Economic liberalisation that began in the 1990s appears to have benefited Gujarat, Haryana, Karnataka, Tamil Nadu and Delhi the most as their share in national GDP increased significantly between 1990-91 and 2023-24, according to a working paper of the Economic Advisory Council of the Prime Minister (EAC-PM).
Maharashtra’s share in the national GDP fell from 14.6 per cent in 1990-91 to 13.3 per cent in 2023-24. It still holds the top position among the states. Though Tamil Nadu’s share declined, from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it has seen a turnaround and its share in the national GDP has reached 8.9 per cent in 2023-24.
Gujarat also saw a change in fortunes as its share reached 8.1 per cent in 2022-23 from 6.4 per cent in 1990-91.
Bengaluru’s rise as a technology hub has seen Karnataka’s share rise from 5.3 per cent in 1990-91 to 8.2 per cent in 2023-24.
First published: September 19, 2024 | 00:47 IS
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