The Central Statistical Organisation (CSO) has released a revised state level GDP data for the last three years. The below infographic shows Which state have done worst and which have proved strong and resilent.
[source : Economic Times]
Key Points from the State GDP Growth Rates in India[wp_ad_camp_5]
– Tamil Nadu has suffered the worst growth collapse among the 17 large states: from 13.12% in 2010-11 to just 4.14% in 2012-13, a fall of two-thirds.
– Bihar shows strong GDP figures. It maintains doubledigit growth and topping the states’ ranking in 2012-13 with 14.48%.
– Bimaru states — (Bihar, Madhya Pradesh, Odisha, Rajasthan, UP, Chhattisgarh and Jharkhand) — slowed much less than the advanced states of the west and south
– Growth in the Bimaru belt averaged a whopping 9.6% against just 5.6% for the west and south.
-Raghuram Rajan estimates that one-third of India’s GDP slowdown is due to the global slowdown.
-Tamil Nadu has slowed most, but Karnataka has also slowed from 10.15% in 2010-11 to 6.19% in 2012-13.
-Andhra Pradesh has almost halved its growth rate from 9.66% in 2010-11 to 5.04% in 2012-13.
– Kerala’s data for 2012-13 is not available. It is probably more resilient than the other southern states because of its big dependence on remittances from NRIs, which have not fallen.
– The western states also slowed in these two years, but not as sharply as in the south. Maharashtra slowed from 10.24% to 7.13%, a fall of onethird
-Gujarat’s data for 2012-13 is not yet available, but it has probably followed Maharashtra’s trajectory.