The National Income Estimation in India is the Responsibility of?

By Manesh Singh|Updated : July 22nd, 2022

Central Statistical Organization (CSO)calculates the National Income Estimation. In the earlier post-independence period, the National Income Committee primarily estimated national income. To estimate national income in India, the National Income Committee applied a mixture of the 'Product Method' and the 'Income Method'. This Committee divided the entire economy into 13 sectors.

The National Income Unit of the Central Statistical Organization (CSO) is nowadays entrusted with the measurement of national income. Here this unit of CSO estimated the major part of national income from various sectors like agriculture, forestry, animal husbandry, fishing, mining, and factory establishments with the help of the production method.

Important Facts on Methods of National Income Estimation

Check the important facts on the Method of National Income Estimation that will help you understand the calculation method.

  • The output method is used for six sectors: animal husbandry, agriculture, fishery, forestry, mining, and factory establishments.
  • The income methods are used for the remaining seven sectors, i.e., small enterprises, commerce, transport and communications, banking and insurance, professions, liberal arts, domestic services, house property, public authorities, and the rest of the world.
  • One of the units of CSO also calculates the remaining sector's national income by different methods.
  • The CSO has three different series for India's national income estimates, i.e., Conventional Series, Revised Series, and New Series.

Summary:

The National Income Estimation in India is the Responsibility of?

The cabinet secretariat set up the central statistical organization responsible for statistical activities in India on 2 May 1951. The national income estimation is the responsibility of the central statistical office.

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The National Income Estimation in India is the Responsibility of FAQs

  • The Central statistical organization is responsible for statistical activities in India, which was set up by the cabinet secretariat on 2 May 1951. The national income estimation is the responsibility of the central statistical office.

  • In May 2019, NSSO was merged with the Central Statistics Office (CSO) to form National Statistical Office (NSO).

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