Gdp of indian states 2022

• Adani Enterp. 2484.80 ↑ 33.65 (1.37%) • Adani Ports 742.10 ↑ 7.15 (0.97%) • Apollo Hospitals 4924.75 ↓ -1.95 (-0.04%) • Asian Paints 3194.75 ↑ 14.20 (0.45%) • Axis Bank 974.20 ↓ -0.55 (-0.06%) • B P C L 371.65 ↑ 12.20 (3.39%) • Bajaj Auto 4769.65 ↑ 26.25 (0.55%) • Bajaj Finance 7097.70 ↑ 60.55 (0.86%) • Bajaj Finserv 1466.00 ↓ -0.50 (-0.03%) • Bharti Airtel 836.35 ↑ 2.85 (0.34%) • Britannia Inds. 4900.25 ↑ 21.50 (0.44%) • Cipla 959.95 ↓ -9.30 (-0.96%) • Coal India 229.00 ↑ 1.35 (0.59%) • Divi's Lab. 3438.45 ↑ 9.70 (0.28%) • Dr Reddy's Labs 4675.65 ↑ 8.85 (0.19%) • Eicher Motors 3590.60 ↑ 9.30 (0.26%) • Grasim Inds 1731.40 ↑ 15.65 (0.91%) • H D F C 2640.80 ↓ -12.10 (-0.46%) • HCL Technologies 1139.65 ↑ 29.90 (2.69%) • HDFC Bank 1600.80 ↓ -9.80 (-0.61%) • HDFC Life Insur. 584.40 ↑ 2.70 (0.46%) • Hero Motocorp 2930.40 ↑ 31.10 (1.07%) • Hind. Unilever 2643.45 ↑ 7.25 (0.28%) • Hindalco Inds. 416.80 ↑ 1.75 (0.42%) • ICICI Bank 935.95 ↓ -2.10 (-0.22%) • IndusInd Bank 1332.45 ↑ 1.40 (0.11%) • Infosys 1291.95 ↑ 26.00 (2.05%) • ITC 436.95 ↓ -1.50 (-0.34%) • JSW Steel 747.30 ↓ -1.20 (-0.16%) • Kotak Mah. Bank 1879.45 ↑ 7.45 (0.40%) • Larsen & Toubro 2339.95 ↓ -23.05 (-0.98%) • M & M 1381.40 ↑ 10.75 (0.78%) • Maruti Suzuki 9550.45 ↓ -77.35 (-0.80%) • Nestle India 22289.35 ↑ 215.90 (0.98%) • NTPC 185.70 ↑ 2.90 (1.59%) • O N G C 155.05 ↑ 0.80 (0.52%) • Power Grid Corpn 241.65 ↓ -3.25 (-1.33%) • Reliance Industr 2484.15 ↑ 2.20 (0.09%) • SBI Life Insuran 1238.90 ↑ 6.50 (0.53%) • St Bk o...

Synopsis Retail inflation, as reflected by the Consumer Price Index, remained above the RBI’s upper tolerability level of 6% for 10 consecutive months to November, when it eased slightly to 5.88%. Retail inflation recorded an eight-year high in April, with rural inflation rising to 8.4% and urban inflation being recorded at 7.1%. Here's a look at how the economy has fared through 2022, which positions India for growth in 2023. 2022 – The Year in Review There was no dearth of headwinds throughout the year, which impacted India’s path to economic recovery. The year began with the threat of the Omicron variant of the coronavirus. Fortunately, the threat subsided fairly quickly, without impacting the economy in any significant way. The only problem was that this headwind was replaced by Russia’s invasion of Ukraine in mid-February, leading to further disruptions in the global supply chain. The next development to impact the economy was the decision of several major central banks, especially the US Federal Reserve, to reverse their loose monetary policy stance. The ripple effect of the policy-tightening measures was felt worldwide. The RBI wasn’t too far behind in tightening its stance either, with the first interest rate hike being announced in May. The Indian GDP In the first half of the current financial year, India’s GDP registered a growth of 9.7%, compared with 13.7% a year ago. Gross Value Added (GVA) also rose, albeit below the level seen in the same period last year, a...

The Covid-19 pandemic brought India’s economy to a grinding halt, and, although the centre was overstretched financially, so were the states, with many reeling under increasing debt. The matter again picked up heat, when Finance Minister of Kerala KN Balagopal wrote a letter to Union Finance Minister, Nirmala Sitharaman to not count the liabilities of the state government, like statutory bodies and companies, as the state debt. Balagopal highlighted the precarious financial situation Kerala is in. He added in the letter that “the financial health of the state has been seriously affected by a reduction in the revenue deficit grant to the tune of around Rs 7,000 crore this year and loss due to stoppage of GST compensation of around Rs 12,000 crore.” This is not just a story of Kerala. Many other states too are treading the same path, suffering from precarious financial health, thanks to the Covid-19 and some inappropriate policy measures that have added fuel to the fire. Some states even have debt above the sustainable levels. According to the RBI’s report titled 'States Finances - A Risk Analysis', the average GFD-GDP ratio of the states before the pandemic stood at a 2.5 per cent (2011-12 to 2019-20), which was lower than the Fiscal Responsibility Legislation (FRL) ceiling of 3 per cent. However, there were variations: while Andhra Pradesh, Kerala, Punjab and Rajasthan incurred average GFD of above 3.5 per cent of GSDP, Assam, Gujarat, Maharashtra, Odisha a...

NEW DELHI: The PM Narendra Modi-led BJP government is all set to present its 10th In this year's budget, the focus will largely be on the measures announced by the government to fasten the pace of economic growth. India's economy had been faltering even before the Covid-19 pandemic struck. The pace of growth had slowed down and output had started declining. The Covid-19 pandemic pushed gross domestic product (GDP) to its worst levels ever. India experienced its first ever technical recession in financial year 2020-21 with two successive quarters of negative growth. However, the arrival of Covid vaccines and consequent fall in cases led to gradual easing of restrictions and business activities started to resume. As a result, the economy grew by 20.1 per cent in the first quarter (Q1) of FY22, mainly on account of low base effect and has remained in the positive zone since. India's GDP for second quarter of FY22 came in at 8.4 per cent. However, the projections are lower than the government's forecast of 9.2 per cent growth in the first advance estimates released by the National Statistical Office (NSO). As per NSO, the Indian economy surpassed its pre-pandemic level in 2021-22. With the recovery unevenly gaining traction, all the constituents of aggregate demand entered into expansion, with investment, exports and imports exceeding their pre-Covid levels. However, there are several challenges that the government will need to cater to. Private consumption and investment are ...

Dr. Rumki Majumdar Director | Deloitte India Dr. Rumki Majumdar is a Director and economist with Deloitte India. She writes on several contemporary economic and sector-specific issues related to India with a focus on policy implications on industries such as consumer, financial services, energy and resources, technology, and public services. She has also written on numerous economic issues about the United States and several emerging economies for Deloitte Insights in the past. She currently heads the Client and Insights research team and regularly advises Deloitte India’s executive leadership on Indian economic outlook. Policymakers the world over are currently facing a predicament. The last two years have seen the global economy struggling to deal with overlapping crises, the latest being the liquidity troubles after a series of global bank crises. While the impact appears to have been contained, these uncertainties continue to undermine the confidence among consumers and businesses to spend, therefore impacting economic growth. The World Bank now fears that the ongoing slump in global economic growth will likely result in a “lost decade.” While betting on consumption-driven growth is obvious given India’s large, young, and rising share of the upper middle–income population (with a high propensity to spend), we believe that investment will play an important role over the next two years. It is investments that will provide India with necessary momentum to take off on a pa...

Goa has the highest per capita income among 33 Indian states and union territories, followed by northeast state Sikkim. Capital Delhi, Chandigarh, and Haryana complete the top five list. Among the five richest economies of India, three are states, and two are union territories. Among Top seven richest states/UTs, five have a GSDP Per capita of Goa and Sikkim are above three times India's average. GSDP per capita of Bihar is three times lower than of India. In US Dollar, the GDP per capita of Goa is $6,997 in 2019. Four states/UTs have GSDP per capita above $5,000, and only Bihar has below $1000. GSDP per capita is estimated by GSDP divided by population. GSDP per capita in Dollar = 2100*(GSDP of state in Rupee)/(GSDP of India in Rupee). (for example, gdp per capita of Tamilnadu = 2100*215784/142964. Tamilnadu GSDP per capita in 2018-19 is 215,784. According to the World Bank, the GDP per capita of India is $1981 in 2019.) GSDP per capita Rank State GSDP per capita (INR at Current prices) % of India GDP per capita ($) GSDP per capita (INR at Constant prices) 19-20 18-19 18-19 2019 19-20 18-19 1 Goa 520,030 476,370 335% 7,029 409,876 376,215 2 Sikkim 487,201 435,199 306% 6,421 300,105 283,669 3 Delhi 427,309 394,216 277% 5,817 316,650 300,452 4 Chandigarh - 359,030 252% 5,297 - 265,919 5 Haryana 290,712 260,287 183% 3,840 200,042 188,288 6 Karnataka 246,880 227,680 160% 3,359 174,882 166,373 7 Puducherry 244,431 225,936 159% 3,334 160,343 151,001 8 Kerala - 225,484 158% 3,32...

Synopsis Retail inflation, as reflected by the Consumer Price Index, remained above the RBI’s upper tolerability level of 6% for 10 consecutive months to November, when it eased slightly to 5.88%. Retail inflation recorded an eight-year high in April, with rural inflation rising to 8.4% and urban inflation being recorded at 7.1%. Here's a look at how the economy has fared through 2022, which positions India for growth in 2023. 2022 – The Year in Review There was no dearth of headwinds throughout the year, which impacted India’s path to economic recovery. The year began with the threat of the Omicron variant of the coronavirus. Fortunately, the threat subsided fairly quickly, without impacting the economy in any significant way. The only problem was that this headwind was replaced by Russia’s invasion of Ukraine in mid-February, leading to further disruptions in the global supply chain. The next development to impact the economy was the decision of several major central banks, especially the US Federal Reserve, to reverse their loose monetary policy stance. The ripple effect of the policy-tightening measures was felt worldwide. The RBI wasn’t too far behind in tightening its stance either, with the first interest rate hike being announced in May. The Indian GDP In the first half of the current financial year, India’s GDP registered a growth of 9.7%, compared with 13.7% a year ago. Gross Value Added (GVA) also rose, albeit below the level seen in the same period last year, a...

• Adani Enterp. 2484.80 ↑ 33.65 (1.37%) • Adani Ports 742.10 ↑ 7.15 (0.97%) • Apollo Hospitals 4924.75 ↓ -1.95 (-0.04%) • Asian Paints 3194.75 ↑ 14.20 (0.45%) • Axis Bank 974.20 ↓ -0.55 (-0.06%) • B P C L 371.65 ↑ 12.20 (3.39%) • Bajaj Auto 4769.65 ↑ 26.25 (0.55%) • Bajaj Finance 7097.70 ↑ 60.55 (0.86%) • Bajaj Finserv 1466.00 ↓ -0.50 (-0.03%) • Bharti Airtel 836.35 ↑ 2.85 (0.34%) • Britannia Inds. 4900.25 ↑ 21.50 (0.44%) • Cipla 959.95 ↓ -9.30 (-0.96%) • Coal India 229.00 ↑ 1.35 (0.59%) • Divi's Lab. 3438.45 ↑ 9.70 (0.28%) • Dr Reddy's Labs 4675.65 ↑ 8.85 (0.19%) • Eicher Motors 3590.60 ↑ 9.30 (0.26%) • Grasim Inds 1731.40 ↑ 15.65 (0.91%) • H D F C 2640.80 ↓ -12.10 (-0.46%) • HCL Technologies 1139.65 ↑ 29.90 (2.69%) • HDFC Bank 1600.80 ↓ -9.80 (-0.61%) • HDFC Life Insur. 584.40 ↑ 2.70 (0.46%) • Hero Motocorp 2930.40 ↑ 31.10 (1.07%) • Hind. Unilever 2643.45 ↑ 7.25 (0.28%) • Hindalco Inds. 416.80 ↑ 1.75 (0.42%) • ICICI Bank 935.95 ↓ -2.10 (-0.22%) • IndusInd Bank 1332.45 ↑ 1.40 (0.11%) • Infosys 1291.95 ↑ 26.00 (2.05%) • ITC 436.95 ↓ -1.50 (-0.34%) • JSW Steel 747.30 ↓ -1.20 (-0.16%) • Kotak Mah. Bank 1879.45 ↑ 7.45 (0.40%) • Larsen & Toubro 2339.95 ↓ -23.05 (-0.98%) • M & M 1381.40 ↑ 10.75 (0.78%) • Maruti Suzuki 9550.45 ↓ -77.35 (-0.80%) • Nestle India 22289.35 ↑ 215.90 (0.98%) • NTPC 185.70 ↑ 2.90 (1.59%) • O N G C 155.05 ↑ 0.80 (0.52%) • Power Grid Corpn 241.65 ↓ -3.25 (-1.33%) • Reliance Industr 2484.15 ↑ 2.20 (0.09%) • SBI Life Insuran 1238.90 ↑ 6.50 (0.53%) • St Bk o...

Dr. Rumki Majumdar Director | Deloitte India Dr. Rumki Majumdar is a Director and economist with Deloitte India. She writes on several contemporary economic and sector-specific issues related to India with a focus on policy implications on industries such as consumer, financial services, energy and resources, technology, and public services. She has also written on numerous economic issues about the United States and several emerging economies for Deloitte Insights in the past. She currently heads the Client and Insights research team and regularly advises Deloitte India’s executive leadership on Indian economic outlook. Policymakers the world over are currently facing a predicament. The last two years have seen the global economy struggling to deal with overlapping crises, the latest being the liquidity troubles after a series of global bank crises. While the impact appears to have been contained, these uncertainties continue to undermine the confidence among consumers and businesses to spend, therefore impacting economic growth. The World Bank now fears that the ongoing slump in global economic growth will likely result in a “lost decade.” While betting on consumption-driven growth is obvious given India’s large, young, and rising share of the upper middle–income population (with a high propensity to spend), we believe that investment will play an important role over the next two years. It is investments that will provide India with necessary momentum to take off on a pa...

The Covid-19 pandemic brought India’s economy to a grinding halt, and, although the centre was overstretched financially, so were the states, with many reeling under increasing debt. The matter again picked up heat, when Finance Minister of Kerala KN Balagopal wrote a letter to Union Finance Minister, Nirmala Sitharaman to not count the liabilities of the state government, like statutory bodies and companies, as the state debt. Balagopal highlighted the precarious financial situation Kerala is in. He added in the letter that “the financial health of the state has been seriously affected by a reduction in the revenue deficit grant to the tune of around Rs 7,000 crore this year and loss due to stoppage of GST compensation of around Rs 12,000 crore.” This is not just a story of Kerala. Many other states too are treading the same path, suffering from precarious financial health, thanks to the Covid-19 and some inappropriate policy measures that have added fuel to the fire. Some states even have debt above the sustainable levels. According to the RBI’s report titled 'States Finances - A Risk Analysis', the average GFD-GDP ratio of the states before the pandemic stood at a 2.5 per cent (2011-12 to 2019-20), which was lower than the Fiscal Responsibility Legislation (FRL) ceiling of 3 per cent. However, there were variations: while Andhra Pradesh, Kerala, Punjab and Rajasthan incurred average GFD of above 3.5 per cent of GSDP, Assam, Gujarat, Maharashtra, Odisha a...