On February 18, the Reserve Bank of India (RBI) introduced the RBIDATA mobile app in its bid to provide financial and macroeconomic data more broadly. The new application provides an intuitive and easy-to-use platform for anyone who wishes to learn about the data that influences the economy of India.
The RBIDATA app provides access to more than 11,000 economic data sets, which present a clear and holistic perspective of India's finances. It displays time-series data in interactive charts and graphs, which is simpler to analyze for trends. Data can be downloaded for further analysis, with each package containing important information such as source, update frequency, and unit of measurement to avoid confusion. As a researcher, student, or simply an interested individual who wants to understand the economy, RBIDATA makes it simpler to access economic data and easier to understand.
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The app also has a "Popular Reports" section, providing quick access to frequently accessed data, and a quick search function by which users can locate specific data directly from the home screen, making navigation easy.
In addition, the users can spot financial institutions located within a distance of 20 kilometers through the Banking Outlet function of the application, which ensures that they easily locate the required services around them. It helps consumers gain a better regional perception of economic transitions by including figures on SAARC nations in conjunction with Indian numbers.
Through this mobile app, the RBI wants to provide economic information in a readily accessible form to the public at large, scholars, and students. RBIDATA provides quick access to key economic information and can be downloaded on Android and iOS phones (version 12 and above).
