ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By R B Barman

Re-engineering for Credibility

There has been a protracted belligerence over the new series of gross domestic product data denting the long-standing credibility of our statistical system. There is a need to not only come out of the present predicament, but also to find a way for enhancing credibility of official statistics. Such strategic actions for revamping the official statistical system, keeping in view the major challenges, are suggested.

 

In Quest of Inclusive Growth

Economics needs an integrated approach for inclusive growth. But, this purpose is lost in the excessive focus on the separation of the subject into micro and macro and the obsession with rationality and general equilibrium for theoretical perfection. In such a context, the analysis of the factors contributing to the changes in the gross domestic product overlooks the distributional aspects, whereas statistics focuses on distribution in its search for approximating the regularity in data generated in a multivariate space. The feasibility of a new multidisciplinary framework for organising economic data in the quest of a paradigm inclusive growth is explored.

Indian Official Statistics

Official statistics is a public good that informs, supports, and sustains democracy and advances socio-economic development. The Indian statistical system is analysed and methods for modernising it are suggested by using information and communications technology to improve the quality, credibility, coherence, and timeliness of data. An integrated, decentralised information system populated with granular data will enable data to be carried flexibly wherever required, queried, and analysed in business contexts at all levels of governance for a deeper insight. Such a system will help the government to inform stakeholders about the economy and honour our commitments to the United Nations resolution of 2014.