Insights on State Economic Growth in India: EAC-PM Report Highlights
Economic Performance Insights from the EAC-PM Report
The latest report from the Economic Advisory Council to the Prime Minister (EAC-PM) highlights significant trends in state economic growth in India. Over the decades from 1960-61 to 2023-24, western and southern states have performed notably better than others. Maharashtra and Gujarat displayed consistent economic growth, standing out as powerhouses.
Bengal’s Economic Struggles
In stark contrast, West Bengal has experienced a continuous decline in economic performance. The state's share of Gross Domestic Product has fallen drastically from 10.5% to just 5.6% over six decades. This decline marks a concerning trend as West Bengal's relative per capita income also dropped significantly.
- Top Performing Southern States: Karnataka, Andhra Pradesh, Telangana, Kerala, Tamil Nadu collectively account for more than 30% of India’s GDP.
- Income Discrepancies: The report underscores the continued high performance in per capita income in regions like Delhi, Telangana, and Haryana.
- Economic Growth Challenges: States like Odisha, which were considered laggards, have shown improvements, contrasting sharply with West Bengal.
Future Considerations
As India approaches its next Census, these findings emphasize the growing disparities in state income and performance, urging policymakers to reassess how resources are allocated in favor of regional economic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.