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 Gross State Domestic Product (GSDP) growth rate recorded by the respective states in the financial year 2012-13 as on 01.08.2014. GSDP growth rate is a very important economic measure to gauge domestic production within the boundaries of a particular state, and gives a relative measure to compare the speed and acceleration of the economic activity in the various states of India.
The top 10 states of India, ranked on the criterion of Gross State Domestic Product (GSDP) growth rate recorded by the respective states in the financial year 2012-13 as on 01.08.2014, were: Bihar, Madhya Pradesh, Delhi, Tripura, Kerala, Odisha, Gujarat, Sikkim, Jharkhand and Mizoram. Thus, Bihar had the highest growth rate of 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 Gross State Domestic Product (GSDP) growth rate recorded by the respective states in the financial year 2012-13 as on 01.08.2014, were: Meghalaya, Tamil Nadu, Manipur, Jammu and Kashmir and Goa. Thus, Meghalaya had the lowest growth rate of GSDP amongst the various states of India.
While analyzing or comparing the growth rate of Gross State Domestic Product (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. Gujarat, Tamil Nadu or Maharashtra, may not translate into high growth rate of GSDP as compared to a smaller state or a state having lower growth rate in previous year e.g. Bihar, Delhi etc.