India, April 7 -- The Government of India has issued a release:
The Ministry of Statistics and Programme Implementation (MoSPI) has revised the base year of National Accounts to 2022-23, with the objective of more accurately reflecting the current structure of the economy, incorporating updated data sources and aligning estimation practices with evolving international standards. In alignment with the Gross Domestic Product (GDP) at National level, the base year for Gross State Domestic Product (GSDP) will also be revised by States/UTs to ensure more accurate, consistent and comparable estimates of the States' economic performance over time.
In order to help the States/UTs to understand the changes introduced at the National level and for ...