Mumbai: Evidence and analysis are core inputs in policy formulation, Reserve Bank of India (RBI) Governor Shakti kanta Dassaid on June 30 and noted that policymaking and monitoring processes have increasingly become more data-intensive.
“A prerequisite of such (data) analysis is the availability of timely and credible data with the three Cs of data quality — completeness, correctness and consistency,” Das said at the 17th Statistics Day Conference at RBI headquarters.
In recognition of the notable contributions made by (late) Professor Prasanta Chandra Mahalanobis in the field of statistics and economic planning, the central government has been celebrating 29th June, his birth anniversary, as “Statistics Day since 2007.
The celebration of National Statistics Day, Das said, provides an opportunity for sensitising the general public, especially the younger minds, about the discipline of statistics.
