Economics • Indian EconomyEasy
Which organization in India calculates and releases the Index of Industrial Production (IIP) on a monthly basis?
A. Reserve Bank of India (RBI)
B. National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation✓ Correct Answer
C. NITI Aayog
D. Securities and Exchange Board of India (SEBI)
💡 Solution & Explanation
The Index of Industrial Production is compiled and published monthly by the National Statistical Office under the Ministry of Statistics and Programme Implementation. Other financial regulators like the Reserve Bank of India or the Securities and Exchange Board of India focus on monetary policy and capital markets rather than compiling industrial volume statistics. Understanding this release helps aspirants analyze core sector growth trends for civil services examinations.
More Economics Indian Economy questions
- Which taxation head constitutes a major component of the state's own tax revenue (SOTR) collected directly by…
- What does the 'Fiscal Deficit' in the Union Budget represent?
- Which institution in India is statutorily responsible for formulating and releasing official estimates of…
- What is the primary operational objective of the 'Deendayal Antyodaya Yojana - National Rural Livelihoods…
- What does the 'Fiscal Responsibility and Budget Management (FRBM) Act, 2003' mandate for the Indian economy?