Who is responsible for measuring the GDP in India?
A
State government
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B
Central government
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C
World bank with the help of the central government
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D
Central government with the help of state governments and union territories
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Solution
The correct option is C Central government with the help of state governments and union territories The Central Statistics Office (CSO), under the Union Ministry of Statistics and Program Implementation, is responsible for macroeconomic data gathering and statistical record keeping. Its processes involve conducting an annual survey of industries and compilation of various indexes like the Index of Industrial Production, Consumer Price Index etc.
The CSO coordinates with various federal and State government agencies and departments to collect and compile the data required to calculate the GDP and other statistics.