Annual Joint Discussions on Comparable Estimates of State Domestic Product (SDP) For FY 2022-23, 2023-24 and 2024-25 on New Base Year 2022-23 between the Officers of the DES of the States/UTs and National Accounts Division, NSO, MoSPI

**Executive Summary** The National Accounts Division (NAD) and State Directorates of Economics & Statistics (DESs) will conduct annual joint discussions from 20 May to 19 June 2026 to reconcile State Domestic Product (SDP) estimates for FY 2022-23, 2023-24, and 2024-25. Held at Khurshid Lal Bhawan, New Delhi, these sessions will focus on current price GSDP estimates using the new 2022-23 base year. The finalized data will serve as critical inputs for national fiscal planning and institutional use by the Finance Commission and the CAG. **Key Points / Main Content** **Objectives and Scope** * **Reconciliation:** The primary goal is to reconcile differences between SDP estimates compiled independently by States/UTs and the NAD, NSO. * **Fiscal Coverage:** Discussions focus on current price Gross State Domestic Product (GSDP) for the financial years 2022-23, 2023-24, and 2024-25. * **Base Year Revision:** All estimates will be deliberated based on the newly revised base year of 2022-23. **Schedule and Format** * **Venue:** Khurshid Lal Bhawan, MoSPI, New Delhi. * **Duration:** The exercise spans four weeks, with each round lasting three days for specific groups of States/UTs. * **Timeline:** * Round 1: 20 May – 22 May 2026. * Round 2: 03 June – 05 June 2026. * Round 3: 10 June – 12 June 2026. * Round 4: 17 June – 19 June 2026. **Methodology and Participation** * **Sectoral Deliberation:** Sectoral groups will review revised methodologies and data sources used for GSDP compilation. * **Coordination:** State/UT officials will work in close coordination with NAD officials. * **Finalization:** Senior officers from the respective DESs will join concluding sessions to finalize decisions regarding suggested revisions. **Impact Analysis** **Directorates of Economics & Statistics (DESs) of States/UTs** **Impact** State-level departments are responsible for aligning their independent economic estimates with national standards and the updated 2022-23 base year. **Action Required** Relevant officials must attend their assigned three-day discussion rounds in New Delhi to review data sources and finalize revisions with senior leadership. **National Accounts Division (NAD), NSO, MoSPI** **Impact** The NAD acts as the lead coordinating body to ensure uniformity and accuracy in economic data across all States and Union Territories. **Action Required** Organize the four-week discussion schedule and provide technical guidance on revised methodologies to facilitate reconciliation. **National Fiscal and Auditing Institutions (Finance Commission, DoE, Ministry of Finance, CAG)** **Impact** These institutions are secondary users who rely on the "comparable SDP estimates" emerging from these discussions for fiscal planning and oversight. **Action Required** Incorporate the finalized, reconciled GSDP data into national fiscal planning, expenditure management, and auditing processes.

Key Entities Referenced