RBI says role of statistics has increased manifold

......."The role of statistics in terms of data needs, surveys and sophisticated analysis in central bank policy formulation has increased manifold with every passing crisis. Policy issues have become more complex and information and analytical requirements have turned more demanding," said Urjit Patel, Deputy Governor, RBI in Mumbai. According to Patel there is a continual need for upgrading researchers knowledge and skills in order to address current issues...........

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