Ministry of Statistics and Programme Implementation Signs an MoU with National Council of Applied Economic Research
Why in news?
- The Ministry of Statistics and Programme Implementation (MoSPI), Government of India and National Council of Applied Economic Research (NCAER) have signed a Memorandum of Understanding (MoU) to use new data technologies, knowledge generation and knowledge sharing, and capacity building in the field of Official Statistics.
- The MoU would lead to strengthening and better monitoring of data quality and timeliness of various statistical products and services generated by the Ministry including, Gross Domestic Product (GDP), Economic Census, Price Statistics, Index of Industrial Production (IIP), and Annual Survey of Industries (ASI), etc.
Highlights of the MoU:
- Business Process Review (“BPR”) of the existing official statistics system and development of an information and communication technology (“ICT”) plan for mainstreaming data integration across various domains and agencies.
- Using technology for survey instruments and processing of data for large scale surveys and data analytics.
- Creation of a national data warehouse to integrate administrative statistical datasets available up to the local Government level.
- Leveraging administrative data to improve the quality and coverage of core statistics with technical support and collaboration with data producers.
- Setting up common standards and protocols for data collection, its quality, meta-data and use across line ministries and sub-national entities.
- Development of new ICT based framework for measurement of social and economic indicators in the emerging knowledge-based economy.
- Capacity building for statistical activities including big data analytics, technical reporting, etc.
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