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State Income Division




Gross State Domestic Product:

GSDP is defined as the total market value of all final goods and services produced within the state in a given period of time, usually a year. It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, measured on monetary terms.

GSDP is an important indicator to measure the growth of different sectors of economy and socio-economic development. Thus, the GSDP estimates are very important for policy makers, administrators, planners and researchers.

Working Procedure:

This division prepares the Estimates of Gross State Domestic Product for Primary, Secondary and Tertiary sectors according to the guidelines provided in SNA (System of National Accounts) 2008 and by the Central Statistics Office (CSO), New Delhi. The Sources & Methodology is mentioned in the publication “ESTIMATE OF STATE DOMESTIC PRODUCT OF CHHATTISGARH” appearing in homepage of this website.

After collection and verification of the data from time to time, state income division prepares estimates at factor cost usually in the month of January-February every year. These estimates are discussed and verified by CSO during comparable discussion generally in the month of April-May every year.

Advance estimates prepared in the current year is finalized in the forthcoming third year after discussion with CSO. For instance, an Advance GSDP estimate for the year 2013-14 has been prepared in the month of January 2014. In January 2015, a Quick estimate will be prepared for the same year. Similarly, In January 2016, a provisional estimate will be prepared for the year 2013-14 and finally In July 2016, GSDP estimates for the year 2013-14 would be finalized after discussion with CSO. In short,

2013-14 (AE)

Prepared in the month of January 2014 & discussed with CSO in May 2014.

2013-14 (QE)

Will be prepared in the month of January 2015 & will be discussed with CSO in April-May 2015.

2013-14 (PE)

Will be prepared in the month of January 2016  

2013-14 (FE)

Estimates prepared in Jan-Feb 2016 will be discussed with CSO in April-May 2016 and Finalized.

AE-Advance Estimates QE-Quick Estimates PE-Provisional Estimates FE-Final Estimates

Note: All estimates prepared in the month of January-February every year are discussed in an event called “Comparable Discussion” organized by CSO generally in the month of April-May every year.

Main activities:

(i) Collection of data from different departments for GSDP estimation.

(ii) Collection, compilation and Analysis of Govt. Budget Analysis, Local Bodies.

 

(iii) Collection & compilation of Annual Survey of Industries (ASI).

(iv) Analysis of All India Index of Industrial Production (IIP) with respect to our state.


Publication: State Income division of DES (Directorate of Economics & Statistics, Chhattisgarh) publishes a yearly publication “Estimate of State Domestic Product of Chhattisgarh” at current and constant prices.