India's national income is estimated primarily by which agency?
- ANational Statistical Office (NSO) (earlier CSO)
- BMinistry of Finance
- CReserve Bank of India (RBI)
- DNITI Aayog (Planning Commission)
Show answer and explanation
Correct answer: (a) National Statistical Office (NSO) (earlier CSO)
Explanation
India's national income (GDP, GVA and related aggregates) is estimated by the National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation. The NSO was formed in 2019 by merging the Central Statistical Office (CSO), which earlier made these estimates, with the National Sample Survey Office (NSSO).
The Ministry of Finance uses these estimates in the budget and the Economic Survey, and the RBI uses them for monetary policy, but neither compiles them.