High ten quickest rising main state economies of India

Gujarat has the quickest rising state GDP for the final 9 years. Information launched by RBI exhibits that the Gross state home product at fixed worth (GSDP) of Gujarat has elevated at compounded annual progress charge (CAGR) of 8.2 per cent from Rs 6.16 lakh crore in monetary 12 months 2012 to Rs 12.48 lakh crore in FY21 (newest knowledge of FY22 shouldn’t be out there). It is usually the second largest state GDP in India solely behind Maharastra which is having a GSDP of Rs 18.89 Lakh crore.

Karnataka has the second quickest rising main state economic system clocking a CAGR of seven.3 per cent from Rs 6.06 lakh crore in FY12 to Rs 11.44 lakh crore in FY21. Karnataka can also be the fourth largest state economic system. On the third spot is Haryana with a GSDP of Rs 5.36 lakh crore in FY21 from Rs 2.97 lakh crore in FY12, state economic system elevated 6.8 per cent yearly. With a CAGR of 6.7 per cent Madhya Pradesh is ranked fourth within the checklist of quickest rising states because the state from central India noticed a progress in GDP from Rs 3.16 lakh crore in FY12 to Rs 5.65 lakh crore FY21. MP is adopted by Andhra Pradesh which has registered an annual GSDP progress charge of 6.5 per cent to succeed in at Rs 6.70 lakh crore economic system in FY21 from Rs 3.79 lakh crore in FY12. Andhra Pradesh was additionally seventh largest state economic system.

Andhra Pradesh’s neighbouring state Telangana is at sixth spot within the checklist with 9 12 months CAGR of 6.1 per cent because it witnesses the GDP rising from Rs 3.59 lakh crore (FY12) to Rs 6.10 lakh crore in FY21. It’s adopted by Tamil Nadu with a CAGR of 5.8 per cent, from Rs 7.51 lakh crore in FY12, Tamil Nadu has the third largest state GDP at Rs 12.46 lakh crore in FY21. Odisha is ranked eight with CAGR of 5.73 per cent and GDP dimension of Rs 3.81 lakh crore. Delhi is at quantity 9 on this checklist with annual GSDP progress charge of 5.67 per cent, as Delhi’s GDP dimension elevated from Rs 3.44 lakh crore in FY12 to Rs 5.65 lakh crore in FY21. India’s tenth quickest rising main state is Assam, because it has posted a CAGR of 5.3 per cent and GSDP of Rs 2.28 lakh crore in FY21.

Kerala with progress charge of three.9 per cent, Jammu & Kashmir 4.1 per cent CAGR and Jharkhand with CAGR of 4.2 per cent are the slowest rising main states of India. Among the many smaller states Mizoram has the quickest progress charge of seven.9 per cent with economic system dimension of Rs 14.4 thousand crore in FY21, whereas Meghalaya with GDP of state at Rs 23.75 thousand crore recorded slowest GDP progress CAGR of two per cent for the previous 9 years from FY12 to FY21.

Indian economic system has additionally grown at an annual tempo of 5.4 per cent within the final ten years. The scale of the nation’s GDP was Rs 87.36 lakh crore in FY12 which has now grew to become Rs 147.36 lakh crore in FY22.

Newest annual GSDP knowledge for FY22 shouldn’t be out there for some states, therefore we now have used GSDP as of FY21 State’s rating.