Indian States Showcase Economic Resilience with Over 7% GSDP Growth Post-Pandemic.

India's states have exhibited strong economic resilience post-COVID-19, with 25 states recording over 7% growth in their Gross State Domestic Product (GSDP) during FY22 and FY23, as per the PHD Chamber of Commerce and Industry (PHDCCI) report. Among them, 17 states, including Gujarat, Kerala, Telangana, Rajasthan, West Bengal, Bihar, Karnataka, Uttar Pradesh, Haryana, and Odisha, achieved an impressive 9% growth rate. The report underscores the sectoral strengths contributing to India's economic growth, highlighting Punjab, Haryana, and Uttar Pradesh as leaders in agricultural production. Chhattisgarh, Madhya Pradesh, and Odisha have leveraged their industrial and mineral wealth, while Maharashtra, Gujarat, and Karnataka excel in industrial and technological advancements. Tourism-centric states like Kerala, Rajasthan, and Goa boost foreign exchange earnings. Infrastructure development in Tamil Nadu and Andhra Pradesh, along with renewable energy initiatives in Rajasthan and Gujarat, align with sustainable development goals. Improved connectivity in Northeastern states has transformed them into trade and tourism hubs. Human development achievements in Kerala and Tamil Nadu, coupled with initiatives like Gujarat's Vibrant Gujarat Summit and Telangana's IT corridor, have attracted foreign investments, amplifying India's global outreach. PHDCCI proposes a nine-pronged strategy to sustain and enhance state-level growth, focusing on improving ease of doing business, reducing costs, accelerating infrastructure development, promoting sustainable growth, boosting the services sector, and fostering skill development and innovation.

      - Punjab, Haryana, and Uttar Pradesh lead in agricultural production.

      - Chhattisgarh, Madhya Pradesh, and Odisha excel in industrial growth. Maharashtra, Gujarat, and Karnataka drive industrial and technological advancements.

      - Kerala, Rajasthan, and Goa boost tourism and foreign exchange earnings. Tamil Nadu and Andhra Pradesh lead in infrastructure development. Rajasthan and Gujarat focus on renewable energy. Northeastern states improve connectivity, enhancing trade and tourism.

Main Point :-   (i) 25 states recorded over 7% GSDP growth in FY22 and FY23.

      (ii) 17 states achieved over 9% growth, including Gujarat and Kerala.

(iii) PHDCCI proposes a nine-pronged strategy for sustained growth.