SSC
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
CSO
|
|
|
NSSO
|
|
|
IMF
|
|
|
RBI
|
Detailed explanation-1: -Ministry of Industry for the WPI. Estimates of GDP are made through indirect methods. For the current year estimates of GDP at constant prices are made through extrapolating the benchmark data with the IIP data at 2-digit level industry groups.
Detailed explanation-2: -The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for calculating the GDP of India, macroeconomic data gathering, and statistical record keeping.
Detailed explanation-3: -4. Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹272.04 lakh crore, as against the First Revised Estimates of GDP for the year 2021-22 of ₹234.71 lakh crore. The growth in nominal GDP during 2022-23 is estimated at 15.9 per cent as compared to 18.4 per cent in 2021-22.
Detailed explanation-4: -The Output Method (all value added by each producer), The Income Method (all income generated) and. The Expenditure Method (all spending).