While calculating GDP of India at factor cost, Central Statistical Office assesses the performance of how many different industries?

Explanation

The correct answer is 8. Key Points While calculating the GDP of India at factor cost, Central Statistical Office assesses the performance of 8 different industries. Gross Domestic Product or GDP is a measure of the size of the economy, and the total economic activity in a country. It is the most important indicator of how a country is doing financially for several reasons. GDP is a very comprehensive indicator of economic health. There are three different ways of calculating GDP but they all lead to the same result. First , we can measure the value of goods and services produced in an economy. Second, we can measure the income received from producing goods and services. Third, we can measure how much is spent on goods and services. GDP is the internationally acknowledged indicator of how much a country is producing in a given year. Additional Information Central Statistical Office The Central Statistics Office coordinates the statistical activities in the country and evolves statistical standards. It is headed by a Director General assisted by 5 Additional Director Generals. CSO is responsible for the coordination of statistical activities in India, and for evolving and maintaining statistical standards. The CSO is located in Delhi.