HomeNewsBusinessMC Interview: MoSPI preparing framework for faster data revisions; incorporating AI/ML, says Minister Rao Inderjit Singh

MC EXCLUSIVE MC Interview: MoSPI preparing framework for faster data revisions; incorporating AI/ML, says Minister Rao Inderjit Singh

With the overall guidance of NSC and the technological advancements adopted by MoSPI for conducting surveys, the time lag for releasing survey reports has been reduced considerably, said Singh.

June 20, 2025 / 17:16 IST
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MoSPI has shifted from pen-paper-mode data collection to tablets or Computer Assisted Personal Interview in the national sample surveys (NSS).
MoSPI has shifted from pen-paper-mode data collection to tablets or Computer Assisted Personal Interview in the national sample surveys (NSS).

The statistics ministry is preparing a framework for faster revisions of data, and is exploring shorter timelines to update inflation and industrial production measures, Rao Inderjit Singh, Union Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation (MoSPI), told Moneycontrol.

In a written interview, Singh noted that the ministry was experimenting with a chain-based Index of Industrial Production (IIP) to improve responsiveness to structural changes, and was planning to conduct the Household Consumption Expenditure Survey (HCES)—a key input for inflation measurement—every three years.

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At present, the HCES is conducted every five years. The minister noted that the ministry was looking to use GST data, E-Vahan portal, and UPI transaction data from NPCI for the new GDP series.

The ministry is also leveraging artificial intelligence and machine learning to speed up data delivery and ensure robustness. Edited excerpts: