Economics
Artificial Intelligence Is India’s Solution to Fix Data Gaps
- Statistics ministry is trying to reduce lags in collating data
- Controversy has swirled over quality of India economic figures
This article is for subscribers only.
India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.