Data Methodology & Governance
Learn how MacroNest ingests, verifies, structures, and updates macroeconomic indicators, policy rate anchors, and release schedules.
Compilation Principles
Primary Source Ingestion
Every data point is compiled directly from statutory press releases, official notifications, and verified central bank bulletins (RBI, MoSPI, GSTN, Office of the Economic Adviser).
Provisional vs Final Handling
Government economic series (such as CPI, WPI, IIP, and GDP) frequently undergo subsequent revisions. MacroNest explicitly documents the reference period, provisional status, and prior-period baseline.
Zero Synthetic Projections
We never invent, estimate, or interpolate unreleased numbers. If an official agency has not published a print or the data cannot be confirmed, the indicator status reflects the last verified release.
Release Cadence Protocols
Daily & Weekly Feeds
RBI USD/INR reference rates and sovereign bond yields are updated each trading business day. RBI Weekly Statistical Supplement (Forex Reserves) prints are ingested every Friday upon central bank release (~5:00 PM IST).
Monthly Releases
GST revenue collections arrive on the 1st–3rd; HSBC Manufacturing & Services PMIs arrive on the 1st and 3rd business days; CPI Inflation is issued on the 12th at 4:00 PM IST (or the next working day); WPI Inflation on the 14th; Merchandise Trade on the 15th; and IIP on the final working day of each month.
Bimonthly & Quarterly Decisions
The RBI Monetary Policy Committee meets bimonthly (six times annually). Quarterly GDP estimates are released by MoSPI on the last working day of May, August, November, and February. Balance of Payments (BoP) and Current Account Deficit figures are published by the RBI quarterly with ~85–90 days lag.
Calculator Formulas & EBLR Rules
The Repo Rate EMI and Savings Calculator models official Reserve Bank of India lending and deposit mechanisms:
- External Benchmark Lending Rate (EBLR): Mandated for all floating-rate retail loans issued since 1 October 2019. Lenders reset interest rates at least once every three months matching policy rate changes.
- MCLR Distinction: Loans sanctioned prior to 1 October 2019 under Marginal Cost of Funds based Lending Rate (MCLR) or Base Rate regimes reset on predetermined contractual anniversary dates (often 12 months) and do not automatically reset immediately with repo cuts.
- Fixed Deposit Quarterly Compounding: Standard Indian banking formula:
A = P * (1 + r/4)^(4*t). Senior citizen rates incorporate the prevailing +50 bps institutional premium. - Real Rate of Return: Computed as
Real Yield = Nominal Interest Rate - MoSPI Headline CPI Inflation.