Question Details

The value of the Gross Domestic Product (GDP) of India is published by PIB in ______.

Options

A

US Dollar

B

Yen

C

Yuan

D

Indian Rupee

Show Answer

Correct Answer :

Option D

Indian Rupee

Indian Rupee

Solution :

The correct answer is Indian Rupee.

Let's understand this step by step:

Step 1: What is GDP?
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period (usually a quarter or a year). It is one of the most important indicators of a nation's economic health.

Step 2: What is PIB?
PIB stands for Press Information Bureau. It is the nodal agency of the Government of India responsible for disseminating information to the print and electronic media about government policies, programmes, initiatives, and achievements. It functions under the Ministry of Information and Broadcasting.

Step 3: In which currency is India's GDP published?
Since the GDP figure represents the economic output of India, it is naturally measured and published in Indian Rupee (₹) — the official national currency of India. The Press Information Bureau (PIB) releases GDP data as computed by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), and this data is always expressed in Indian Rupees (both at current prices and at constant prices).

Step 4: Why not other currencies?
- US Dollar ($): Used by international organizations like the World Bank or IMF when comparing GDPs across countries, but not the official unit used by PIB for domestic publication.
- Yen (¥): The currency of Japan — not relevant to India's GDP reporting.
- Yuan (¥): The currency of China — not relevant to India's GDP reporting.

Conclusion:
The value of the Gross Domestic Product (GDP) of India is published by PIB in Indian Rupee (₹), which is the official and legal tender of India. This ensures consistency, accuracy, and national relevance in economic reporting.

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