Bihar emerges as India’s ‘tiger economy’
02 Jun 2012
While the Indian economy is slip-sliding away, heading for the much-feared, Hindu rate of growth of 3.5 per cent, one of India's most impoverished states, Bihar, has emerged as a new 'tiger economy,' recording a growth rate of 13.1 per cent in 2011-12.
According to the latest figures by the ministry of statistics, Bihar has emerged as the fastest growing state for the second year in a row, with the state GDP expanding at a breathtaking 13.1 per cent in the just-ended fiscal.
Interestingly, Gujarat – being projected as one of India's most 'progressive' states by chief minister Narendra Modi – has failed to make it to the top-five rank of rapidly growing states in India.
Following Bihar is Delhi, whose state economy expanded by 11.3 per cent in 2011-12, followed closely by Puducherry (11.3 per cent), Chhattisgarh (10.8 per cent) and Goa (10.7 per cent).
Tamil Nadu's state GDP expanded at 9.4 per cent, which was followed by Gujarat at 9.1 per cent.
India's largest – and politically most important – state, Uttar Pradesh, saw a growth rate that was lower than India's GDP expansion rate of 6.5 per cent in 2011-12.
