Economics • Indian EconomyEasy
Which organization in India is statutorily responsible for calculating and publishing the official national income estimates, including Gross Domestic Product (GDP)?
A. Reserve Bank of India
B. NITI Aayog
C. National Statistical Office✓ Correct Answer
D. Ministry of Finance
💡 Solution & Explanation
The National Statistical Office functions under the Ministry of Statistics and Programme Implementation to collect, compile, and publish official macroeconomic aggregates including GDP figures. The Reserve Bank of India manages monetary policy and banking regulation rather than national income accounting. Reliable national income data is vital for formulating fiscal policies and development plans.
More Economics Indian Economy questions
- In the context of the National Statistical Office (NSO) data releases in India, what does the 'Index of…
- Which of the following indices is published by the Reserve Bank of India to track consumer confidence across…
- Under which Article of the Constitution of India was the Goods and Services Tax (GST) Council constituted?
- The NK Singh Committee, constituted by the Government of India in 2016, was appointed to review which of the…
- The 'PM-PRANAM' scheme, introduced by the Government of India, primarily aims to achieve which of the…