Good policies call for good data standards: President

Emphasising on the need for authenticity in the collection of statistics, President Pranab Mukherjee today said that good data was important as its analysis plays a key role in shaping national policies.

"The efficacy of our policies, especially in the social sector, hinges on the quality of data collected by different government agencies. Good policies call for good data standards," he said.

"Great emphasis must, therefore, be laid on the authenticity of the information gathered so as to form the basis of policy intervention," Mukherjee told the 48th Convocation of the Indian Statistical Institute (ISI) here.

The President said that the Collection of Statistics Act, 2008, seeks to facilitate the collection of data on several socio-economic and other parameters.

It is the collective responsibility of the citizens and the seekers of information under this Act to ensure that correct and adequate statistics are furnished, he said.

The President advised exercise of due caution in analysing large data and drawing inferences.

"Capturing unstructured data and converting them into a structured format are technically challenging problems. They have to pursued in an enlightened manner.

"Drawing inferences call for adequate scrutiny of the theory requiring combined knowledge of the statistician and the subject expert," he said.

"Enhanced capability of analysing large data had a positive act in our ability to formulate effective public policies as well improving transparency to ensure last mile connectivity," he said.

Mukherjee said that improved ability to analyse data had led to an improvement in weather forecasting systems.

He said data mining and statistical techniques had been used to initiate counter terrorism programes.


  • RBI should make it must for banks to disclose loans refinanced under 5/25 scheme

    There is reasonable doubt that banks are using the 5/25 scheme to postpone dealing with bad loans.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Roopen Roy

Bitcoins will spark India’s financial innovation

Often, when you string together two pieces of seemingly unconnected ...

Rajgopal Nidamboor

The power of detached thinking

Dispassionate thinki­ng holds the discriminating embroidery of perceptive focus and ...

Dharmendra Khandal

Mosquitoes are a menace, but part of eco system too

Who can deny that mosquitoes are a menace? The buzz ...


William D. Green

Chairman & CEO, Accenture