The Ministry of Statistics & Programme Implementation announced on 9 October 2026 the release of draft guidelines for calculating Gross State Domestic Product (GSDP) using the expenditure approach with a 2022-23 base year. These guidelines provide a standardized framework for States and Union Territories to estimate economic activity, specifically introducing methods for Private Final Consumption Expenditure, which no State currently compiles. Stakeholders are invited to provide feedback on the draft by 28 October 2026. This initiative aims to align state-level statistical practices with national standards.
Key points
- Base Year for GSDP estimates: 2022-23
- Deadline for stakeholder feedback: 28 October 2026
- Covers PFCE, GFCE, GFCF, Changes in Inventories, Valuables, and Net Exports
- Aims to standardize GSDP compilation across all States and Union Territories
When it applies
- feedback from stakeholders on the draft guideline
Who it affects
- States and Union Territories