The Centre for Monitoring Indian Economy (CMIE) is an independent private limited entity that serves both as an economic think-tank as well as a business information company. CMIE research group has built databases on the Indian economy and private companies. CMIE provides this information in the form of databases and research reports via a subscription-based business model. It is headquartered in Mumbai, with additional offices in India. CMIE was founded by Narottam Shah on 13 April 1976. It began as an information organisation cum Think Tank that helped the business community gain access to economic data and to understand the underlying trends. The company ran a service called Economic Intelligence Service which delivered a set of documents every 5th of the month. Economic Intelligence Service delivered mostly statistics from hundreds of official documents. It presented these with useful pithy observations of the trends which reflected Shah's studious understanding of the Indian economy. The service included a Monthly Review of the Indian Economy and reference volumes such as Basic Statistics Relating to Indian Economy I & II and Key Financial Data of Larger Business Units and special occasional documents such as Profiles of Districts and Shape of Things to Come. The service was famous for punctuality and reliability. Narottam Shah died on 23 March 1984 Eventually, the Economic Intelligence Service was phased out. But, CMIE continues to retain two main characteristics of Shah's CMIE – delivering long normalised time-series data and always being updated with the latest available data in its new deliveries. More information...
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