Key Points
New Delhi: Madhya Pradeshs economy has grown by about 6.6 percent per annum on average between 2011-12 and 2021-22, the fourth highest rate of growth among states with a state GDP (GSDP) of Rs 1 trillion and above during this period, an analysis by ThePrint shows.. This high rate of growth, however, has not made it an industrial state..
During this period, Madhya Pradeshs Gross State Domestic Product (overall value of goods and services produced in the state) grew by 6.65 percent on average per annum the fourth highest rate of growth after Gujarat (8.35 percent), Karnataka (7.33 percent) and Haryana (6.7 percent)...
But this growth is not reflected in Madhya Pradeshs positioning in terms of per capita income.Of the 21 states with GSDPs of Rs 1 trillion and above, it was ranked 18th in 2011-12 above Chhattisgarh, Bihar and Uttar Pradesh..
In terms of the growth of manufacturing output, Madhya Pradesh fares better than only one of its neighbours, Maharashtra, which saw growth of 3.32 percent per annum in this 10-year period as against Madhya Pradeshs 6.22 percent..
It is also worth mentioning that Maharashtra is a highly industrialised state, with industry accounting for 25 percent of its output as against 17 percent in Madhya Pradesh, besides a per capita income of Rs 2.1 lakh double that of Madhya Pradesh...
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