NEW DELHI: Gujarat is the fastest-growing state for the last nine years (from FY12 to FY21), according to the latest data released by RBI. Gujarat’s Gross State Domestic Product (GSDP) at the constant price has increased at compounded annual growth rate (CAGR) of 8.2 per cent
It has grown from Rs 6.16 lakh crore in the FY2012 to Rs 12.48 lakh crore in FY21 (the latest data for FY22 is not available). Gujarat is also the second largest state in India, only behind Maharastra which has a GSDP of Rs 18.89 lakh crore.
Karnataka is the second fastestgrowing major state economy, with a CAGR of 7.3 per cent. Karnataka is the fourth-largest state economy. At the third spot is Haryana with a GSDP of Rs 5.36 lakh crore in FY21. The state had a GSDP of Rs 2.97 lakh crore in FY12.
With a CAGR of 6.7 per cent, Madhya Pradesh is ranked fourth in the list of fastest-growing states. It is followed by Andhra Pradesh, which has registered an annual GSDP growth rate of 6.5 per cent. Telangana is at the sixth spot in the list with a CAGR of 6.1 per cent. Tamil Nadu (CAGR of 5.8 per cent) comes next. Odisha is ranked eighth (5.73 per cent) and Delhi (5.67 per cent) is at number nine in this list.
India’s tenth fastest-growing major state is Assam (5.3 per cent). Ironically, Kerala with a growth rate of 3.9 per cent is the slowest-growing major states of India.
