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New GDP Series will make growth data more robust: MoSPI Secretary Saurabh
Updated : 2 months, 2 weeks ago IST
"Our existing series was based on the year 2011-2012. The international norm is that this should happen every five to seven years. However, due to COVID-19, we transitioned to a new financial system, and GST was introduced, which caused a slight delay," Garg said.
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Revision of base year to improve accuracy, support AI use: MoSPI Secretary
Updated : 4 months ago IST
"For AI and ML, data is the key raw material. It is therefore essential that data is harmonised so that it can be effectively used by AI systems," he said. Internally, MoSPI is already using artificial intelligence to improve the accuracy of data enumeration and to speed up decision-making p
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Base Year revision aims to capture digital economy, new data sources: MoSP
Updated : 5 months, 1 week ago IST
The government is undertaking a revision of the base year for national accounts to better reflect structural changes in the economy, evolving consumption patterns, and the rapid expansion of the digital economy over the past decade, Saurabh Garg, Secretary, Ministry of Statistics and Progr
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Govt leveraging over 300 data sources for GDP calculations, eyes broader u
Updated : 6 months ago IST
Speaking at a CII summit, Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation, said that the government is leveraging over 300 data sources for GDP calculations and is working to expand their use for data-driven policymaking across various government levels.
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