Integrating alternative data sources in Consumer Price Index to modernise India's official statistics, enabling more credible, accurate, and cost and time effective data sources, along with the Ministry of Statistics and Programme Implementation.
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Our Impact
Alternative data sources explored not only in Consumer Price Index, but in other data-intensive and statistical initiatives of the Ministry.
Workshop on Alternative Data Sources conducted along with the Ministry and with World Bank as a knowledge partner.
Our Initiatives
Identified Alternative Data Sources for CPI Enhancement
Identified potential data sources to initiate incorporation of alternative data in CPI (Fuel, procuring rail fare directly from Railway Board, milk cooperatives, etc.)
Supported MoSPI in Private Sector Data Collaboration
Supported in outreach to various private entities, enabling initiation of conversations for access of scanner/pricing data to MoSPI.
Implemented Alternate Data Sources for Price Indices
Worked with PSD to prepare desired data formats and data points to enable alternate data integration for selected items in CPI.
