National Income Statistics are computed by which of the following institutions in India?

Option 3 : National Statistical Office

The correct answer is National Statistical Office.

• National Income Statistics
  • National Income measures the total value of goods and services produced within the economy over a period of time.
  • There are three methods for measurement of National Income:
  1. Product Method
  2. Income Method
  3. Expenditure method 
  • The national income in India is calculated by the National Statistical Office.
• Significance of National Income Statistics
  • National Income Statistics are very helpful to the finance minister to formulate policies.
  • It guides him to make the proper and right decisions in regard to taxation and budgets.
  • It provides an instrument for economic planning.
  • It indicates trends of inflation and deflation.
  • It is useful to compare the prosperity of a country at different times.  

• National Statistical Office (NSO)
  • In 2019 government merge the National Sample Survey Office (NSSO) with Central Statistics Office (CSO) to form National Statistical Office (NSO).
  • It works under the ministry Ministry of Statistics and Program Implementation.
  • Headquarters: New Delhi
  • Chairman: G P Samanta