Friday, March 29, 2024

Prime Minister pitches for evidence-backed policymaking by 2022

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Prime Minister Narendra Modi on Thursday asked the government’s statutory auditor, the Comptroller and Auditor General of India (CAG), to assist the Centre in framing more effective policies with insights from analysing big data.

“By 2022, evidence-based policy making should be made part of governance,” Modi said.

Addressing a conference of state accountants general in New Delhi, PM Modi said the government was working on integrating and analysing the massive amounts of data generated by various arms of the government, which will provide insights into making better and more fruitful policies.

Abhijit Banerjee, who won the Nobel Prize for economics this year, is an ardent advocate of evidence-based public policies. Banerjee conducts randomized controlled trials, a practice widely used in drug discovery, wherein results of an experimental drug is compared with that of a placebo, to test the effectiveness of various policies and welfare measures.

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