Q7 · UPSC current affairs · 8 October 2026 · News · Services Sector Index Expansion

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English हिंदी

Consider the following statements regarding economic data compilation in India:1.The Ministry of Statistics and Programme Implementation (MoSPI) plans to expand the monthly Services Sector Index to cover 80% of the sector's Gross Value Added (GVA).2.The Reserve Bank of India compiles national GDP and GVA estimates in India instead of MoSPI.Which of the statements given above is/are correct?

A 1 only

B Both 1 and 2

C 2 only

D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as MoSPI plans to expand the monthly Services Sector Index to cover 80% of the sector's GVA. Statement 2 is incorrect because MoSPI compiles national GDP and GVA estimates in India, not the Reserve Bank of India.

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