Thapar Institute of Engineering & Technology partners with Ministry of Statistics and Programme Implementation to build a predictive framework for India's household consumption data

India, Sept. 4 -- The research study will develop predictive and analytical models for monthly household consumption expenditure, sharpening the evidence base for poverty estimation and economic planning at a time when private consumption powers over three fifths of India's GDP

Patiala : Thapar Institute of Engineering & Technology (TIET), Patiala has signed a Memorandum of Understanding with the Ministry of Statistics and Programme Implementation (MoSPI), Government of India, to undertake a research study on the development of a Predictive and Analytical Framework for Monthly Consumption Expenditures in India. The MoU reflects the growing collaboration between MoSPI and academic institutions and marks yet another initiative on the innovat...