Cabinet Clears VISTAR Scheme to Overhaul India's Statistics
The Union Cabinet has approved a new scheme called VISTAR to improve India's statistical system. It aims to strengthen data collection and analysis, bring AI into the process, and add fresh data on the unorganised sector. The goal is a more accurate GDP figure.
Context
Context: GDP measures the size of the economy and is calculated from data gathered by government agencies. Workers and firms outside formal records are harder to count, which is why the unorganised sector matters.
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