New Delhi, Aug. 4 -- India is at the cusp of a transformative data revolution that promises to fundamentally reshape how we understand the economy. The ministry of statistics and programme implementation (MoSPI) has embarked on an ambitious modernization agenda that is not merely updating existing systems but re-imagining our entire statistical infrastructure. This represents a significant advance in public administration, with profound implications for policymaking, governance and economic planning.

There are four key aspects of this exercise: timeliness and frequency of data releases, data diversity to expand the statistical universe, harmonization of administrative data-sets and a user-centric shift in producing official statistics. ...