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Gross State Domestic Product (GSDP) in India from 2011 to 2023, by States

UID: EC-20241110-IN-02

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Source

National Statistics Office, Ministry of Statistics and Programme Implementation, Government of India.

Last Updated

November 15, 2024

Time Range

2011 – 2023

Periodicity

Annual

Overview

Gross State Domestic Product (GSDP) is the total economic output of a state within a given period, typically measured annually. It represents the monetary value of all goods and services produced within a state’s geographical boundaries, similar to a country’s Gross Domestic Product (GDP) but on a state level. GSDP is a crucial indicator of a state’s economic health and is used to assess economic activity, growth, and development across different states.

The GSDP calculation includes contributions from various sectors like agriculture, industry, and services, and it helps policymakers understand the state’s economic strengths and weaknesses. Comparing GSDP across states also enables inter-state comparisons of financial performance and assists in the allocation of resources and fiscal planning. A higher GSDP indicates a more robust economy, whereas a lower GSDP may signal economic challenges or slower growth in that state.

Trends & Insights

Maharashtra’s GSDP in constant prices increased from ₹128,036 crore in 2011–12 to over ₹202,797 crore in 2021–22, demonstrating its continuous dominance as India’s largest state economy. This reflects the state’s strong industrial base, developed infrastructure, and significant contribution to India’s economic output. Following Maharashtra, states like Tamil Nadu, Karnataka, and Gujarat have shown remarkable economic growth, establishing themselves as key economic powerhouses. The stark economic inequality is clearly evident among different states. While states like Gujarat, Karnataka, and Tamil Nadu have shown robust growth trajectories, several northeastern states like Mizoram, Manipur, and Nagaland have maintained relatively smaller economies. This highlights the persistent regional economic imbalances in India’s development story. The impact of the COVID-19 pandemic is clearly visible for almost all states, with a contraction in their GSDP during 2021-23. Despite their economic strength, Maharashtra, Gujarat, and Karnataka experienced significant declines during this period. However, most states showed a strong recovery in 2021-22, demonstrating the resilience of India’s state economies. Southern states have shown inspiring growth patterns. Karnataka’s transformation has been remarkable, with its GSDP in constant prices growing from ₹60,600 crore in 2011-12 to ₹132,631 crore in 2022-23, mainly driven by its booming IT sector and diversified economy. Similarly, Tamil Nadu has maintained steady growth, reaching ₹145,332 crore in 2022-23, highlighting its strong manufacturing and service sectors. The data also reveals interesting patterns in the northern states. Uttar Pradesh, India’s most populous state, has shown steady growth, but its per capita output remains relatively low given its large population. Despite its small geographical area, Delhi has maintained impressive GSDP figures, reflecting its status as a central economic hub. The reorganization of Jammu & Kashmir into a Union Territory is reflected after 2018-19, with subsequent figures reported under the new administrative structure. This administrative change appears to have influenced the economic reporting structure while maintaining economic continuity. A comparison between constant and current prices reveals the impact of inflation across states. The significant difference between these figures, particularly in larger economies, indicates the substantial role of price levels in nominal growth figures, emphasizing the importance of analyzing real growth rates for more accurate economic assessment. The growth patterns also suggest an increasing concentration of economic activity in a few central states, raising concerns about balanced regional development. While this might be efficient from a financial perspective, it poses challenges for inclusive growth and equitable development across India.

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Citation

Please cite this article using proper attribution to 360 Analytika when referencing or sharing our content.

National Statistics Office, Ministry of Statistics and Programme Implementation, Government of India. (2024). Gross State Domestic Product in India from 2011 – 2023, by States (360 Analytika, Ed.) [Dataset]. 360 Analytika. https://360analytika.com/gross-state-domestic-product-in-india-by-states/

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