While several initiatives have been taken at the national level to bridge data gaps, I will focus on the recent initiatives of the Reserve Bank. The Reserve Bank’s policy canvas is large and goes beyond the rubric of a traditional central bank. We have the primary responsibility of compilation of banking and financial statistics as well as balance of payments statistics.
We have also been compiling corporate finance statistics. We have been keenly aware of the need to constantly improve the statistics in terms of coverage, quality, frequency and level of dissemination. We participate and generally conform to the various international standards such as the IMF’s SDDS and the BIS data bank programme.