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Inaugural address - 18th Statistics Day Conference

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

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· Shaktikanta Das Wiki · Reserve Bank of India WikiInaugural address - 18th Statistics Day Conference

ContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the 18th Statistics Day Conference, organised by the Department of Statistics and Information Management, Mumbai, 28 June 2024.

Why it mattersIndia's governor explores big data to measure inflation expectations.

Problems raised
  1. Statistical systems must evolve.
  2. Algorithms can be biased.
  3. Expectations are hard to measure.
Solutions proposed
  1. Use big data for expectations and sentiment.
  2. Address ethical issues and bias.
  3. Strengthen statistics.
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