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Digital transactions to power key official macro-economic statistics

India's digital economy is likely to hit Rs 1 trillion by 2022, according to estimates

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Dilasha Seth New Delhi,
The Central Statistics Office (CSO) is looking to leverage data generated by digital transactions to arrive at macro-economic figures such as gross domestic product (GDP) or inflation. 

Officials of the Ministry of Statistics and Programme Implementation (MoSPI) recently held a round table with statisticians from Canada, Australia, the UK and Singapore on the subject.

India’s digital economy is likely to hit Rs 1 trillion by 2022, according to estimates.

Anil Arora, chief statistician of Canada, told Business Standard the discussion was about proliferation of data, in terms of suppliers and producers. “It is a real question about the role of statistics in this