India is developing an AI-based data analytics system to boost trade data accuracy and speed. The new system aims to address issues like double counting and ensure timely, transparent trade data releases. This move is part of the country’s efforts to improve trade data calculations and provide a more accurate picture of its trade activities.
A new platform will soon be launched to provide improved data analytics, and a Standard Operating Procedure (SOP) is being formulated to enhance coordination between agencies. The goal is to ensure transparency and timely dissemination of trade data, aligning with international standards. The data revision process will involve reconciling available information with revised data published after 30 days. The dynamic data revision policy will revise trade data for all months of the financial year.
