RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members.
The panel will submit its report by the end of November 2024
The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices.
The panel, chaired by Patra, will also study the quality of other regular data, where such benchmarks do not exist (like sectors of national priority) and provide guidance on the scope for any further data refinement.
The other members of the committee are R B Barman (former chairman, National Statistical Commission), Sonalde Desai (National Council of Applied Economic Research, New Delhi and University of Maryland, USA), Partha Ray (Director, National Institute of Bank Management, Pune), and Bimal Roy (former chairman, National Statistical Commission; and former director, Indian Statistical Institute, Kolkata)
