The financial liberalisation that started within the Nineteen Nineties appears to have benefited Gujarat, Haryana, Karnataka, Tamil Nadu and Delhi essentially the most as their share within the nationwide GDP has elevated considerably between 1990-91 and 2023-24, in line with a working paper by the Financial Advisory Council to the Prime Minister (EAC-PM).
Maharashtra’s share within the nationwide GDP fell from 14.6 per cent in 1990-91 to 13.3 per cent in 2023-24. It nonetheless maintains the highest spot amongst states. Although Tamil Nadu’s share declined, from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it noticed a turnaround, with its share within the nationwide GDP touching 8.9 per cent in 2023-24.
Gujarat additionally noticed a reversal in its fortunes with its share touching 8.1 per cent in 2022-23 from 6.4 per cent in 1990-91.
Bengaluru’s rise as a know-how hub noticed Karnataka’s share rise from 5.3 per cent in 1990-91 to eight.2 per cent in 2023-24.
First Printed: Sep 19 2024 | 12:47 AM IST
