MP shakes out of Bimaru chains, tops per capita income chart
Madhya Pradesh has achieved the distinction of having the highest per capita income growth in the country in 2013-14 as compared to the previous year, showing signs that it is gradually breaking the Bimaru shackles it was tied down with for ages.indore Updated: Mar 03, 2015 22:30 IST
Madhya Pradesh has achieved the distinction of having the highest per capita income growth in the country in 2013-14 as compared to the previous year, showing signs that it is gradually breaking the Bimaru shackles it was tied down with for ages.
This is what shows the latest Economic Survey. However, the growth has been calculated on the basis of 2004-05 prices.
The per capita income is calculated by evenly dividing a state's annual income by its population. In fact, MP's per capita income growth at 20.1% is the highest among states in the country for 2013-14, with only the union territory of Pondicherry recording a higher per capital growth of 30.1%.
However, this growth is no mean an achievement. State chief secretary Anthony DeSa attributed this to “making agriculture a business of profit and gradual industrialisation of the state.” But in spite of the high growth in per capita income, Madhya Pradesh remains one of the poorest states in the country with Bihar, Uttar Pradesh, Jharkhand and Assam at the bottom of the rung. Also, the annual per capita income of MP at Rs 54,030 is much below the national average of Rs 74,380.
Economist Jayantilal Bhandari said, "The more important thing is that Madhya Pradesh is no longer a Bimaru state as was the case a few years ago. MP's GDP has been double that of the country in the last few years. The services sector has been growing at more than 10% year-on-year over the last seven years, while the agriculture sector growth in 2013-14 was 24.99%." He also attributed the high growth to rapid improvement in infrastructure that has attracted more investments and led to more job creation.
The average monthly per capita income in Madhya Pradesh (at 2004-05 prices) stood at Rs 4,500 as against Rs 2,600 in Bihar, which is the poorest state in the country, as per the Economic Survey 2014-15 data. With a monthly per capita income of Rs 18,331, Delhi tops the list followed by Sikkim at Rs 14,707. The data for Goa, which had the highest per capita income in 2012-13, is not available for 2013-14.
First Published: Mar 03, 2015 21:17 IST