Ministry of Statistics and Programme Implementation (MoSPI) issues draft guidelines for expenditure-side GSDP estimates under base year 2022-23

Key facts

• The Ministry of Statistics and Programme Implementation (MoSPI) released draft guidelines for compiling Gross State Domestic Product (GSDP) estimates from the expenditure side with base year 2022-23.
• The draft guidelines aim to provide a uniform and comprehensive framework across States and Union Territories (UTs) to ensure consistency, comparability and methodological standardisation under the revised base year framework.
• GSDP is presently estimated primarily using the production approach, and no state or UT currently compiles Private Final Consumption Expenditure (PFCE) estimates, though some compile Government Final Consumption Expenditure (GFCE) and Gross Fixed Capital Formation (GFCF).
• The draft guidelines cover concepts, coverage, data sources, estimation procedures and methodologies for major expenditure components including PFCE, GFCF, GFCE and Net Exports.
• MoSPI has sought stakeholder feedback on the draft guidelines by October 28.