National Data Warehouse

Mains Paper 2 : Ministries & Departments Of The Government |

Note4Students

From UPSC perspective, the following things are important :

Prelims level : National Data Warehouse (proposed)

Mains level : Need for NDW


News

Setting up National Data Warehouse

  • The statistical reforms are necessary for ensuring responsiveness to the changing needs of society.
  • The statistics ministry said that it proposes to set up a NDW with a view to leveraging big data analytical tools to further improve the quality of macro-economic aggregates.
  • Here technology will be leveraged for using big data analytical tools for further improving the quality of macro-economic aggregates.
  • Efforts are also on to evolve a legislative framework under which the National Statistical Commission (NSC) may function with independence and give holistic guidance for improving the national statistical system.

Why such move?

  • Over a period of time, there have been increasing demands on the statistical system for the production of relevant and quality statistics.
  • MoSPI has been criticised in some sections for the quality of macro-economic data.
  • The Ministry said revision in GDP estimates occur when data coverage from administrative sources improves over time and these improvements get well documented.
  • Consequently, the initial estimates of GDP tend to be conservative.
  • To improve this, it would require concomitant changes in the sectoral data flows and associated regulatory framework in the data source agencies to facilitate the use of more macro modelling techniques.

Recent initiatives

  • The Ministry has been accommodating these demands by optimizing the available resources and use of technology.
  • The recent step for the merger of CSO and NSSO was aimed at leveraging the strengths of the two organisations so that it can meet the increasing demands, MoSPI said.
Economic Indicators-GDP, FD,etc
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