Statistics ministry proposes common framework to calculate state GDP
The statistics ministry has proposed a common framework for estimating state gross domestic product. This framework uses an expenditure approach under the revised 2022-23 base year. Currently, no state compiles estimates of private final consumption expenditure, creating a gap. Proposed methods include using administrative data to allocate estimates across states and union territories. This…
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
