Bihar tops in per capita income growth; Gujarat at 11
The top 15 fastest growing states with a net state domestic product at constant (2004-05) prices for fiscal 2011-12
Should the country emulate the Nitish Kumar model of development? Or a Shivraj Singh Chauhan or a Oommen Chandy model? Going by the growth in per capita income, why not have a Maharashtra or Prithiviraj Chavan growth model? The chart shows the growth in per capita net state domestic product at constant (2004-05) prices for the fiscal year 2011-12 of the 15 fastest growing states. Delhi and Union Territories have been kept out of the reckoning.
add_main_imageThe chart shows that, during the past year, Bihar has been the most successful in improving the living standards of its residents. It was followed by Madhya Pradesh, while Kerala at number three was a surprise. Per capita income in Bihar is low, so it has the advantage of a lower base. But Kerala, Maharashtra, Goa and Sikkim have very high levels of per capita income.
The much-vaunted Gujarat model of development saw its per capita growth rank at number 11, a bit above Andhra Pradesh and Tamil Nadu. And even West Bengal’s growth in per capita income was well above the national average.NextMAds
In absolute numbers, however, growth in real per capita income in 2011-12 was the highest in Goa at ₹ 8,157, followed by Maharashtra at ₹ 5,216. Sikkim, with a growth of ₹ 4,509 in real per capita income, was third. Kerala, with growth of ₹ 4,486, and Haryana, with growth of ₹ 3,787, made it to the top five.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
- Top Gainers
- Top Losers
- 52 Week High