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Strong statistical systems key to achieving Viksit Bharat by 2047, says PM's principal secretary

·Economic Times·Impact 2/5 · Moderate

India's Prime Minister's principal secretary, P K Mishra, has emphasized the importance of having a reliable and technology-enabled statistical system. This system is crucial for the country's goal of achieving Viksit Bharat by 2047, which aims to make India a developed nation. A strong statistical system will aid evidence-based policymaking, allowing the government to make informed decisions. It will also help in assessing policy outcomes and addressing regional disparities, which is essential for achieving economic growth and development.

Read the source report: Economic Times →

Why it matters

India's government is focusing on improving statistical systems to aid policymaking. This could lead to more informed decisions and better economic outcomes.

Market impact

Impact score
2 / 5
Market signal
Positive / risk-on
Category
Market moves
Model confidence
65%

Markets & countries in focus

India

Transmission channels

Statistical system upgrade→Evidence-based policymaking→Economic growth→Investor confidence boost→Indian assets rise

Likely winners & losers

Winners

  • Indian equities
  • Technology stocks

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.