Trends in Gross State Domestic Product: 2012-20

 Here are a few interesting charts on the GSDP of different states of India. Data Sourced from MOSPI available at Workbook. (Please note - this is a publicly available document for all citizens)

The chart below shows the list of states and union territories by GSDP in 2019-20. The 2020-21 figures are not available for many states, so we have to contend with 2019-20 figures for the time being.

Maharashtra, Tamil Nadu and Gujarat occupy the top three spots as of 2019-20 whereas the north-eastern states and other smaller states/union territories as expected are at the lower end. UP and Karnataka are almost at the same level similar to Andhra Pradesh and Telangana.

The chart below shows the percentage contribution of GSDP by each state or UT in 2019-20.

Let us take a take a look at the growth rates in GSDP for the period from 2012 to 2020. For the year 2020-21 growth rates are NA for most states, so we are sticking to the average growth rate between 2012 to 2020.

Northern Eastern States of Mizoram and Tripura with their smaller bases are among the quickest growing states of India. Gujarat is the fastest growing states among the larger states with an average growth rate of 9.47 % per annum between 2012-20. India's richest state Maharashtra is growing at 6.6%. Telangana is clocking 7.69% per annum with Andhra Pradesh not too far behind at 7.4%.

Let us take a look at the per capita net domestic product at constant prices sourced from MOSPI.

 

You read this data with an eye on the vast economic inequality across different sections, you may conclude that there is a huge scope for improvement in per capita incomes in the decades to come.

If Indian states are looking for bench-marking then we have a couple of good benchmarks shown in the table below:


California and Texas which are just two states in the US but whose GSDP rivals that of top 10 economies of the world!

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