Skip to main content

Gujarat ranks ninth in economic growth rate, is behind UP, West Bengal in contribution to national GDP

Gross domestic product in billion US dollars









Counterview Desk
A top financial consulting firm, Unidow Finances Intelligence Services, has, in its recent analysis, ranked Gujarat No 9th in the percentage of growth in gross state domestic (GSDP). While Gujarat’s growth at current prices in 2012 – for which he made public data – was 15.33 per cent, the states which performed better that Gujarat were Maharashtra (16.86 per cent), Rajasthan (21.91 per cent), Kerala (16.97 per cent), Haryana (16.06 per cent), Madhya Pradesh (19.02 per cent), Bihar (24.40 per cent), Chhattisagarh (18.26 per cent), and Jammu & Kashmir (15.80 per cent).
The top consultants has also found that Maharashtra contributes most in the gross domestic product (GDP) of India, with 14.95 per cent, followed by Uttar Pradesh (8.23 per cent), Andhra Pradesh (8.09 per cent), Tamil Nadu (7.65 per cent), West Bengal (6.48 per cent) and Gujarat (6.14 per cent). It is not known why the consultants have not made public figures post-2012, but according to official sources, one of the major reasons could be that Gujarat and a few other states have still not handed over GSDP figures to India’s Planning Commission.
The only official information about Gujarat’s state domestic product for 2012-13 is “Statements under the Gujarat Fiscal Responsibility Act, 2005”. Released about a year ago, it finds that the GSDP rate for 2012-13 was 13.98 per cent, at current prices, which is lower than the previous year, for which Unidow – which is based in Noida, which is part of the Delhi National Capital Region – has provided figures. However, being advanced estimates, these cannot be taken as final.
More, what the budget book or the consultants do not say is, the current price rate of growth of gross state domestic product (GSDP) does not take into the inflationary factor. According a senior economist's calculation, at constant prices, Gujarat’s growth rate in 2012-13 would be around 5.68 per cent, if what is called “deflator” is taken into account. Gujarat’s deflator, according to this economist, was 8.3 per cent in 2012-13. If this is true, in 2012-13, Gujarat’s growth rate was equal to all-India average.
Unidow claims to combine “economic intelligence and research”, helping foreign companies in “scenario planning, selection of unbelievable locations for competitive advantage to maximize profits and improving overall efficiency of different business verticals of a company to mitigate corporate risk such as the political risk, regulatory compliance, geopolitical risk -- whether its strategic or operational risk.” It is, however, not known why it refuses to give GSDP rates at current prices – which show the real growth of each state.
Meanwhile, Unidow says it has “revised” political outlook of India to "stable" amid Lok Sabha polls this year. “India's major opposition party BJP is expected to win more than 210 constituencies, which will give a stable government at the centre”, it says. It suggests, this analysis has been arrived on the basis of “prowess researches and studies from the cornerstone of the economy to the important range of government policies.”
Yet, Unidow analysis  is significant, as Gujarat development has already become an issue of national debate. Believing that its analysis is quite "exclusive", as it claims, it contends, “Unidow specializes in exclusive economic data provider and core policy research of India, which includes study on economic policies, central bank policies, India's foreign policies, industrial researches and other prominent areas to deliver key results to corporations, federal government agencies, academician, students and individuals.”

Comments

TRENDING

What's Bill Gates up to? Have 'irregularities' found in funding HPV vaccine trials faded?

By Colin Gonsalves*  After having read the 72nd report of the Department Related Parliamentary Standing Committee on alleged irregularities in the conduct of studies using HPV vaccines by PATH in India, it was startling to see Bill Gates bobbing his head up and down and smiling ingratiatingly on prime time television while the Prime Minister lectured him in Hindi on his plans for the country. 

Muted profit margins, moderate increase in costs and sales: IIM-A survey of 1000 cos

By Our Representative  The Indian Institute of Management-Ahmedabad’s (IIM-A's) latest Business Inflation Expectations Survey (BIES) has said that the cost perceptions data obtained from India’s business executives suggests that there is “mild increase in cost pressures”.

Magnetic, stunning, Protima Bedi 'exposed' malice of sexual repression in society

By Harsh Thakor*  Protima Bedi was born to a baniya businessman and a Bengali mother as Protima Gupta in Delhi in 1949. Her father was a small-time trader, who was thrown out of his family for marrying a dark Bengali women. The theme of her early life was to rebel against traditional bondage. It was extraordinary how Protima underwent a metamorphosis from a conventional convent-educated girl into a freak. On October 12th was her 75th birthday; earlier this year, on August 18th it was her 25th death anniversary.

Govt putting India's professionals, skilled, unskilled labour 'at mercy of' big business

By Thomas Franco, Dinesh Abrol*  As it is impossible to refute the report of the International Labour Organisation, Chief Economic Advisor Anantha Nageswaran recently said that the government cannot solve all social, economic problems like unemployment and social security. He blamed the youth for not acquiring enough skills to get employment. Then can’t the people ask, ‘Why do we have a government? Is it not the government’s responsibility to provide adequate employment to its citizens?’

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

IMA vs Ramdev: Why what's good or bad for goose should be good or bad for gander

By Dr Amitav Banerjee, MD* Baba Ramdev and his associate Balkrishna faced the wrath of the Supreme Court for their propaganda about their Ayurvedic products and belittling mainstream medicine. Baba Ramdev had to apologize in court. His apology was not accepted and he may face the contempt of court with harsher punishment. The Supreme Court acted on a public interest litigation (PIL) moved by the Indian Medical Association (IMA).

'Flawed' argument: Gandhi had minimal role, naval mutinies alone led to Independence

Counterview Desk Reacting to a Counterview  story , "Rewiring history? Bose, not Gandhi, was real Father of Nation: British PM Attlee 'cited'" (January 26, 2016), an avid reader has forwarded  reaction  in the form of a  link , which carries the article "Did Atlee say Gandhi had minimal role in Independence? #FactCheck", published in the site satyagrahis.in. The satyagraha.in article seeks to debunk the view, reported in the Counterview story, taken by retired army officer GD Bakshi in his book, “Bose: An Indian Samurai”, which claims that Gandhiji had a minimal role to play in India's freedom struggle, and that it was Netaji who played the crucial role. We reproduce the satyagraha.in article here. Text: Nowadays it is said by many MK Gandhi critics that Clement Atlee made a statement in which he said Gandhi has ‘minimal’ role in India's independence and gave credit to naval mutinies and with this statement, they concluded the whole freedom struggle.

Youth as game changers in Lok Sabha polls? Young voter registration 'is so very low'

By Dr Mansee Bal Bhargava*  Young voters will be the game changers in 2024. Do they realise this? Does it matter to them? If it does, what they should/must vote for? India’s population of nearly 1.3 billion has about one-fifth 19.1% as youth. With 66% of its population (808 million) below the age of 35, India has the world's largest youth population. Among them, less than 40% of those who turned 18 or 19 have registered themselves for 2024 election. According to the Election Commission of India (ECI), just above 1.8 crore new voters (18-and 19-year-olds) are on the electoral rolls/registration out of the total projected 4.9 crore new voters in this age group.

Indians witnessing 'regression to Hindutva politics' under Modi ahead of elections

By Bhabani Shankar Nayak*  The forthcoming general election in India, scheduled from April 19, 2024, to June 1, 2024, to elect the 543 members of the 18th Lok Sabha and the new Government of India, carries immense significance for the preservation of India's identity as a liberal, secular, and constitutional democracy.

An equine landmark, Cheltenham Gold Cup centenary 'epitomized' heights unparalleled

By Harsh Thakor*  The Cheltenham Gold Cup  is the most prestigious jumping race in the British Isles Steeplechasing calendar and the Cheltenham festival, a cynosure of every English and Irish racegoer. Few sporting events match or surpass the sheer intensity, competitiveness and joy that radiates its legacy. Few moments are more pulsating than witnessing a Gold Cup or a Cheltenham festival. In addition to that the race is run amidst the background of an evergreen English countryside, encircled by hills and pastures, giving a sensation of a paradise or heavenly location.