Economics • Indian EconomyEasy
Which of the following bodies is responsible for calculating the Index of Industrial Production (IIP) in India?
A. Reserve Bank of India
B. National Statistical Office (NSO)✓ Correct Answer
C. NITI Aayog
D. Securities and Exchange Board of India
💡 Solution & Explanation
The Index of Industrial Production is compiled and released on a monthly basis by the National Statistical Office under the Ministry of Statistics and Programme Implementation. It serves as a crucial macro-indicator measuring short-term changes in the volume of industrial output.
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