Which of the following organizations in India is statutorily responsible for compiling and publishing the official national income estimates, including Gross Domestic Product (GDP)?

💡 Solution & Explanation

The National Statistical Office, operating under the Ministry of Statistics and Programme Implementation, is statutorily tasked with compiling and publishing official macroeconomic aggregates including Gross Domestic Product and national income. It was formed through the merger of the Central Statistics Office and the National Sample Survey Office to streamline statistical data collection. The Reserve Bank of India utilizes these statistics for formulating monetary policy but does not compile them. Statistical institutions and their parent ministries frequently appear in economics questions.