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Resource centre on India's rural distress
 
 

Problem with figures

-The Indian Express

Government does well to constitute panel on economic statistics, and even better to include critics on it

The Narendra Modi government deserves credit for constituting a new Standing Committee on Economic Statistics “to review the extant framework relating to data sources, indicators, concepts/definitions and other issues” connected with measurement of economic activity. Significantly, the panel is headed by the former chief statistician of India, Pronab Sen, and has at least three other economists — CP Chandrasekhar, Hema Swaminathan and Jeemol Unni — who have been critical of the alleged “political interference” in the working of the official statistical machinery and “the tendency to suppress uncomfortable data”. The setting up of the committee signals an acknowledgment on the government’s part that there is a credibility problem with official data, which matters both for investors and for policymaking itself. And that it has to be addressed.

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