Question

Who undertakes the responsibility of calculating GDP

Answer 1

GDP in India is calculated by Central Statistics Office (CSO, Ministry of Statistics and Programme Implementation)

Answer 2

Gross domestic product (GDP) is the only standard indicator which is practiced across the world in order to symbolize the strength of a country's economy. Policy inventors, investors, bankers, businesses, and even the media maintain a tight vigilance on GDP calculations.

GDP may be simple to describe but it is very complicated to determine, and nations over the globe have distinct ways to approaches at their country's GDP. The Central Statistics Office (CSO), led by the Ministry of Statistics and Program Implementation, is solely accountable for macroeconomic data collection and analytical record preservation.