PATIL HIRAN JAJOO & CO CHARTERED ACCOUNTANTS
PATIL HIRAN JAJOO & CO CHARTERED ACCOUNTANTS
February 20, 2025 at 08:48 AM
*RBI's new app provides easy access to GDP, inflation & other macroeconomic, financial data* The Reserve Bank of India on Tuesday unveiled RBIDATA, a mobile app designed to provide users with easy access to macroeconomic and financial statistics related to the Indian economy. The app aims to make economic data more accessible and user-friendly by presenting it in a visually engaging format. RBIDATA offers over 11,000 different series of economic data, covering a wide range of areas to give users a comprehensive view of India’s economy, said the central bank in a statement. Moreover, with this app, users can view time series data through interactive graphs and charts, and also download data for further analysis. *_Popular Reports, Banking Outlet & other features_* One of the key features of the app is its detailed breakdown of each data set. Information such as the data source, unit of measurement, frequency, and the latest updates are clearly provided, along with additional notes that help users understand the graphs and charts more effectively. The central bank's new mobile app also includes a ‘Popular Reports’ section, which highlights frequently viewed reports, making it easier for users to access commonly referenced information. The ‘Search’ function enables users to quickly locate specific data directly from the home screen without having to navigate through various sections or publications. For those seeking banking services, the app features a ‘Banking Outlet’ section, allowing users to locate banking facilities within a 20-kilometer radius of their current location. This addition is expected to make it easier for individuals and businesses to find nearby banking services. Additionally, RBIDATA provides access to economic data from SAARC (South Asian Association for Regional Cooperation) countries, through the 'SAARC Finance' link, promoting a wider regional perspective on economic trends.

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