MoSPI Releases GSVA Compilation Guidelines Base 2022-23

MoSPI releases uniform guidelines for compiling Gross State Value Added (GSVA) estimates with new base year 2022-23.
The update aims to improve accuracy by incorporating modern data sources and aligning with revised national accounts.
GSDP is critical for fiscal devolution, state borrowing limits, and inter-state comparisons by Finance Commission and Ministry of Finance.
All 34 States/UTs are being onboarded to ensure complete national coverage and uniformity in regional accounts statistics.