Bihar, Gujarat to Match US $50,000 PC-GDP in 3000-400 Yrs
NK Singh gave Bihar 1.2% India F. Capital, $16 GDP Growth
NK Singh and other economists ADMITTED – Public Savings rate in India had declined to 12% or between 10% to 15% against 30% or more earlier and 40% in China, richest 1% make 72% Income up from 52%, not giving exact figures because there was no presentation of actual data.
Exactly a month ago I had reported based on RBI Report – When Gujarat registered Rs.8,874 or $130 annual Per Capita GDP growth Bihar registered only Rs.1,122 or $16 annually – or Monthly increment of Rs.100 or $1.4 only. At this rate BIHAR will match USA present $50,000 per Capita GDP in 3000 Years and Gujarat 400 years.
Even this $130 for Gujarat and $16 for Bihar is not EQUALLY DISTRIBUTED – 1% get 76% of the GDP growth – 99% practically getting nothing.
India is running out of Resources at just $2,000 Per Capita GDP achieved in over 72 years. Made three interventions – Rs.5,00,000 Cr sucked up as TAXES on Petroleum Products – IMPACTS every sector of economy. Many sectors like RAILWAYS are under Performing and Punjab produces 80 million tones of Foods but practically no Processing – PEPSI Plant relocated in drought prone state.
Per Capita State GDP Growth Since FY2012 – in Rs./Year at Constant Prices
Rank
|
Major States
|
FY2012
|
FY2017/18
|
Difference
|
Per Year
|
1.
|
Gujarat
|
87,481
|
131,853
|
44,372
|
8,874
|
2.
|
Haryana
|
106,085
|
143,211
|
37,126
|
7,425
|
3.
|
Karnataka
|
90,263
|
134,118
|
43,855
|
7,309
|
4.
|
Telengana
|
91,121
|
134,402
|
43,281
|
7,213
|
5.
|
Maharashtra
|
99,564
|
140,997
|
41,433
|
6,905
|
6.
|
Uttarkhand
|
100,305
|
139,435
|
39,130
|
6,522
|
7.
|
Himachal P.
|
87,721
|
125,607
|
37,886
|
6,314
|
8.
|
Andhra Pradesh
|
69,000
|
106,545
|
37,545
|
6,257
|
9.
|
Kerala
|
97,912
|
128,550
|
30,638
|
6,128
|
10.
|
Tamilnadu
|
92,984
|
126,179
|
33,195
|
5,532
|
11.
|
Punjab
|
85,577
|
105,386
|
19,809
|
3,962
|
--
|
INDIA
|
63,482
|
86,668
|
23,186
|
3,864
|
12.
|
Orissa
|
48,370
|
67,522
|
19,152
|
3,192
|
13.
|
Rajasthan
|
57,192
|
76,146
|
18,954
|
3,159
|
14.
|
Madhya Pradesh
|
38,551
|
53,047
|
14,496
|
2,899
|
15.
|
Chhatisgarh
|
55,177
|
71,581
|
16,404
|
2,734
|
16.
|
West Bengal
|
51,543
|
65,978
|
14,435
|
2,406
|
17.
|
Assam
|
41,142
|
52,416
|
11,274
|
2,255
|
18.
|
J&K
|
53,173
|
62,145
|
8,972
|
1,794
|
19.
|
Jharkhand
|
41,254
|
50,562
|
9,308
|
1,551
|
20.
|
Uttar Pradesh
|
32,002
|
40,815
|
8,813
|
1,469
|
21.
|
Bihar
|
21,750
|
28,485
|
6,735
|
1,122
|
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