On November 15, the Ministry of Statistics and Programme Implementation (MoSPI) announced that it will not publish the results of a national household consumer expenditure survey carried out by its wing, the National Statistics Office (NSO), during the period July 2017 to June 2018 on account of “data quality issues”.
The MoSPI decision will impact the government’s GDP base year revision plans as the scrapped data set is crucial in revising the base year for calculating India’s economic (GDP) growth. The absence of this data will also deny India an opportunity to understand the changes that have happened in areas of poverty, food consumption, nutrition, malnutrition and a host of other issues during the last six years, as that was when a similar exercise was carried out last to generate comparable data points.
This is also the second instance, in recent times, of the results of a survey-based data analysis, prepared by an official government agency, being junked by the government itself. Results of the periodic labour force survey (PLFS) of NSO, again for the 2017/18 period, had met a similar fate. While the PLFS survey did get released after a long delay, it was discredited by the government, which said its findings related to job losses were not correct.
These may seem like isolated events but a possible dent to the credibility of India’s official data can have wider implications for the way other countries and potential investment, technology and trade partners see India. BT reached out to Pravin Srivastava, Chief Statistician of India and Secretary, MoSPI, for an official response, but could not elicit any. At the time of going to print, a response from Bimal Kumar Roy, Chairman, National Statistical Commission, was awaited.
Diese Geschichte stammt aus der December 15, 2019-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 15, 2019-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach