CorporateMOM decodes Indian Statistical Ego-system
Establishing a Dynamic GDP – GNH Database Systems
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CorporateMOM decodes Indian Statistical Ego-system
Establishing a Dynamic GDP – GNH Database Systems
Record Societal Changes – I 4.0 Stats by MeRIT – Measure, Record, Implement, Track
CorporateMOM decodes Indian Statistical Ego-system Establishing a Dynamic GDP – GNH Database System I 4.0 Stats by MeRIT – Measure, Record, Implement, Track Societal Changes.
Here are 5 key points summarized from the transcript:
1. The speaker advocates for integrating GDP (Gross Domestic Product) with GNH (Gross National Happiness) metrics to provide a more holistic view of development and progress.
2. There’s a call for reforming India’s statistical system to provide more timely, accurate and relevant data for policymaking and economic planning.
3. The concept of “Effort Per Person” (EPP) is introduced as a way to measure and optimize individual and team performance, particularly in sectors like agriculture and MSMEs.
4. The speaker discusses the potential for India’s agricultural sector to grow from $450 billion to $1 trillion, emphasizing the role of Farmer Producer Organizations (FPOs) in achieving this goal.
5. There’s a focus on transitioning to a green economy, with emphasis on opportunities for MSMEs in energy transition metals and reducing dependence on fossil fuels.
In response to “Ministry of Statistics and Programme Implementation: Critics from inside and outside” Bibek Debroy, states, “Supporters and critics agree on the urgent need for reform in India’s statistical system. It’s time for The Ministry of Statistics and Programme Implementation [MOSPI] to address concerns with the statistical system seriously. So we shall.”
This presentation CorporateMOM decodes Statistics Ego-system looks into it and the findings are:
[HACCP – Hazard Analysis and Critical Control Points of Stats Ego-System]
1. HACCP of Stats Ego-System 1: – “Fixing a major governance deficit” is the critical control point.
2. HACCP of Stats Ego-System 2: The road map should look into alternative means of data collection toward state and national GDP accumulators.
3. HACCP of Stats Ego-System 3:
1. We make policies in real-time,
2. RBI’s policy formulation is handicapped by frequent revisions to data.
4. HACCP of Stats Ego-System 4:
1. The sampling methodology of our surveys needs alternate options. 2. Governance is a dynamic function, facilitates policies in real-time.
5. HACCP of Stats Ego-System 5:
1. Misreporting the figures happens when there is no data stability.
2. Ministries have no standards to set targets and reach them methodically.
3. Mahalanobis Stats Ego-System had prevailed too long and the damage it has done to planning is immeasurable.
I have addressed these issues and offer a road map to establish a Dynamic GDP – GNH Database Systems. I recommend the current India’s Statistical System be scrapped.
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