Odisha Ahead Of These Developed States In GDP Growth In 4 Years
New Delhi: Odisha’s growth in gross domestic product (GDP) over the last four financial years was ahead of some developed states like Maharashtra, Punjab, Kerala and Punjab.
According to a report of India Ratings and Research, Haryana, Gujarat, Karnataka and Telangana have registered highest GDP growth surpassing the national average during the period.
Similarly, the states which saw significantly lower than the national average growth are Rajasthan, Jharkhand, Punjab, and Chhattisgarh, according to the report which assessed states’ performance in terms of financial performance, infrastructure and basic welfare indicators.
Kerala, scored highest in terms of human development index, while Chhattisgarh and Odisha scored the lowest. In terms of physical infrastructure, Tamil Nadu, Punjab, Haryana and Kerala scored the highest while Gujarat, Karnataka, Maharashtra, Andhra Pradesh and Telangana are still catching up with the leaders, a report of Bloombergquint stated.
Odisha, Maharashtra, and Assam managed to maintain a low fiscal deficit between FY11-FY20 (2% or lower). However, Punjab, Andhra Pradesh, Rajasthan, Telangana and Kerala’s fiscal deficit ranged on the higher side of over 3.5%, according to the report.