Gross State Domestic Product (GSDP) data for the year 2014-15 shows the slowest-ever growth rate in Gujarat at 7.7%. This was Gujarat’s first year under chief minister Anandiben Patel. The state which grew at the fastest pace was Bihar, with a growth rate of 15.6%, under chief minister Nitish Kumar.
Data recently released by ministry of planning shows that Gujarat has moved out of the top five states in terms of GSDP growth. Gujarat is ranked at the 10th position compared to all Indian states. The Times of India reports that industry experts believe that as Gujarat is a highly industrialised state, it majorly depends on industrial output. However, industrial output has been affected by slowdown, leading to slower growth.
Further, Gujarat’s GSDP growth 2015-16 was 6.7%, the lowest in last 10 years. This was 7.7% in 2014-15; 8.3% in 2013-14; and 10.8% in 2012-13. The size of the state GSDP in 2015-16 is expected to be ₹9,84,971 crore.
The top ten states in 2014-15 were Bihar, Jharkhand, Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Karnataka and New Delhi.
