Satellite lights, Google searches cut state growth estimation errors by up to 62%: RBI study
RBI study indicates that combining night-time light data with Google search trends can improve state economic growth estimates. Researchers tested their model in Gujarat, Maharashtra, and Karnataka, showing significant reductions in forecasting errors. This framework could help provide timely economic insights, as state data is often delayed. Night-time illumination proved to be a strong…
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
