Bihar tops in the GSDP (Gross State Domestic Product) rankings for the year 2017-18, Money Control reports citing a Crisil report. Bihar saw an 11.3 per cent GSDP growth for fiscal 2018. In 2017, it was in the eight ranks and had a 9.9 per cent GSDP growth.
A close second is the state of Andhra Pradesh, whose GSDP for the year 2018 was 11.2 per cent. And in the third place, stands Gujarat with 11.1 per cent. The report also stated that the worst performing states were, Jharkhand, Kerala, and Punjab.
Madhya Pradesh had been on the top of the ladder last year with 14 per cent, but it dropped to 7.3 per cent for the year 2018. "Madhya Pradesh, which was among the top three earlier, slid in fiscal 2018, due to a slowdown in GSDP growth and slippage on fiscal deficit," as found in the Crisil report.
Around 12 out of 17 states saw an increase in fiscal in 2018, but mostly the growth did not equate to job creation, GSDP has come chiefly from the sectors which are less job-intensive.
The reports that which were by the Centre for Monitoring Indian Economy revealed that there was a loss of about 1.1 crores of jobs in 2018. It mentioned, "Growth has not quite been conducive to job creation in a majority of the states
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.