There is a common thread running through the unravelling of India's statistical system. A modern economy with sound institutions is characterized by timely dissemination of credible data. A long term policy needs an empirical basis and issues of veracity of data will influence investment decisions. In a country with a large population of youth, data on national development, especially in core sectors like agriculture, industry, health, education and employment, will be critical. Here comes the role of National Statistical Commission, a body created to establish standards. Questioning the data veracity is a global phenomenon. The official narrative is always questioned by the people on the other side of the fence. Dissemination of economic data is essential to reach out to the public who lived their reality. Lack of data will adversely impact the quality of national policies. India must start strengthening institutions such as the central statistical commission. These institutions must be granted autonomy and insulated from external interferences. Enhanced operational autonomy will make their work credible. An indicator of operational autonomy is their ability to stick to a dissemination calendar regardless of what the data indicates.
What is important for a modern economy?
