MasteryExams
Economics • Indian EconomyEasy

Which organization in India is statutorily mandated to calculate and release the national income aggregates like GDP, GNP, and NNP?

A. Reserve Bank of India
B. NITI Aayog
C. National Statistical Office (NSO)✓ Correct Answer
D. Ministry of Finance

💡 Solution & Explanation

The National Statistical Office under the Ministry of Statistics and Programme Implementation is statutorily tasked with computing national accounts aggregates like GDP, GNP, and NNP. The Reserve Bank of India manages monetary policy, while NITI Aayog serves as a policy think tank without direct statistical compilation duties. The NSO was formed through the merger of the Central Statistical Office and the National Sample Survey Office.

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