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Gated Communities and Diary Diaries | India News
The government’s stats ministry is testing a radical new twist on household spending surveys: letting wealthy residents in gated communities log their own expenses in real time via tablets or apps, tackling the big problem of low survey participation and recall errors. While this diary-style method could boost accuracy for high-income households — crucial for inflation and RBI policy — it risks creating data gaps if not seamlessly merged with traditional survey data. The pilot aims to roll out before 2028’s major consumption survey, but officials face a tough balancing act to ensure every…
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