Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

State GDP Growth Rates in India – Infographic

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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.

State GDP Growth rates[source : Economic Times]

Key Points from the State GDP Growth Rates in India

 

– 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.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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