Economists Advise India’s Government to Improve Inflation Data

India should update its inflation index more frequently and release key economic data earlier, according to economists consulted by the government who called for various improvements in the way data is released.

More than 50 economists met with key government officials in Mumbai this week, and suggested that frequent household consumption surveys should be conducted for more up-to-date revisions of the consumer price index, the statistics ministry said in a statement Wednesday.