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Indian State Economies
#40
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->MP stuns all, is now No 1 in growth
Rajeev Ranjan Roy | New Delhi
<b>State shakes off BIMARU tag with GSDP at 24%, followed by Gujarat at 12%</b>
Madhya Pradesh, unlike its other counterparts, has got rid of the tag of BIMARU State with the economy on the first track of growth. The State tops the Planning Commission's list of best performers in terms of <b>Gross State Domestic Product (GSDP) by registering a growth rate of 23.50 per cent at the constant prices. Its nearest rival is Chhattisgarh with 12.30 per cent growth rate, followed by Gujarat with 12.17 per cent GSDP for 2006-07.</b>

Not a long time back, MP was dubbed as one of the country's BIMARU States, along with Bihar, Rajasthan and Uttar Pradesh where the GSDP growth rate at the constant prices has been pegged at 4.72, 7.96 and 6.07 per cent respectively. The other two States with the two-digit growth rate are<b> Uttaranchal 10.28 per cent </b>and Andaman & Nicobar Islands where the GSDP is growing at the rate of 10.78 per cent. Except A&N Islands, all these States have been under the BJP's rule for quite a few years.

The country's Capital, <b>Delhi, is growing at the rate of 9.18 per cent, while the Planning Commission puts the growth rate in West Bengal, Andhra Pradesh, Haryana, Punjab, and Kerala at 8.13, 8.02, 8.05, 4.93, and 8.01 per cent,</b> respectively. The strife-torn <b>Assam is registering a GDP growth rate at 5.94 per cent, while Himachal Pradesh tops the list among smaller States by recording 9.27 per cent growth rate.</b>

The GSDP growth rate in MP has substantially been increasing since 2000-01 onwards. From Rs 7,371,538 lakh in 2001-02, the total GSDP went up to Rs 10,305,674 lakh in 2004-05, and surged to Rs 11,217,742 lakh in 2005-06. The State has registered the growth rate, despite the fall in agriculture contribution to the State's GDP from 37.09 per cent in 1993-94 to 26.25 per cent in 2005-06.

As per the revised estimates of annual income for 2006-07 by the Central Statistical Organisation (CSO), the annual growth rate of the country measured in terms of GDP at factor cost at constant (1999-2000) price is 9.4 per cent for the year.

Among the major southern States, <b>Tamil Nadu is registering the growth rate of 7.38 per cent, and Karnataka 7.90 per cent, while Maharashtra's GSDP rate has been pegged at 9.20 per cent,</b> which is more than the national growth target of 9 per cent yearly during the 11th Plan. The Centre's Approach Paper to the 11th Plan aims at putting the economy on a sustainable growth trajectory with the growth rate of approximately 10 per cent by the end of the current Plan.

"The growth rate of GSDP of many States like Bihar, Uttar Pradesh and other smaller States looks poised to improve in days to come, as the Centre aims at ensuring faster growth in all productive sectors -- agriculture, industry and services -- with suitable interventions in policy. It will entirely be a different situation when the country enters into 12th Five-Year Plan," a Government official claimed.
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Congress states-
Punjab - 4.93 <!--emo&:thumbdown--><img src='style_emoticons/<#EMO_DIR#>/thumbsdownsmileyanim.gif' border='0' style='vertical-align:middle' alt='thumbsdownsmileyanim.gif' /><!--endemo-->
Andhra Pradesh - 8.02,
Haryana, Punjab - 8.05,
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