Fourth, the Department is involved in various data gap and statistical measurement issues through its participation in various committees within and outside the RBI. One particular issue that has received renewed attention recently is the development of a Producers Price Index (PPI), including services.
While this is presumably an institutional effort being made by the Government, work relating to a statistical framework of PPI in Indian context could be attempted by the department. Fifth, during last 5 years or so, statistical systems both for financial and banking, have undergone a major change. New systems are introduced in line with global standard of data compilation and dissemination.