Union Minister Rao Inderjit Singh makes a statement that the Ministry of statistics and program implementation is working on a comprehensive information platform NIIP to assemble all the real-time official data including the data on the Indian economy. The project is considered relevant as the data related to Macroeconomy and other sectors could be released on time to avoid lags of weeks and even months in some cases.
“In order to revamp and strengthen the existing statistical system, the ministry has come up with a project called NIIP, which would imbibe new information technology solutions in the field of data acquisition, processing, and dissemination,” statistics and program implementation minister Singh said while addressing a virtual conference on the Statistics Day event.
Once fully operational at the national level, it will facilitate real-time monitoring of the Indian economy, he added.
The minister informed that this portal will be a one-stop platform for all official statistics using advanced technology to integrate existing and future databases of administrative statistics and survey data across government offices, sectors, geographies, and time.