Vrishti Beniwal, Bloomberg News A truck sits parked next to shipping containers at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra, India, on Saturday, Dec. 16, 2017. Many of the cargo containers passing through India s busiest port in Mumbai have a small piece of Japan Inc. attached: Devices from NEC Corp. that can be tracked as the containers rumble through the interior of Asia s third-largest economy. Photographer: Dhiraj Singh/Bloomberg , Bloomberg
(Bloomberg) India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.
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Push for artificial intelligence: India is turning from man to machines to get its economic data right
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Push for artificial intelligence: India is turning from man to machines to get its economic data rightBy Vrishti Beniwal, Bloomberg
Last Updated: Jan 28, 2021, 08:25 AM IST
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Synopsis
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.
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