Friday 12 October 2012

Gujarat's Growth Story-the true picture, by Dr.Munish Alagh

There has recently been a lot of discussion on Gujarat's growth story...much of it is subjective, what are the relevant objective points...with my training of positive economics i try to have a look below...

Why do we not base our analysis of growth of states on facts rather than being blinded by politics, growth in gujarat needs to be compared like to like...let us just take certain comparable states like Maharashtra(State GDP Growth between 2004-05 to 2011-12=10.01%), Andhra pradesh(State GDP Growth between 2004-05 and 2011-12=8.15%) and Delhi(State GDP Growth between 2004-5 and 2011-12=11.27%)...with that reference Gujarat's growth of 9.2% is not that high...statistics of Gujarat need to be compared with similar income level states...not misinterpreted by adding confusing comparision between Bihar and Gujarat

Reference-http://en.wikipedia.org/wiki/List_of_Indian_states_by_GDP

while the contrasting opinion cited in the link below
http://www.firstpost.com/economy/is-the-gujarat-growth-story-for-real-apparently-yes-483390.html
does critique what i have said and what apparently has been observed by business standard editorial before me, the basic point made that growth in maharashtra and andhra pradesh is services oriented
and hence is higher than gujarat's manufacturing growth, infact serves to buttress my point that there is nothing special about the Gujarat story and cities like Hyderabad, Bangalore and Mumbai show a dynamism even more well rounded and multi-faceted than Gujarat cities...these states have made extra effort in services,IT and education and so have reached  where they are...

1 comment:


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