The Ministry of Statistics and Programme Implementation (MoSPI) has introduced a series of initiatives aimed at strengthening India’s National Statistical System to support the government’s vision of achieving ‘Viksit Bharat’ by 2047. The objective is to create a robust data ecosystem that facilitates data-driven decision-making to promote socio-economic development and accelerate India’s progress toward becoming a developed nation.

Enhancing National Statistical System for Data Excellence

To ensure high-quality and timely data for policymakers and stakeholders, MoSPI is focusing on improving data collection, processing, and dissemination through various technological advancements and reforms. Some of the major initiatives undertaken include:

• National Sample Surveys on Socio-Economic Subjects: MoSPI conducts extensive national sample surveys covering key socio-economic subjects such as health, education, labour, and employment. These surveys are now conducted using digital platforms with in-built validation mechanisms, significantly reducing time lags and ensuring greater accuracy in data processing.
• GDP, CPI, and IIP Estimates: MoSPI releases estimates for Gross Domestic Product (GDP), Consumer Price Index (CPI), and Index of Industrial Production (IIP) in accordance with the Advance Release Calendar (ARC). These timely estimates enable policymakers to assess economic performance and implement necessary reforms.
• eSankhyiki Portal for Macro Indicators and Data Assets: The eSankhyiki portal has been introduced to provide time series data of key macro indicators and host a comprehensive catalogue of major data assets. This platform enhances data transparency and allows researchers, economists, and the public to access crucial datasets conveniently.

Support for Statistical Strengthening (SSS) Scheme

To further strengthen state-level statistical infrastructure, MoSPI has been providing Grant-in-Aid support under the Support for Statistical Strengthening (SSS) scheme. This scheme assists States and Union Territories (UTs) in enhancing their statistical capabilities by:

• Upgrading Statistical Infrastructure: Funds are allocated to improve data management systems and upgrade infrastructure for better statistical operations.
• Capacity Building: Training programs and technical assistance are provided to state statistical agencies to enhance their analytical and data-handling capabilities.
• Promoting Uniformity in Data Collection: The scheme encourages the adoption of standardised practices across states, ensuring consistency and comparability in data across the country.

Digital Transformation for Real-Time Data Collection

MoSPI’s initiatives are underpinned by a digital transformation strategy aimed at ensuring real-time data collection with minimal errors. Digital platforms with in-built validation mechanisms have been deployed to ensure:

• Data Accuracy: Automation of validation processes reduces errors and ensures that the collected data is reliable and error-free.
• Faster Data Processing: The shift to digital platforms ensures that large datasets are processed quickly and efficiently, reducing the time required for publishing reports.
• Improved Data Access: Researchers, policymakers, and the public can access relevant data faster and more conveniently through platforms like eSankhyiki.

Significance of High-Quality Data for Viksit Bharat 2047

As India works towards Viksit Bharat 2047, reliable and timely data is essential to monitor progress, identify gaps, and formulate evidence-based policies. MoSPI’s strengthened statistical system contributes to this goal by:

• Enabling Evidence-Based Policy Decisions: High-quality data ensures that policies are based on empirical evidence, enhancing the effectiveness of government programs.
• Tracking Socio-Economic Development: Accurate data allows policymakers to monitor progress across sectors such as education, health, and employment, helping identify areas that require targeted intervention.
• Facilitating Long-Term Strategic Planning: Reliable data empowers decision-makers to formulate long-term strategies to achieve the vision of ‘Viksit Bharat’ by 2047.

Minister’s Statement on the Initiatives

The efforts to strengthen India’s National Statistical System were highlighted by Mr. Rao Inderjit Singh, Minister of State (Independent Charge) for MoSPI and Planning, in a written reply in the Rajya Sabha on March 18, 2025. He emphasised that data-driven governance is key to achieving sustainable development and that MoSPI’s initiatives will pave the way for India’s transformation into a developed nation by 2047.

“Our focus is on ensuring that the statistical system is equipped to handle the growing data needs of a rapidly developing nation. Through digital platforms and robust validation mechanisms, we are committed to delivering high-quality data that will drive India’s progress towards Viksit Bharat,” stated Mr. Singh.

Expanding Statistical Capabilities Across States and UTs

Under the Support for Statistical Strengthening (SSS) scheme, MoSPI has been actively supporting state statistical systems by providing:

• Technical Expertise and Capacity Building: States receive training and guidance on best practices in data collection, processing, and analysis.
• Infrastructure Upgrades: Financial assistance is provided to modernise data infrastructure, ensuring that state agencies are equipped with the latest tools and technologies.
• Integration of State and National Data Systems: Efforts are being made to ensure seamless integration between state-level and national-level statistical systems, promoting uniformity and consistency.

Future Roadmap for Achieving Viksit Bharat

Looking ahead, MoSPI plans to introduce advanced technologies such as AI-driven analytics, machine learning algorithms, and big data platforms to further enhance the efficiency and reliability of India’s statistical system. These advancements will:

• Ensure Faster Data Analysis: Leveraging AI and ML technologies will allow for real-time analysis of large datasets, enabling quicker policy responses.
• Improve Data Accuracy and Predictive Insights: Machine learning models will improve data accuracy and provide predictive insights to assist policymakers in anticipating future trends.
• Facilitate Inclusive Growth: Enhanced statistical systems will enable the government to track progress more effectively and ensure that the benefits of development reach all sections of society.

Conclusion: Driving India’s Vision of Viksit Bharat 2047

MoSPI’s proactive efforts to strengthen India’s statistical infrastructure through digital platforms, national sample surveys, and enhanced state-level statistical systems are critical for achieving Viksit Bharat by 2047. By focusing on high-quality data and evidence-based decision-making, these initiatives empower policymakers to address socio-economic challenges effectively and lay the foundation for a developed, inclusive, and prosperous India.

As India advances toward this ambitious goal, MoSPI’s initiatives will continue to play a pivotal role in ensuring that data-driven governance remains at the heart of India’s growth trajectory.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited, Grand Continental Hotels, Rapid Fleet Management Services.

The Current active IPO are Paradeep Parivahan, Divine Hira Jewellers.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst