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 predictor of Gross State Value Added growth.

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