Ashoka Reflections_SEPTEMBER 2023

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In Focus

Centre for Economic Data

and Analysis (CEDA):

Facilitating Informed Debate

About Economic and Social

Developments in India

Ashoka Reflections | Page 06

Ashwini Deshpande

Head of the Department, Economics and

Professor of Economics | Ashoka University

“Data is the new oil”. I am sure you have heard this a lot. What does this actually mean? The word “data” is an

oft-used but somewhat amorphous word, which has several different meanings and functions. Data is

information. Data is a commodity. Data is power.

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