Release of Uniform Guideline for Compilation of Gross State Value Added (GSVA) Estimates with Base Year 2022-23

• MoSPI has released a Uniform Guideline for compiling Gross State Value Added (GSVA) estimates with revised base year 2022-23, standardising the framework used by States/UTs.
• The shift updates the National Accounts base year from 2011-12 → 2022-23 to reflect the current structure of the Indian economy, incorporating modern data sources and aligning with evolving international standards.
• For aspirants: a high-yield GS-III economy topic intersecting statistical governance, cooperative federalism, and methodology of GDP/GSDP estimation.