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Industrial Growth in 2013-14 was Higher in Poorer States

In the backdrop of sluggish growth in India and elsewhere, the poorer and laggard states are doing better on industrial front. Industrial growth in the traditionally weaker states of Bihar, Odisha and Chhattisgarh in 2013- 14 dwarfed that of their more developed counterparts- Tamil Nadu, Maharashtra, Gujarat, Karnataka in a year when the economy had to cope with the Euro crisis and its effects on Indian industry.

Data released as part of the Annual Survey of Industries (ASI) in February 2016 showed the three states had grown the most industrially. Overall industrial growth, measured in gross value addition, was 7-2 per cent in 2013-14 as compared to 11-3 per cent in 2012-13. Bihar at 97-5 per cent had the highest growth but measured from the country’s steepest decline the previous year. Odisha grew 61 per cent and Chhattisgarh by 55 per cent. In comparison, it was 5-9 per cent in Gujarat and in Karnataka and IT per cent in Rajasthan, all three being outside the top 10 in industrial growth.

Overall, the industrial growth declined in eight states, Goa’s being the steepest at 26 per cent. Industrial growth in Andhra Pradesh and Madhya Pradesh declined

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