I have spoken about statistical analysis in the context of the crisis, and about how every major economic and financial crisis has led to improvements in data standards and in the tool kits for statistical analysis. I referred to the international response to the data gaps identified in the ongoing global financial crisis.
I then looked inwards at some of the more important data gaps within the Reserve Bank and highlighted why it is important to rectify them. Following that, I moved on to some constraints in data measurement and interpretation, and where necessary and possible, indicated how we address those constraints. 4  Business Standard, July 5 2012, (p.11). 5  Mohanty, Deepak, A.