#Bihar and Andhra Pradesh led the pack among States in terms of #GDP growth in #financial year 2017-18, clocking 11.3% and 11.2% #growth, respectively, compared with the national GDP growth of 6.7% for the year, according to a report by Crisil.
According to the report, 12 of the 17 general category States grew faster than the national growth rate.
However, it noted that this growth was not equitable, with the gap between the per capita incomes in low-income and high-income States widening over the last five years.
The analysis found that between the financial years 2012-13 and 2016-17, Gujarat, Madhya Pradesh and Karnataka were the fastest growing states, on average.
While all three managed to maintain their GSDP (Gross State Domestic Product) growth higher than the all-India GDP growth in 2018, only #Gujarat remained in the top three. Madhya Pradesh and Karnataka both saw their rankings slip to 9 and 4, respectively.
The States at the bottom, similarly, saw a reversal of fortunes. West Bengal, Jharkhand and Bihar had ranked at the bottom in the past five years. In financial year 2017-18, however, Bihar rose to the top spot and West Bengal rose to the sixth rank, with a growth of 9.1%, significantly stronger than the national GDP growth rate. Jharkhand, however, remained at the bottom.
Source: The Hindu
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