Economic Survey 2022: The Story Of India's Development... In Maps
Real-time data has become important to economic forecasting. More so after the pandemic. And the Government of India is trying to keep up.
This year's Economic Survey details the use of new forms of data and information for tracking economic activity and development, the survey for 2021-22, published a day ahead of the union budget, said. One such source of information is the use of maps and geospatial data to track, compare and represent longer term developments.
Geospatial maps not only let users visualise data but also help better understand trends, relationships and patterns, the survey explained.
"This is still the first generation of such data. There is as much art in interpreting this data as there is science," said Sanjeev Sanyal, principal economic advisor to the Government of India. "The data does coincide with other high frequency indicators and most indicate a tilted W-type recovery."
Darkness And Light
Using satellite images, India's nighttime luminosity is compared between 2012 and 2021.
Nighttime luminosity provides an interesting representation of the expansion of electricity supply, the geographical distribution of population and economic activity, urban expansion as well as growth of ribbon developments between urban hubs, the survey said.

The maps have been created by combining satellite data over the course of a 12 month period in each year.
Roads, Roads And More Roads
The construction of roads continue to be the government's most important projects. A comparison of geo-spatial images a decade apart gives a glimpse of just how much difference that's made.

Financial Inclusion
The survey also shows the extent of physical as well as financial infrastructure development in India.

Using new geospatial methods, population density of select Indian cities is compared over time, showing the extent of urban expansion in up and coming urban conglomerates in Mumbai, Delhi-NCR and Bangalore between 2001 and 2021.

A comparison of the kharif crop cycle in Moga district, Punjab during 2005 and 2021, shows that kharif sowing cycle has shifted ahead by around two-to-three weeks causing the kharif harvest to almost coincide with Rabi sowing in November.
The closing of the gap is a likely factor that encourages farmers to burn stubble and may be related to restrictions on early transplanting of Kharif paddy, the survey said. These restrictions were introduced in 2009 in order to reduce pumping of ground-water but may have had the unintended consequence of damaging air quality.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.