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Tuesday, 30 January 2018

National Income estimates in India are prepared by

  By GK Planet Team       Tuesday, 30 January 2018
Q. National Income estimates in India are prepared by

A. Planning Commission
B. Reserve Bank of India
C. Central statistical organisation
D. Indian statistical Institute

Answer: Central statistical organisation

During the post-independence period, the estimate of national income was primarily conducted by the National Income Committee. Later on, it was carried over by the Central Statistical Organisation.

Central Statistical Organisation

Since 1955 the national income estimates are being prepared by Central Statistical Organisation.
The Central Statistics Office is responsible for coordination of statistical activities in the country, and evolving and maintaining statistical standards. Its activities include National Income Accounting; conduct of Annual Survey of Industries, Economic Censuses and its follow up surveys, compilation of Index of Industrial Production, as well as Consumer Price Indices for Urban Non-Manual Employees, Human Development Statistics, Gender Statistics, imparting training in Official Statistics, Five Year Plan work relating to Development of Statistics in the States and Union Territories; dissemination of statistical information, work relating to trade, energy, construction, and environment statistics, revision of National Industrial Classification, etc.
The CSO is headed by the Director-General who is assisted by Five additional Director-Generals and four Deputy Director-Generals, six Joint Directors, seven special task officers, thirty deputy directors, 48 assistant directors and other supporting staff. The CSO is located in Delhi.

National income of India constitutes total amount of income earned by the whole nation of our country and originated both within and outside its territory during a particular year. The National Income Committee in its first report wrote, “A national income estimate measures the volume of commodities and services turned out during a given period, without duplication.”

The estimates of national income depict a clear picture about the standard of living of the community. The national income statistics diagnose the economic ills of the country and at the same time suggest remedies. The rate of savings and investment in an economy also depend on the national income of the country.
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