26.8.15

State snippets


Tamil Nadu was the second largest state economy in terms of gross state domestic product ( Rs.976,703 crore) in 2014-15, next only to Maharashtra ( Rs.1,686,695 crore). If we consider growth rate, Uttar Pradesh takes the second rank with 8.24% compared to 8.16% for Tamil Nadu. Maharashtra continues to be the first rank holder in growth rate as well. Gujarat closely follows Tamil Nadu in the fourth position in size as well as in growth rate of GSDP .
Some would argue for a comparison of per capita measure of economic output. Since we do not have per capita GSDP, we can take the per capita of Net State Domestic Product (NSDP) in the year 2013-14. Surprisingly enough, Haryana is at the first place followed by Maharashtra with 114,392. Tamil Nadu is the second runner up with 112,664 and the Uttar Pradesh is way down in the development ladder as a poor state with a per capita NSDP of 37,630. For Tamil Nadu, maintaining a large economy with high growth rates and per capita incomes -at low population growth rate -is no small feat.
Tamil Nadu's growth rate fluctuates more than that of the all-India figure.

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