Economic growth in Narendra Modi's Gujarat has slipped considerably in five years. Having grown 11 per cent in FY08, the state's gross domestic product (GDP) rose eight per cent in FY13. Annual national GDP growth during the period declined to 4.5 per cent from 9.3 per cent.
Gujarat is now the country's ninth fastest growing among states and Union Territories (UT), behind Bihar, Madhya Pradesh, Delhi, Uttarakhand, Tripura, Goa, Kerala and Odisha. The state's rank improves to seventh if average growth for the past five years is taken into account. The analysis excludes smaller states and UTs such as Sikkim, Mizoram, Puducherry, Manipur and Andaman & Nicobar Islands.
Text: Krishna Kant and Dev Chatterjee, Business Standard
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