India Standardizes State Economic Measurement and Modernizes Postal Logistics
India standardizes state economic data with new GSDP guidelines while modernizing postal logistics for e-commerce growth.
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India Overhauls State GDP Calculation with New Uniform GSDP Framework
Standardizing Economic Metrics The Indian Ministry of Statistics and Programme Implementation (MoSPI) has officially mandated a new, uniform framework for calculating Gross State Domestic Product (GSDP), establishing 2022-23 as the definitive base year for all states and union territories. Announced this week in New Delhi, the initiative aims to eliminate statistical discrepancies and ensure high-level…