Economics • Indian EconomyEasy
Which of the following bodies is responsible for calculating and publishing the Index of Industrial Production (IIP) in India?
A. Reserve Bank of India (RBI)
B. National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation✓ Correct Answer
C. Securities and Exchange Board of India (SEBI)
D. Department for Promotion of Industry and Internal Trade (DPIIT)
💡 Solution & Explanation
The Index of Industrial Production is compiled and published monthly by the National Statistical Office functioning under the Ministry of Statistics and Programme Implementation to track manufacturing activity trends. Monetary authorities like the central bank utilize this industrial data while formulating broader macroeconomic policies. The IIP serves as a key economic indicator for measuring short-term changes in output within the industrial sectors.
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