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Hans India
28-05-2025
- Business
- Hans India
Meeting held on bettering synergy between data producers, users at ISB
Hyderabad: The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), in collaboration with the Indian School of Business (ISB), organised a Data Users Conference on Tuesday. The conference aimed to deepen the interaction between data producers and users by discussing two newly released surveys—the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023–24 and the Forward-Looking Survey on Private Sector Capital Expenditure (CAPEX) Investment Intentions. The event attracted over 200 delegates, including researchers, academicians, economists, representatives from industrial associations and trade bodies, policymakers, international organisation representatives, enterprise representatives, and esteemed institutions from academia and the media. Domain experts and members of the National Statistical Commission (NSC) were also present. The conference was chaired by Dr Saurabh Garg, Secretary of MoSPI, who emphasised the Ministry's core vision of 'Data for Development.' He highlighted MoSPI's role as the largest primary data collector in India, and potentially the world, with survey sample sizes ranging from one to five lakh units. He pointed out several innovations, including the monthly release of the Periodic Labour Force Survey (PLFS) for both rural and urban areas and the forward-looking CAPEX Investment Intentions Survey, which provides insights into future private sector investment trends. Delivering the keynote address, Dr V Anantha Nageswaran, Chief Economic Advisor (CEA), Government of India, commended MoSPI for its commitment to enhancing data granularity. He asserted that a strong conviction for policy reform will be sustained by detailed data insights. He emphasised the importance of macroeconomic indicators based on the recently released reports on the ASUSE and CAPEX investment surveys. Prof. Madan M Pillutla, Dean of the Indian School of Business (ISB), expressed gratitude to MoSPI for their collaboration and emphasized the importance of such data user conferences. He discussed the significance of data collection and the tradition of regularity and reliability that has been upheld. His address also stressed the importance of research, data, capacity building, and cross-validation. Geeta Singh Rathore, Director General (NSS), MoSPI, elaborated on the significance of the data user conference for bridging the gap between data users and data. She briefly highlighted the importance and application of ASUSE and CAPEX data.
The Hindu
27-05-2025
- Business
- The Hindu
CEA bats for advancing land, labour reforms
Chief Economic Adviser V. Anantha Nageswaran on Tuesday underscored the need for India to view the crisis in global economy as an opportunity to introduce more reforms, especially land and labour. India's macroeconomic picture may be one of smooth sailing despite turbulent global waters. Yet the 'ongoing or brewing crisis' in global economy presents an opportunity to advance the cause of reforms in factor markets like land, labour and even intangible factor of production like knowledge, he told a Data User's Conference the NSO, Union Ministry of Statistics and Programme Implementation organised at the Indian School of Business here on Tuesday. Countries use crises as opportunities to surge ahead in prosperity and standards of living, said, seeking to highlight the growth opportunities emerging amid the China +1 production strategy of global firms. 'Right now, India's macro numbers paint a very promising picture. As per the Second Advanced estimates published by the National Statistics Office, the GDP real and nominal growth rates have been pegged at 6.5% and 9.9% respectively in 2024-25. This is the highest amount the major economies of the world,' he said. The conference was on the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24 and the Forward-Looking Survey on Private Sector Capital Expenditure (CAPEX) Investment Intentions. Noting granular data is crucial for building conviction for policy reform, Mr. Nageswaran said the findings of the two surveys provide insights into the state of the health of the private sector. Much remains to be done from that perspective, he said, adding how 'firms don't seem to be keen on opportunistic effects, which this survey defines as investment on new business activities expected to have more profitability or scope in the future.' An indication of this is meagre share of research and development in the provisional capex per enterprise. Large enterprises ought to pursue a medium to long term thinking beyond short term profitability, he said. Secretary to MoSPI Saurabh Garg highlighted enhancements in data dissemination through an upgraded portal featuring API access, interactive visualisations and strategic collaborations with academic and global partners. The conference was aimed to foster constructive dialogue between data producers and data users, facilitating knowledge exchange and showcasing India's rigorous data collection as a foundation for transformative policy reforms, the organisers said in a release. ISB Dean Madan Pillutla said in an era of advanced analytics, integrity of data is critical for building robust predictive models and deriving actionable insights.
