Publication Date : 10-05-2013
Indian state of Bihar, closely followed by Uttarakhand, Tamil Nadu and Maharashtra, has emerged ‘numero uno’ in registering the fastest growth in per capita incomes during 2004-05 and 2011-12, according to a study brought out by The Associated Chambers of Commerce & Industry of India (Assocham).
Releasing the report, the Chamber Secretary General D S Rawat said, Bihar registered 95.4 per cent increase from the level of 7,814 Indian rupees (US$144.49) in 2004-2005 to 15,268 Indian rupees (US$282.32) in 2011-2012 as against 23.7 percent in Jharkhand which ranked lowest amongst the twenty States studied by the Chamber.
The second fastest growing States in terms of per capita incomes, Uttarakhand grew by 93.4 per cent from 24,726 Indian rupees (2004/5) to 47,831 Indian rupees in 2011-12, highlights the study.
Tamil Nadu and Maharashtra also came under the bracket of the States registering the growth of more than 80 per cent per capita income between the same period while the per capital incomes grew by 87.8 per cent in Tamil Nadu it was 80.8 per cent in Maharashtra during the same period.
It was observed that the state's economies are increasingly turning service intensive. The Services sector has consistently factored in the growth story of all the states. Though, contribution of industry to Gross State Domestic Product (GSDP) is seen as increasing, growth performance of state economies is linked more closely to the performance of its services sector. The distinction between the growth leaders and below average performers is primarily explained by the performance of the services sector.
For example, Rawat said, Karnataka slipped from the group of progressive states due to the poor performance registered by its services sector, Industry and mining sector.
The growth in per capita incomes in descending order in other states studied were -- Andhra Pradesh 68.7 per cent, Kerala 67.6 per cent, Haryana 66.6 per cent, Gujarat 64.6 per cent, Chattisgarh 59.7 per cent, Madhya Pradesh 59.3 per cent, All India 57.4 per cent, Karnataka 55.0 per cent, Odisha 54.8 per cent, Himachal Pradesh 53.0 per cent, West Bengal 51.1 per cent, Rajasthan 47.7 per cent, Punjab 41.0 per cent, Uttar Pradesh 39.8 per cent, Assam 36.8 per cent, J&K 35.7 per cent, Jharkhand 23.7 per cent.
The study, said Rawat, has clearly established that progressive States viz Maharashtra, Gujarat, Haryana and Tamil Nadu have been joined by Uttarakhand, Bihar, Chattisgarh and Andhra Pradesh during the seven years to March 2012. On the other hand rich States like Punjab have underperformed.
US$1 = 54.07 Indian rupees
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