Niranjan Rajadhyaksha discusses disruptions to traditional national statistics amid the pandemic and the promise of and concerns with alternate high frequency data. Excerpts:
"The covid-19 shock has disrupted the usual business of national statistics. For example, the Reserve Bank of India (RBI) has temporarily suspended its economic forecasts for the quarters ahead. The lockdown has meant that government surveys of prices are now based on telephone interviews, rather than field visits to various markets, thus threatening their credibility. But there are more profound challenges as well."
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