Progressive Bihar - Finally the sleeping giant is waking up

Progressive Bihar - Finally the sleeping giant is waking up
Progressive Bihar - Come support it's growth path.

Wednesday, August 1, 2012

Bihar's GDP 2011-12

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)

1 comment:

  1. --- In progressivebihar@yahoogroups.com, Tarun Kumar wrote:

    Thanks Prashant for all valuable,constructive information about the Bihar.It helps us to update our self about our native.I really appreciate your initiative and effort.

    Regards,
    Tarun Kumar
    MBA-IIM

    ReplyDelete