Slowest Growing State: Kerala with a growth rate of 3.9 percent, Jammu and Kashmir with a CAGR of 4.1 percent and Jharkhand with a CAGR of 4.2 percent are the slowest growing major states in India.
Fastest Growing State In India : Gujarat is the only state in the country of India which has been successful for 9 consecutive years. Gross Domestic Product (GDP) remains number one in terms of growth. The fastest growing state of Gujarat has grown its GDP in the last nine years. According to the data released by RBI, the Gross State Domestic Product of Gujarat (Gross State Domestic Product) grew at a compound annual growth rate (CAGR) of 8.2 per cent from Rs 6.16 lakh crore in FY2012 to Rs 12.48 lakh crore in FY21. It also has the second largest state GDP in India after Maharashtra, which has a GSDP of Rs 18.89 lakh crore.
Karnataka comes second in terms of GDP growth. Whose economy has grown from Rs 6.06 lakh crore in FY 2012 to Rs 11.44 lakh crore in FY 21 with a CAGR of 7.3 percent. And Karnataka is the fourth largest state economy. Haryana is at the third position with a GSDP of Rs 5.36 lakh crore in FY21. The state’s GSDP was Rs 2.97 lakh crore in the financial year 2012, the state’s economy has grown by 6.8 percent annually.
With a CAGR of 6.7 percent, Madhya Pradesh ranks fourth in the list of fastest growing states. The state witnessed an increase in GDP from Rs 3.16 lakh crore in FY21 to Rs 5.65 lakh crore in FY21. MP is followed by Andhra Pradesh, which registered an annual GSDP growth rate of 6.5 per cent to touch Rs 6.70 lakh crore in FY21 from Rs 3.79 lakh crore in FY12. Andhra Pradesh was also the seventh largest economy of the state.
Telangana at sixth place
Telangana, the neighboring state of Andhra Pradesh, ranks sixth in the list with a nine-year CAGR of 6.1 percent. GDP increased to Rs 6.10 lakh crore in FY21 from Rs 3.59 lakh crore (FY12). It is followed by Tamil Nadu with a GSDP of 5.8 per cent, 5.8 per cent CAGR and Rs 12.46 lakh crore in FY21. Odisha ranks eighth with a CAGR of 5.73 percent and a GDP size of Rs 3.81 lakh crore.
Delhi is in ninth place
Delhi ranks ninth in the list with an annual GSDP growth rate of 5.67 per cent, as Delhi’s GDP size increased from Rs 3.44 lakh crore in FY12 to Rs 5.65 lakh crore in FY21. Assam is the tenth fastest growing major state of India as it posted a CAGR of 5.3 per cent and a GSDP of Rs 2.28 lakh crore in FY21.
These states grew slowly in GDP
Kerala with a growth rate of 3.9 percent, Jammu and Kashmir with a CAGR of 4.1 percent and Jharkhand with a CAGR of 4.2 percent are the slowest growing major states in India. Among the smaller states, Mizoram has the fastest growth rate of 7.9 per cent in FY21 with an economy size of Rs 14.4 thousand crore, while Meghalaya with state GDP of Rs 23.75 thousand crore has shown the fastest growth of 2 per cent for the last nine years. Slow GDP growth has been recorded.
The Indian economy has also grown at an annual rate of 5.4 percent in the last ten years. The size of the country’s GDP was Rs 87.36 lakh crore in FY 2012, which has now increased to Rs 147.36 lakh crore in FY 22. Latest annual GSDP data for FY22 is not available for some states, so we have used GSDP till FY21 as state ranking.
English News Headline : Gujarat state number one in GDP growth from 9 consecutive years.
Source: www.tv9hindi.com”