Economic survey project

Introduction
Gross Domestic Product or GDP
Gross domestic product in a economy is defined as the market value of all the final
goods and services delivered in a country in a period of one year. GDP is a important
measure or indicator of economic progress in a country. GDP is very closely related to
another measure of economy the Gross national product. GNP is different from GDP in
that it stands for market value of total output in a country produced by citizens of that
country within a period of one year. The major difference between the two is the input
quantity of each measure. GDP includes all goods and services produced in a country
irrespective of the nationality of the firms or citizens producing such goods. Gross
national products will include all goods produced by the nationals irrespective of their
geographical location in the globe.

PER CAPITA INCOME

A measure of the amount of money that is being earned per person in a certain area.
Income per capita can apply to the average per-person income for a city, region or
country and is used as a means of evaluating the living conditions and quality of life in
different areas. It can be calculated for a country by dividing the country's national
income by its population.

Analysis
From the table of various states growth rate and per capita income we can observe
that:The average growth rates (from 2005-06 to 2013-14) of Net State Domestic Product
and Per Capita Net State Domestic Product of various states are as follow:
State

Andhra Pradesh
Bihar
Chhattisgarh
Goa
Gujarat
Haryana
Jharkhand
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Odisha
Punjab
Rajasthan
Tamil Nadu
Uttar Pradesh
West Bengal

Average Net State

Domestic Product
(at current prices)
16.18%
19.29%
15.68%
13.69%
16.54%
17.17%
13.61%
15.21%
14.5%
16.93%
16.36%
14.97%
14.33%
17.01%
16.62%
14.62%
14.59%

Average Per Capita Net

State Domestic Product
(at current prices)
15.07%
17.57%
12.54%
10.08%
14.90%
15.17%
12%
13.98%
13.63%
15.01%
14.7%
13.47%
12.39%
15.07%
15.82%
12.58%
13.48%

Note: The data for 2013-14 is not available in the table for states like Goa, Gujarat, Kerala, and
Maharashtra so we have considered from 2005-06 to 2012-13.

25.00%

20.00%

15.00%

10.00%

5.00%

Average Net State Domestic

Product
Average Per Capita Net State
Domestic Product

0.00%

From the above table we can observed that Bihar has maximum economic
growth and maximum economic development as Bihar has maximum average
Net State Domestic Product that is 19.29% and maximum average Per Capita
Net State Domestic Product that is 17.57%. Bihars average rate of increase in
goods and services producing ability is highest and so people get benefited from
it as their Per capita Income has increased over the years.
Goa has the lowest Per Capita Net State Domestic Product that is 10.08% so it
can be said that per capita income of people in Goa is lowest.
Jharkhad has the lowest Average Net State Domestic Product that is 13.61% so
it can be said that growth of Jharkhand is lowest in goods and services producing
ability.
Excluding Bihar and Madhya Pradesh all other states have shown a decrease in
their growth rate as compared to previous year starting from 2010-11 to 2013-14.

State

Andhra Pradesh
Bihar
Chhattisgarh
Goa
Gujarat
Haryana
Jharkhand
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Odisha
Punjab
Rajasthan
Tamil Nadu
Uttar Pradesh
West Bengal

Net State Domestic

Product (2004-05)
(in Crore)
201303
70167
41387
10999
172265
86222
53056
148729
104776
99940
370023
67987
86108
112636
193645
231029
190029

Net State Domestic

Product (2013-14)
(in Crore)
773159
338056
151023
29888
584367
357904
163346
529191
309332
406055
1239104
235166
286875
459322
769476
788421
646794

Percentage
Increase
284.08%
381.79%
264.90%
171.73%
239.23%
315.10%
207.87%
255.81%
195.23%
306.30%
234.87%
245.90%
233.16%
307.79%
297.36%
241.26%
240.37%

Note: The data for 2013-14 is not available in the table for states like Goa, Gujarat,
Kerala, and Maharashtra so we have considered from 2005-06 to 2012-13.

% Increase in NSDP from 2004-05 to 2013-14

450.00%
400.00%
350.00%
300.00%
250.00%
200.00%
150.00%
100.00%
50.00%
0.00%

Percentage
Increase

From the above it can be said that Bihar has gained the highest percentage
increase in Net State Domestic Product i.e. 381.79% from 2004-05 to 201314. So it can be said economic growth in Bihar is highest.
While Goa has gained the lowest percentage increase in Net State Domestic
Product i.e. 171.73% from 2004-05 to 2012-13. So Goas economic growth is
lowest.
Maharashtras Net State Domestic Product is highest, i.e. 1239104/- Crore
(2012-13), so the economic performance of it is best and its contribution to
nations GDP is highest.
While, the Net State Domestic Product of Chhattisgarh is lowest, i.e. 151023/Crore (2013-14), so the economic performance of its is lowest.

State

Andhra
Pradesh

Bihar
Chhattisgarh

Goa
Gujarat
Haryana
Jharkhand
Karnataka
Kerala
Madhya
Pradesh
Maharashtra
Odisha
Punjab
Rajasthan
Tamil Nadu
Uttar Pradesh
West Bengal

Per Capita
Net State
Domestic Product
(2004-05)
(in Rs)
25321

Per Capita
Percentage
Net State
Increase
Domestic Product
(2013-14)
(in Rs)
89214
252.33%

7914
18559
76996
32021
37972
18510
26882
31871
15442

33459
56990
161822
96976
135007
50125
86788
88527
54030

322.78%

36077
17650
33103
18565
30062
12950
22649

107670
54241
94532
65098
112331
37579
70615

198.44%
207.31%
185.57%
250.65%
273.66%
190.19%
211.78%

207.07%

110.17%
202.85%
255.54%
170.80%
222.85%
177.77%
249.89%

Note: The data for 2013-14 is not available in the table for states like Goa, Gujarat,
Kerala, and Maharashtra so we have considered from 2005-06 to 2012-13.

% Increase in Per Capita

NSDP from 2004-05 to 2013-14
450.00%
400.00%
350.00%
300.00%
250.00%
200.00%
150.00%
100.00%
50.00%
0.00%

Percentage
Increase

From the above table we can say that Bihar has highest increase in Per Capita
Net State Domestic Product, i.e. 322.78%. Peoples standard of living and
lifestyle will be improve by economic growth.
Whereas, in Goa it is Lowest, i.e. 110.17%. So Peoples standard of living and
lifestyle will be less accordingly.
The per capita net state domestic product of Bihar is lowest for the year
2013-14. It is 2.40% of total per capita net state domestic product.
Though slow rate of increase in Per Capita Net State Domestic Product of Goa,
the per capita income in Goa is highest i.e. Rs. 161822/-. It contributes
11.60% of total per capita net state domestic product.