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8 May 2026 ECONOMY

The National Statistics Office (NSO) has notified uniform guidelines for the compilation of Gross State Value Added (GSVA), designating 2022-23 as the new base year.

It is to be noted that 34 States and Union Territories (UTs) currently use 2011-12 as the base year for Gross State Domestic Product (GSDP) estimates, except for Lakshadweep and Dadra and Nagar Haveli and Daman and Diu. The Ministry of Statistics and Programme Implementation (MoSPI) seeks to onboard all States and UTs under the new series.

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