Economy News

Uniform GSVA Guidelines

May 15 , 2026 15 hrs 0 min 87 0

The National Statistics Office (NSO) introduced uniform guidelines for compiling Gross State Value Added (GSVA) estimates with 2022–23 as the new base year.
The new framework aims to improve the accuracy, consistency, and comparability of Gross State Domestic Product (GSDP) estimates across all States and Union Territories (UTs).
The revised method replaces single-deflation with revaluation, double deflation, and volume extrapolation methods for constant-price estimates.
The framework uses data sources such as Goods and Services Tax (GST), Annual Survey of Industries (ASI), Periodic Labour Force Survey (PLFS), and Annual Survey of Unincorporated Sector Enterprises (ASUSE).
Gross State Value Added (GSVA) measures the value of goods and services produced in a State after deducting input costs.