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India turns to artificial intelligence for better and faster economic data
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
“Because of the changing landscape, there’s a growing need for more and more data, faster data and also more refined data products,” Statistics Secretary Kshatrapati Shivaji said in an interview. With end-to-end computerization, “this type of automation will enhance the quality, credibility and timeliness of data.”
Kerala govt makes masks, social distancing mandatory amid Covid surge
As per a study by the Community Medicine department of the Thiruvananthapuram Medical college hospital, 56 per cent of people get infected from inside their homes.
Those coming home from outside infect family members and 20 per cent of people get infected from markets, malls and restaurants, it said.
Many more COVID-19 vaccines will be made available from India to help world fight pandemic swiftly: PM
He also referred to a new initiative to provide a unique health ID to 1.3 billion citizens for easy access to healthcare. ”I assure you that every success of India will help the world to succeed. Our Aatmanirbhar Bharat mission is fully committed to global good and global supply chain,” he said.
Modi also talked about Aadhaar, UPI transactions and data privacy laws.
IMF says India will reclaim status of world’s fastest-growing economy, projects 11.5 pc growth
In its latest World Economic Outlook update released on Tuesday, the IMF predicted that India’s gross domestic product (GDP) will grow at the pace of 11.5 per cent in 2021. IMF projections show that India’s economy will grow much better than China which is predicted to grow at 8.1 per cent, followed by Spain (5.9 per cent), France (5.5 per cent) and United States (5.1 per cent).
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