Name the two states which were the fastest expanding State economies in 2015-16,...

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Bhavin Singh asked 29-Mar-2018 in Current affair by Bhavin Singh
edited 30-Mar-2018 by Harsh-Srivastava

Name the two states which were the fastest expanding State economies in 2015-16, according to a new series of gross State domestic product data with 2011-12 as the base year published by the Central Statistics Office. The two States also reported the fastest rise in per capita income in the same year.


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akriti kashyap answered 07-May-2018 by akriti kashyap

*The fastest expanding State economies in 2015-16*

Name the two states which were the fastest expanding State economies in 2015-16,...

Arunachal Pradesh and Jammu & Kashmir were the speediest extending State economies in 2015-16, as per another arrangement of gross State residential item information with 2011-12 as the base year distributed by the Central Statistics Office. The two States additionally revealed the quickest ascent in per capita wage around the same time.

AP’s gross State household item (GSDP) extended 16.5 for every penny and that of J&K is 14.7 for each penny at steady 2011-12 costs.

National growth rate :

In correlation, the economies of greater States, for example, Maharashtra and Uttar Pradesh extended around 8-8.5 for every penny that year. The national economy excessively extended 8 for every penny in 2015-16 at consistent 2011-12 costs.

Per capita salary in Jammu and Kashmir and in Arunachal Pradesh ascended by more than 14 for every penny at consistent 2011-12 costs, while the ascent at the national level was just 6.8 for every penny. However, the per capita pay in these States was only a small amount of that in wealthier States and domains, for example, Delhi.

The quick development of Jammu and Kashmir's GSDP came after a 0.3 for every penny compression in 2014-15 when the State was hit by its most noticeably bad surge in 60 years following overwhelming rainstorm downpours. The Arunachal Pradesh economy, in correlation, had extended at a comparative pace that year.

These two were by all account not the only States to record twofold digit development in the year. Other State economies to record twofold digit extension were the Union Territory of Puducherry (10.3 for each penny), Mizoram (10.9 for each penny), Andhra Pradesh (11 for each penny) Gujarat (11.1 for every penny), and Goa (11.5 for every penny).

Top 5 States :

Maharashtra remains the biggest State economy, with its size assessed at ?16,59,776.05 Crore (?16.6 lakh crore) at steady 2011-12 costs. J & Ks economy, at ?97,289.27 Crore, is just around 6 for each penny of Maharashtra's.

The second-greatest State economy is Tamil Nadu, evaluated at ?9,48,673.85 Crore. Gujarat uprooted Uttar Pradesh to end up third biggest, yet the distinction between the two was thin. Uttar Pradesh economy was assessed at ?9,01,256.8 Crore and Gujarat's at ?9,01,375.28 Crore.

Karnataka was the fifth biggest with an expected size of ?8,14,802.64 at steady 2011-12 costs. These five States together record for around 46 for each penny of the country's GDP.

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