In his acceptance speech, Rangarajan highlighted the importance of credibility of official statistics.
Besides heading RBI and the Prime Minister’s Advisory Council, Rangarajan was chairman of the National Statistical Commission, set up in 2000 to review the statistical system.
Speaking on the occasion, chairman of the Economic Advisory Council to the Prime Minister, Bibek Debroy, said Covid-19 has raised the issue of paucity of government expenditure and the need for its re-prioritization towards the health sector
Chief statistician Pravin Srivastava said the government will launch e-Sigma that will capture data using mobile devices.