Economics • Indian EconomyMedium
Which organization in India compiles and releases the 'Index of Industrial Production (IIP)', and under which ministry does it operate?
A. National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI)✓ Correct Answer
B. Reserve Bank of India (RBI) under the Ministry of Finance
C. Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry
D. NITI Aayog under the Cabinet Secretariat
💡 Solution & Explanation
The Index of Industrial Production is compiled and released monthly by the National Statistical Office operating under the Ministry of Statistics and Programme Implementation. Alternative agencies like the RBI or DPIIT handle monetary policy and industrial licensing rather than publishing this specific headline indicator.
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