Sources of Data for Studying the Indian Economy

Introduction: Reliable and comprehensive economic statistics are a public good. They are the bedrock of informed policymaking, besides being a key facilitator for the investment decisions of private firms. They are a vital necessity for informed public discourse in democracies, where citizens seek accountability from their government. The use of scientific methods for their collection and estimation and their timely dissemination, therefore, form a vital public service. Statistical data should be sound. There is no point in offering data that has a weak base. Infirmity, if any, should be rectified first and then data should be released. A concerted effort should be made to maintain the ...

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