GOVERNMENT
OF INDIA
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GOVERNMENT
OF INDIA
The various states of India, including the national capital territory of Delhi, have been ranked on the criterion of growth rate of Services Gross State Domestic Product (GSDP) recorded by the respective states in the financial year 2012-13 as on 01.08.2014. The growth rate of Services GSDP is a very important economic measure to assess the value addition of various services sector activities within the boundaries of a particular state, and gives a relative measure to compare the speed and acceleration of the Services sector, which provides employment to a large number of persons, in the various states of India.
The Top 10 states of India, ranked on the criterion of growth rate of Services Gross State Domestic Product (GSDP) recorded by the respective states in the financial year 2012-13 as on 01.08.2014, were: Bihar, Tripura, Gujarat, Jharkhand, Mizoram, Karnataka, Delhi, Goa, Maharashtra and West Bengal. Thus, Bihar had the highest growth rate of Services GSDP and was on the top rank amongst the various states of India.
The 5 states having the lowest ranks among the various states of India, when ranked on the criterion of growth rate of Services GSDP recorded by the respective states in the financial year 2012-13 as on 01.08.2014, were: Arunachal Pradesh, Meghalaya, Kerala, Manipur and Tamil Nadu. Thus, Arunachal Pradesh had the lowest growth rate of Services GSDP amongst the various states of India.
While analyzing or comparing the growth rate of Services GSDP, we have to keep in mind the base effect i.e. a higher total growth in absolute terms recorded by a big state e.g. Tamil Nadu or Andhra Pradesh may not translate into high growth rate of Services GSDP as compared to a smaller state or a state having lower growth rate in previous year e.g. Bihar, Tripura etc.