Inaugural address - 17th Statistics Day Conference
· Shaktikanta Das, Governor of the Reserve Bank of India (India)
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SD · Shaktikanta Das Wiki · Reserve Bank of India WikiInaugural address - 17th Statistics Day ConferenceContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the 17th Statistics Day Conference, Mumbai, 30 June 2023.
Why it mattersDas launches a new system to modernise how the bank collects data.
Problems raised- Data quality and timeliness are essential for policy.
- Old data systems must be upgraded.
- Reporting entities need better technology.
Solutions proposed- Launch the Centralised Information Management System.
- Engage reporting entities continuously.
- Invest in data technology.
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