Economics • Indian EconomyEasy
Which organization in India calculates and releases the Index of Industrial Production (IIP) monthly?
A. Reserve Bank of India
B. National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation✓ Correct Answer
C. NITI Aayog
D. Directorate General of Commercial Intelligence and Statistics
💡 Solution & Explanation
The National Statistical Office operating under the Ministry of Statistics and Programme Implementation compiles and releases the Index of Industrial Production monthly to track volume changes across manufacturing, mining, and electricity sectors. This economic indicator serves as a crucial barometer for assessing short-term industrial performance in India. Alternative agencies like the Reserve Bank formulate monetary policy rather than primary industrial output indices.
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