Bihar Tops The List In State’s Growth Rate, Gujarat Drops To 10th In Ranking

The Logical Indian

July 14th, 2016 / 5:45 PM

Source: Times of India | Image Courtesy: wsj oneindia

Chief Minister Anandiben Patel will be under increased pressure after the rankings for state growth were out for 2014-15. In 2014-15, Gujarat has recorded one of the lowest ever growth rate in terms of Gross State Domestic Product (GSDP) at 7.7%. Gujarat, which used to come among the top 5 states in the country in terms of GSDP, has dropped to 10th position in 2014-15, according to recently released data by Ministry of Planning.


Nitish Kumar’s Bihar grabs top spot
Surprisingly, Nitish Kumar’s Bihar the top position in terms of GSDP growth in 2014-15 having a growth rate of 15.6%. During Chief Minister Narendra Modi’s rule in 2012-13, Gujarat held the second rank with a growth rate of 10.8%, reported the  Times of India.


Faltering numbers
According to estimates based on constant prices, the GSDP growth of Gujarat in 2015-16 stood at mere 6.7%, lowest in last 10 years. It was 7.7% in 2014-15; 8.3% in 2013-14; and 10.8% in 2012-13, according to the data of ministry of planning. The size of the state GSDP in 2015-16 (according to advance estimates) is expected to be Rs 9,84,971 crore.

City-based sociologist and economist Ghanshyam Shah told Times of India,

“The kind of industrial policy has been adopted in Gujarat which only promoted big industries can be one of the factors behind the slow-paced growth. Because, those industries, which first promised to give employment to locals, but did not fulfill it later, only proved to be capital intensive industries rather than a labour-centric industries.”

He also blamed land agitations that have been taking place for the last two years are having a negative impact on investment.


Contributors

Edited by :

Share your thoughts..

Related Stories

Fact Check: In Whose Tenure Did ‘Exports’ Grow Faster?

RBI Study Shows Major Fall In Rural Wages Since 2014

Delhi Economic Survey 2017-18: City’s Per Capita Income Grows Almost Three Times The National Average

GDP

Good News: India’s GDP Growth Rate At 6.3% In Quarter 2, Shows Sharp Economic Rebound

Which Is A Model State For India? Gujarat, Maharashtra, Tamil Nadu Or Kerala?

Karnataka Accounts For 44% Of India’s Investment Plans: Union Commerce Ministry

Latest on The Logical Indian

Get Inspired

From Working In A Dhaba To Partcipating In Asian Games, Kavita Thakur Proves Nothing Is Impossible

Get Inspired

Kerala Floods: Mankind Puts Best Foot Forward, Help Pours In At The Time Of Crisis

Awareness

The Poet In Politics: A Tribute To One Of Country’s Most Respected Leaders

News

RTI Response Proves There Was Oxygen Shortage In BRD Hospital, Dr Kafeel Khan Arranged For Cylinders

News

MHA To Honour Good Samaritans With ‘Jeevan Rakshak Padak’: Nitin Gadkari

World Affairs

Kofi Annan, Former UN Secretary General And Nobel Laureate Passes Away At 80

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.