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Govt resets state GDP measurement to 2022 23 base year for fairer comparisons nationwide

Economy
Published on 7 May 2026
Govt resets state GDP measurement to 2022 23 base year for fairer comparisons nationwide

Standard method now uses a brand new baseline year

India’s Statistics Ministry has issued uniform guidelines to calculate Gross State Domestic Product using a revised base year of 2022-23. The update brings all states and Union Territories under one standardized framework, improving consistency and accuracy in regional economic estimates. With the new baseline, comparisons of growth and performance across regions are expected to become more reliable and meaningful.

  • States and Union Territories will use a single GDP calculation framework
  • Revised base year set to 2022-23 for all estimates
  • Better consistency aims to improve accuracy of regional comparisons
  • Standardization should make economic performance tracking more reliable
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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