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Bihar grew by 11.03%, next only to Gujarat---Times Of India


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Posted

Bihar is India's new miracle economy. In the five-year period between 2004-05 and 2008-09, Bihar's GDP has grown by a stunning 11.03%, way beyond


the definition of 7% growth for a ``miracle economy''.

In this period, Bihar - traditionally a laggard state that actually saw a 5.15% negative growth in 2003-04 - is the second fastest growing state, just a shade behind Gujarat's well-publicized growth of 11.05%.

The latest CSO data gives out this dramatic story of Bihar on steroids. This high growth period also coincides with Nitish Kumar taking up the reins as chief minister from Lalu Yadav. It can, therefore, be said that good governance can work miracles for even the most backward of states. [b][color=red]Not just Bihar, most of the traditionally small backward states, including Orissa, Uttarakhand, Uttar Pradesh, Chhattisgarh and Jharkhand, have done well in this period, indicating a more inclusive growth at an all-India level. [/color][/b]

There is no official data on poverty beyond 2004-05. So, the CSO data on the economic growth of the states, highlighting the fact that five of India's most backward states have grown at a rate beyond 7%, provides pointers to some kind of poverty mitigation. [b][color=red]Apart from Bihar, the growth rate of the other four are: Uttarakhand 9.31%, Orissa 8.74% and Jharkhand 8.45%. The all-India growth during this period was 8.49%.[/color][/b]

[center][b][color=red][size=20pt]Where the Hell is AP in the list???[/size][/color][/b][/center]

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Mama mana vallu valla astuulu penchhu kuntaru kani....prajala kstalanu chudaru....mana vallu elections appudu matarame prajalki mandu, vagira echi vottlu vesukontaru......!

mama nenu last time elections ki mavoorilo dbbulu echaru..kani neenu refuse chesanu......danitho mavrilo nanu andduru pichi na
****** chusaru....enka villagelo road chuttu chattlu natidamu ra dabbulu tesukoni ani village leader tho chapite nnau thittaru. then they took cricket and volley ball kits.

so i decided Β to plant trees.i am going to do next year .it take cast 30K.i am giving from my own pocket.

mana prajalu mararu maa.....they are looking for only shot term benefits on one looking long term benefits

Posted

last year our GDP around 10.4%. our average for the last five years was 8.5%.

Posted

mama AP poor state kaadhu maama orissa utharakhand bihar tho compare cheyadaniki
aa article lo poor states lo GDP growth gurinchi matladadu

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[b]AP: First in terms of growth, five decades post-creation[/b] (2008 statistics)

ANDHRA PRADESH has achieved a record growth rate of 10.37 per cent. This is 1.57 per cent higher than that of the previous year. According to data released by the Central Statistical Organisation, Andhra Pradesh has crossed the national average growth rate of 8.73 per cent. For the first time in its history, Andhra Pradesh has achieved a double-digit growth. This is because of the strong performance of all the sectors in the state.

The state’s performance exceeded the national average in every sector, including agriculture, which had stagnated for long time, according to the chief minister’s economic affairs advisor, DA Somayajulu. Agriculture recorded a growth rate of 8.38 per cent as against the national average of 2.59 per cent. This kind of growth is superb, particularly in the agricultural sector.

The industrial sector grew at 9.88 per cent as against 8.90 per cent at the national level. The service sector grew at 11.5 per cent as against 10.73 per cent at the national level. Another significant indicator - the per capita income - increased to 9.35 per cent against the national average of 7.55 per cent. Presently the per capita income of the country is Rs 33,131. But Andhra Pradesh has recorded a per capita income of Rs 33,970.

Andhra Pradesh was formed by combining the most backward regions, boasting of different socio-economic backgrounds. In the 50 years of the state’s history, this is a remarkable feat. Experts say only developed countries have achieved this feat. GDP is the criterion for measuring development. All the countries in the world consider GDP to assess the growth achieved by an economy.

Andhra Pradesh received Rs 10,000 crores more than what bigger states like Uttar Pradesh and Maharashtra received under the budget plan. At the same time, government gave top priority to welfare and the agricultural sectors. Fifty years ago, Andhra Pradesh stood last in terms of growth. After five decades, it stands first in terms of growth.

Posted

Andhra GDP growth halves to 5.5% - dnaindia.com

Hyderabad: Contrary to the rosy picture projected by the Andhra Pradesh government about the state of finances, the agriculture-based state is facing a slowdown in various sectors.

The growth in the gross state domestic product (GSDP) for 2008-09 dropped to 5.53% as against a 10.62% growth in 2007-08. The state's GSDP in the year ended March 2008 was at Rs 2.39 lakh crore and for the year ended March 2009, it is being pegged at Rs 2.52 lakh crore.

The state's fiscal deficit too climbed up from Rs 8,787 crore in 2007-08 to Rs 10,427 crore.

The effect of slowing down in the system is also evident in the per capita income. For the year ended March 2008, the per capita income was at Rs 35,864, up 17.82% over the previous year. However, for the year ended March 2009, the per capita is pegged at Rs 39,597, a growth of 10.41%.

Despite the signs of slowing down, Andhra Pradesh finance minister K Rosaiah presented an ambitious budget for the current financial year.

For the financial year 2009-10, the state has projected an expenditure of Rs 1.03 lakh crore. Of this, Rs 63,301.22 crore has been estimated as non-plan expenditure and Rs 40,184.11 crore as plan expenditure. "It is estimated that the revenue surplus would be Rs 2,406 crore. The fiscal deficit is estimated to be Rs 16,162 crore, which would be 3.96% of the GSDP," Rosaiah said.

Indicating at the hardships the state would go through in the days to some, Rosaiah said, "As GSDP has a direct bearing on the revenues, there is likely to be a substantial shortfall in revenue receipts and capital receipts during 2008-09. However, the central government has enhanced the limit of fiscal deficit from 3% to 3.5% of the GSDP for 2008-09. For this year, the central government has decided to raise the fiscal deficit limit up to 4% of the GSDP, in order to make more funds available to the states for implementing some of the important infrastructure projects. Though this is not adequate, still this measure would give us some relief in planning our

Posted

Last 5yrs lo YSR samapadin chukovatam aa saripoyindhi........Oka arogya sri, 108, 25 kgs rice, free power evaganey.....veedi antha thopu gadu ledu anii chepatam mana AP valakey chellindhi mama.......

Projects ani 3-5 yrs lo omplete annadu............ani assameee.........vadu assamee........YS jagan gadu dochukovataniki ready ga unadu....

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