<h1>RBI Deputy Governor Stresses Importance of Statistics in Monetary Policy; AI and Big Data Enhance Decision-Making.</h1> The Deputy Governor of the Reserve Bank of India highlighted the critical role of statistics in formulating monetary policy during a speech at the Statistics Day Conference. He emphasized how statistics help navigate uncertainties and inform decisions on growth and inflation, despite data often being outdated or subject to revisions. The RBI employs a comprehensive approach, utilizing corporate and external sector statistics, forward-looking surveys, and advanced forecasting techniques to guide policy decisions. The integration of artificial intelligence and big data is enhancing the efficacy of these processes, enabling more precise and timely policy responses.