Saurabh Garg, Secretary in the Ministry of Statistics and Programme Implementation (MoSPI), affirmed today that the Indian economy continues to perform well despite global headwinds, according to a report by News on AIR. Speaking at the National Statistics Day celebration, Garg underscored the significant expansion in administrative data over the past decade, driven largely by the success of the Digital India initiative.
Economic Resilience and Administrative Data Expansion
Garg noted that the theme for this year's National Statistics Day is "Unlocking the Potential of Administrative Data," focusing on how administrative data can be effectively leveraged to support informed and evidence-based decision-making. The event celebrates the contributions of statisticians and highlights the role of data in shaping policy. According to Garg, the country has witnessed a robust expansion in administrative data sources, which are increasingly being used for real-time monitoring and planning.
| Key Aspect | Details |
|---|---|
| Speaker | Saurabh Garg, Secretary, MoSPI |
| Event | National Statistics Day |
| Theme | Unlocking the Potential of Administrative Data |
| Key Statement | Indian economy continues to perform well despite global headwinds |
| Digital Initiative | Digital India driving administrative data expansion |
Data-Driven Governance and Viksit Bharat 2047
Garg further said that Prime Minister Narendra Modi has consistently emphasised the importance of data-driven governance. To achieve the vision of Viksit Bharat by 2047, policymaking and decision-making must become increasingly focused, precise, and backed by reliable data. This approach is expected to enhance the efficiency of government programs and foster a more predictable regulatory environment for businesses.
Implications for Business and Investors
For C-suite executives and investors, the emphasis on administrative data signals a move toward evidence-based policymaking that could reduce uncertainty. The expansion of data under the Digital India umbrella may improve the ease of doing business by streamlining compliance and transparency. As India targets Viksit Bharat 2047, companies can anticipate more targeted economic policies and infrastructure planning based on real-time data. The government's focus on precise decision-making aligns with corporate needs for stable and predictable growth conditions.
Next milestone: Continued rollout of administrative data platforms and upcoming economic data releases will be watched for signs of sustained growth.
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