Bihar :The Best Performing State In Terms Of Compound Annual Growth Rate

Bihar has emerged as the best performing state in the country in terms of compound annual growth rate (CAGR) of gross state domestic product (GSDP) during the 11th Plan period (2007-08 to 2011-12).

“According to figures released by the Central Statistical Organisation, Bihar’s GSDP has recorded an average annual growth rate of 12.07 per cent. This is highest among all Indian states.

The growth rate has taken into consideration the actual figures of the first four years and the advance estimates for the final fiscal (2011-12) of the 11th Plan period.

The growth story of Bihar appears more impressive when one compares it with the national average of GDP growth rate in the corresponding period. The national CAGR-GDP growth rate is 7.94 per cent.

Other states that have performed better than the national average during the period are Uttarakhand (11.51 per cent), Delhi (11.46 per cent), Gujarat (9.57 per cent), Maharashtra (9.41 per cent) and Haryana (9.07 per cent). 

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