6 states contribute about 50% of National GDP | india | Hindustan Times
  • Wednesday, Jul 18, 2018
  •   °C  
Today in New Delhi, India
Jul 18, 2018-Wednesday
New Delhi
  • Humidity
  • Wind

6 states contribute about 50% of National GDP

Special package for industrial development in Sikkim, J&K, Uttaranchal and HP have been launched.

india Updated: May 17, 2006 15:40 IST

The Government on Wednesday said six states together contributed about 50 per cent of the all India Gross Domestic Product (GDP) in 2003-04 at 1993-94 base prices.

Minister of State for Planning MV Rajasekharan, told Lok Sabha in a written reply that these six major States are Maharashtra, Uttar Pradesh, West Bengal, Andhra Pradesh, Tamil Nadu and Gujarat.

He said the share of each State in GDP is determined inter-alia by the size of the state. No generalisation, can be made in this regard. However, one of the objectives of development planning is to achieve even distribution of growth across the States. The growth performance of the state is determined by a number of factors and it is not possible to identify the extent to which, it is policy driven.

He said in order to address the issue of balanced industrial development, several Centrally sponsored schemes and special area development packages that were initiated in earlier plans were continued in the Tenth Plan.

These special packages include transport subsidies for promoting industrialisation in hilly, remote and inaccessible areas, increased equity contribution by the Government, capital investment subsidies, interest sharing subsidies, fiscal incentives like income tax and excise duty exemption.

During the Tenth Plan, new initiatives such as special package for industrial development in Sikkim, Jammu and Kashmir, Uttaranchal and Himachal Pradesh have been launched, he added.