The Economic Times

Govt issues uniform guideline for measuring states' GDP with revised base year of 2022-23

The Statistics Ministry has released new guidelines for calculating states' Gross State Domestic Product. The base year for these calculations is now 2022-23. This change ensures all states and Union Territories use a standardized framework. This will allow for better comparison of economic performance across regions. The move aims for greater accuracy and consistency in assessing regional economies.