MP set to replace Bihar as fastest growing state

In 2012-13, the GSDP of Madhya Pradesh is estimated to grow by 10.02%, while that of Bihar to see 9.48% growth

Madhya Pradesh is set to replace Bihar as the fastest growing Indian state in the financial year 2012-13, according to advance estimates released by the Central Statistical Office (CSO).

In 2012-13, the gross state domestic product (GSDP) of Madhya Pradesh is estimated to grow by 10.02 per cent, while that of Bihar to see 9.48 per cent growth. Bihar's economy had grown at a double digit rate for the last five years, and in 2011-12, the state saw 13.26 per cent growth rate.

Other Indian states that are estimated to grow fast are Odisha (9.14 per cent) and Jharkhand (9.12 per cent). Meghalaya's GSDP growth is pegged at 8.9 per cent. Puducherry, a Union territory, is estimated to grow faster than any Indian state, at 13.05 per cent.

Tamil Nadu is estimated to experience the slowest growth rate, at 4.61 per cent, while Arunachal Pradesh is projected to grow 4.77 per cent.

CSO does not offer the numbers for Delhi. In her budget speech earlier this month, Delhi chief minister Sheila Dikshit said the economy is on track to grow by nine per cent in 2012-13.

The figures also do not include Gujarat, Kerala, Maharashtra, Rajasthan, Sikkim, Mizoram, Andhra Pradesh, Goa and Haryana. Delhi's GSDP had grown 11.34 per cent in the previous financial year, and that of Goa's grew 9.39 per cent.

It should be noted that advance estimates, which are based on partial projections and partial actual numbers, may vary from actual numbers.