Q. National Income estimates in India are prepared by ?
A) Planning Commission
B) Reserve Bank of India
C) Central statistical organisation
D) Planning change
✔ Correct Answer: Central statistical organisation
Exam Insight
National Income estimates in India are prepared by the Ministry of Statistics and Programme Implementation (MoSPI) through its National Statistical Office (NSO). This process involves collecting data from various sectors, such as agriculture, manufacturing, and services, and calculating economic metrics like Gross Domestic Product (GDP) using internationally accepted methodologies. These estimates provide a comprehensive picture of India's economic health and help in formulating economic policies, budget allocation, and development planning. They also assist policymakers and researchers in understanding income distribution, growth trends, and sectoral contributions to the economy.