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Technology to be leveraged for using big data analytical tools to improve quality of macro-economic aggregates: Govt
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Technology to be leveraged for using big data analytical tools to improve quality of macro-economic aggregates: Govt

Agency News

New Delhi, Jun 10: Responding to reports that regarding the statistical reforms being undertaken in the Ministry of Statistics and Programme Implementation (MOSPI) and on the existing GDP series, the government on Monday said a National Data Warehouse on Official Statistics will be established where technology will be leveraged for using Big Data Analytical tools for further improving the quality of macro-economic aggregates.
''The Ministry is also proposing to establish a National Data Warehouse on Official Statistics, where technology will be leveraged for using Big Data Analytical tools for further improving the quality of macro-economic aggregates. As all these reforms are an ongoing process,'' said the Statistics & Programme Implementation Ministry in a statement.
The ministry said the recent step for the merger of Central Statistics Office (CSO) and National Sample Survey Office (NSSO) was aimed at leveraging the strengths of the two organisations so that it can meet the increasing demands.
In so far as the credibility of data is concerned, the Government adopted the United Nations Fundamental Principles of Official Statistics (FPOS) in May, 2016, it said.
''The Government is thus committed to ensure and secure the autonomy and independence of the statistical system to produce appropriate and reliable data by adhering to internationally agreed professional and scientific standards. In the Indian context, there have been a series of expert committees constituted in the past, which made several recommendations for improving the functioning of the national statistical system,'' it said.
The order issued on May 23, 2019 was aimed at a unified NSO, as prevailing in most other countries, that produces reliable and quality statistical products by leveraging the synergies available within MoSPI.
''It may be mentioned that the Government had merged the post of Chief Statistician of India (CSI) and Secretary, MoSPI to head the NSO and order of 23 May, 2019 on restructuring has since been accordingly clarified.''
In the ongoing Economic Census, 2019, the MoSPI has partnered with the Common Service Centres (CSC) SPV to undertake the field work, and the officers of National Sample Survey (NSS), State Governments and line Ministries will be involved in close monitoring and supervision of the field work to ensure data quality and good coverage.
''This is the first time that the rigours of monitoring and supervision of field work exercised in NSS will be leveraged for the Economic Census so that results of better quality would be available for creation of a National Statistical Business Register. This process has been catalysed by the establishment of a unified NSO,'' it said.
The government said India has subscribed to the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF) and an Advance Release Calendar is decided for release of estimates.
Responding to clarify on the apparent misconception that in the current GDP series the informal manufacturing sector grew at the same rate as the formal manufacturing sector measured by the Annual Survey of Industries, the ministry said,''In fact, it is only the growth of appropriate type of enterprises in ASI (i.e. proprietary, partnership, HUF) that is used to move the benchmark estimates of the informal/unorganized manufacturing segment, and not the growth of the entire ASI. Moreover, while using the Paid-Up-Capital based scaling up of sample results, MOSPI now uses the much larger MCA database (about 7 lakh active corporates) whereas the results from a sample of only 2,500 corporates analysed by RBI were used in the earlier GDP series.''
UNI