ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Not Useful Enough

Not Useful Enough AMONG the underdeveloped countries, India probably has much more statistical data relating to the economy than any other country. One wishes one could add that the available data are properly processed to serve analytical and policy purposes. This, unfortunately, is not done. It is a sad commentary on our policy-making expertise that they have not mdu- ced such processing. Economic classification of the Central Budget was started onlyas late as 1957-58. And even now, there is no economic classification of State Govern- ment Budgets. The result is that we remain ignorant about areas for which we have fairly good statistical material. The analytical work relating to financial flows and estimation of saving and investment, for instance, suffers not because of inadequate data but simply because government agencies have ttiven such a low priority to technical work, without which it is not possible to take rational policy decisions.

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