A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM), authored by EAC-PM member Sanjeev Sanyal, highlights the relative economic performance of Indian states from 1960-61 to 2023-24. Titled “Relative Economic Performance of Indian States: 1960-61 to 2023-24,” the paper reveals that West Bengal, once holding the third-largest share of the national GDP at 10.5% in 1960-61, has seen a consistent decline, now accounting for only 5.6% of India’s GDP in 2023-24. The report notes that maritime states have generally outperformed others, with the exception of West Bengal.
West Bengal’s per capita income was 127.5% of the national average in 1960-61 but has declined to 83.7% in 2023-24, lagging behind traditionally weaker states like Rajasthan and Odisha. The state, which was once one of India’s three largest industrial clusters, has seen continuous economic decline.
The paper highlights that southern states—Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu—have collectively contributed to 30% of India’s GDP by 2023-24, especially post-economic liberalization in 1991. These states, along with Delhi and Haryana in the north, have seen a significant rise in per capita income, surpassing the national average.
The study underscores the steady performance of Maharashtra, the divergence of West Bengal’s economic fortunes, and the rebound of Tamil Nadu post-1991. While Bihar’s relative position has stabilized in recent decades, it remains far behind other states in economic growth.
Businessman Alix Didier Fils-Aime has been sworn in as Haiti's new prime minister, vowing to…
On November 12, 2024, the Defence Research and Development Organisation (DRDO) successfully conducted the maiden…
Law and Justice Minister Arjun Ram Meghwal launched a book titled ‘Maa-Mother’ in New Delhi,…
India is a country known for its vast geography, which includes mountains, deserts, rivers, and…
India has reached a significant milestone in intellectual property (IP) rights, now ranking within the…
The UN’s World Meteorological Organization (WMO) has issued a "red alert" on climate change, warning…