Which of the following organizations calculates the National Income of India ?

Key Points

• The Central Statistical Organisation (CSO) is responsible for calculating the National Income of India.
• It operates under the Ministry of Statistics and Programme Implementation (MoSPI).
• The CSO uses various economic data, including GDP, GVA, and other macroeconomic indicators, for calculating national income.
• The methodology for National Income estimation follows international standards like the United Nations System of National Accounts (UNSNA).

Important Points

• The estimation of National Income includes calculations of GDP (Gross Domestic Product), GNP (Gross National Product), and NNP (Net National Product).
• The National Income data is crucial for policymaking, economic analysis, and understanding the overall economic health of the country.

Additional Information

• Ministry of Commerce and Industry: This ministry is responsible for formulating and implementing policies related to trade, commerce, and industry.
• Indian Statistical Institute (ISI): The ISI is a prestigious institution for research and training in statistics, mathematics, and computer science. While it contributes to statistical research.
• Reserve Bank of India (RBI): The RBI is India's central bank, responsible for monetary policy, currency issuance, and financial regulation.