The country's GDP may have fallen to 5.4 percent in the second quarter, but after the Covid pandemic, 17 states of the country, including Gujarat, have achieved a growth rate of 9 percent. According to a PHD Chamber of Commerce and Industry report, 25 states have achieved more than 7 percent growth in their Gross State Domestic Product (GSDP) during the financial years 2021-22 and 2022-23.
According to the report, 17 of these states have crossed the impressive growth rate of 9 percent, including Gujarat, Kerala, Telangana, Rajasthan, West Bengal, Bihar, Karnataka, Uttar Pradesh, Haryana, States like Odisha are included.
Contribution of which state in which sector?
According to a PHD Chamber of Commerce and Industry report, Punjab, Haryana and Uttar Pradesh are the leading states in agricultural production. Which has strengthened the food security of the country. Chhattisgarh, Madhya Pradesh and Odisha have achieved industrial progress using their mineral wealth.
Maharashtra, Gujarat and Karnataka have excelled in technological and industrial development. Tourism-intensive states like Kerala, Rajasthan and Goa have benefited from India's cultural heritage, leading to increased foreign exchange earnings.
Infrastructure and Sustainable Development
Tamil Nadu and Andhra Pradesh have made significant progress in infrastructure projects, while Rajasthan and Gujarat have taken the lead in renewable energy initiatives. Improved connectivity in the northeastern states has transformed the region into a hub for trade and tourism.
Human Development and Foreign Investment
Kerala and Tamil Nadu have improved the Human Development Index by innovating in education and health services. Initiatives like Vibrant Gujarat Summit in Gujarat, PITEX Trade Fair in Punjab and IT Corridor in Telangana have attracted foreign investment.
“Developed India” strategy
PHDCCI has proposed a nine-pronged strategy to accelerate India's growth. These include ease of doing business, reduction of operating costs, development of infrastructure, promotion of sustainable development, expansion of service sector, export growth, skill development, investment in health and education and sharing of successful practices.
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