At the beginning of June, the data on GDP for the year 2011-12 was out. Once again Bihar was the fastest growing state in terms of GDP. Bihar grew at 13.13 % based on constant (2004-05) prices.
Congratulations are in order for everyone who is making this possible. This is great news because this growth is more due to inclusive growth i.e. growth due to government spending on infrastructure, law and order, etc and not reliant on the corporate world. What this means is that the current growth will not be so much affected by the economic situation in the corporate world. At the same time, Bihar's GDP will get an impetus if and when the corporate world starts getting into Bihar in a big way. Hence hopefully the Bihar GDP growth story will continue to grow.
The Top 5 GDP growth states for 2011-2012 were
State
|
2011-12 GDP growth percentage
|
Bihar
|
13.13%
|
Delhi
|
11.34%
|
Puducherry
|
10.95%
|
Chattisgarh
|
10.81%
|
Goa
|
10.65%
|
With this growth, Bihar's GDP is now larger than Punjab and is the 13th largest state in terms of GDP in India. Even though Bihar's GDP is now larger than Punjab, we still have a long way to go: The per capita income of Bihar is much lower than that of Punjab.
Anyway, its good to see that Bihar's GDP is continuing on a growth path. As per some analyst that I read, if Bihar continues on this growth path for the next 15 years, it will definitely become a prosperous state. Bihar's GDP from 2004-05 until 2011-12 is as follows:
Year |
Bihar's GDP
|
Percent growth over previous year
|
2004-05
|
77,781
|
|
2005-06
|
78,494
|
0.92
|
2006-07
|
92,427
|
17.75
|
2007-08
|
99,492
|
7.64
|
2008-09
|
113,994
|
14.58
|
2009-10
|
125,875
|
10.42
|
2010-11
|
144,472
|
14.77
|
2011-12
|
163,439
|
13.13
|
I am sharing the GDP data of various states and union territories in India. The GDP for all the states and union territories at constant (2004-05) prices for the year 2011-12 are as follows:
Rank
|
States
|
2011-12 (in INR Crores)
|
1
|
Maharashtra
|
NA
(2010-11 : 775,020)
|
2
|
Tamil Nadu
|
428,109
|
3
|
Uttar Pradesh
|
419,090
|
4
|
Andhra Pradesh
|
407,949
|
5
|
Gujarat
|
NA
(2010-11 : 365,295)
|
6
|
West Bengal
|
340,234
|
7
|
Karnataka
|
297,964
|
8
|
Delhi
|
213,429
|
9
|
Kerala
|
208,468
|
10
|
Rajasthan
|
NA
(2010-11 : 204,398)
|
11
|
Madhya Pradesh
|
NA
(2010-11 : 182,647)
|
12
|
Haryana
|
179,589
|
13
|
Bihar
|
163,429
|
14
|
Punjab
|
157,455
|
15
|
Odisha
|
137,585
|
16
|
Chattisgarh
|
87,723
|
17
|
Jharkhand
|
83,170
|
18
|
Assam
|
80,465
|
19
|
Uttarakhand
|
55,606
|
20
|
Himachal Pradesh
|
42,032
|
21
|
Jammu and Kashmir
|
41,367
|
22
|
Goa
|
23,151
|
23
|
Chandigarh
|
NA
(2010-11: 15,754)
|
24
|
Tripura
|
15,463
|
25
|
Meghalaya
|
11,760
|
26
|
Puducherry
|
11,448
|
27
|
Nagaland
|
8,929
|
28
|
Manipur
|
7,632
|
29
|
Arunachal Pradesh
|
5,899
|
30
|
Mizoram
|
NA
(2010-11 : 4,557)
|
31
|
Sikkim
|
NA
(2010-11: 3,642)
|
32
|
Andaman and Nicobar Islands
|
3,003
|
If anyone wants more details of all the states GDP, historic data from 2004-05 then the details can be found at
GDP of Indian States (2011-12)