Important Facts For Prelims
IMF’s Special Data Dissemination Standard
- 26 Aug 2019
- 1 min read
According to the International Monetary Fund’s (IMF), “Annual Observance Report of the Special Data Dissemination Standard for 2018”, India failed to comply with multiple requirements prescribed in the Special Data Dissemination Standard (SDDS).
- The IMF launched the SDDS initiative in 1996 to guide members to enhance data transparency and help financial market participants with adequate information to assess the economic situations of individual countries.
- There are over 20 data categories which IMF considers for this report to capture a nation’s economic health including national accounts (GDP, GNI), production indices, employment, and central government operations.
- India subscribed to the SDDS on December 27, 1996.
- India held that its non-compliance with IMF standards is one-off event due to technical glitches in the National Summary Data Page (NSDP) web page.
- National Summary Data Page (NSDP) provides quick access to a single comprehensive source of economic and financial data.
