With India's economy expanding rapidly and global investor interest growing, official figures are facing more scrutiny. Calls are mounting for more accurate economic data
The proposed business register will be prepared using data from the economic census (EC), state specific databases and central databases
Underscoring the ramifications that data gaps have a cascading effect on the economy, the Karnataka High Court has dismissed a petition filed by a company that did not provide statistics of its operations for the year 2011. Action had been initiated against M/s Masturlal Pvt Ltd, which manufactures technical units of textiles used in industries, under the Collection of Statistics Act in 2015. The company approached the HC in 2022 against it. In a recent judgement, Justice M Nagaprasanna said any negligence on the part of any company will undoubtedly have a spiralling effect on the economic policies of the nation, which is the driving force of any nation among others. On the significance of the data collection, the HC said: "It is in public domain that Indian statistical system is one of the best systems in the world. The country participates in all the international and regional organisations of the United National Economic and Social Commission for Asia and the Pacific on statistic
The deliberations by MoSPI will see participation of officials from other ministries and departments, and will feature nine points of discussion
CAA protests can undermine credibility of statistics
India already has a National Statistical Commission as the nodal agency for core statistical activities. Will a new National Statistical Office do that better? Experts differ in their views