Truth, lies and statistics
Niti Aayog has raised hopes of radical changes in economic policy but the new policymakers face one big constraint: the lack of up-to-date and accurate data
The red carpet rolled out for a new generation of economists in New Delhi, and the creation of a new policymaking body, the Niti Aayog, has raised hopes of radical changes in the design of economic policies in the country. But for any meaningful change to happen, the new set of policymakers will have to contend with one big constraint in policymaking in India: the lack of up-to-date and accurate data. At a time when the whole world has been gravitating towards evidence-based policymaking, and companies and organizations across the globe have been beefing up their data-mining abilities, India’s social data gathering apparatus has witnessed a steady decay.