Statistics ministry proposes common framework for state GDP estimates
In short
The statistics ministry has proposed a common way to calculate state GDP using an expenditure approach under the revised 2022-23 base year. The summary says no state currently measures private final consumption expenditure, so there is a gap.
This could make state GDP numbers easier to compare across India. The reporting does not say when the plan will start or whether states will accept it.
What the reporting says
The statistics ministry proposed a common framework to estimate state gross domestic product using an expenditure approach under the revised 2022-23 base year. The summary says no state currently compiles private final consumption expenditure, leaving a gap, and that administrative data could be used to allocate estimates across states and union territories. The immediate consequence would be more consistent GSDP comparisons, but the reporting does not say when the framework will be adopted.
Why it matters
The statistics ministry proposed a common framework for estimating state GDP, using an expenditure approach under the revised 2022-23 base year. The summary says no state currently compiles private final consumption expenditure, which creates a gap in state accounts. If adopted, the framework could improve consistency and comparability of GSDP estimates across India, but the reporting does not say when it will be implemented.