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MAHA, UP SPEARHEAD INDIA'S POSTPANDEMIC GROWTH: SBI REPORT
The Business Guardian
|March 28, 2024
On the Gross State Domestic Product (GSDP) front, Gujarat has notably doubled its economic output, marking a 2.2 times increase over the last decade
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Amidst the challenges posed by the COVID-19 pandemic, the Indian economy has shown remarkable resilience, marked by a significant surge in average real GDP growth to 8.1 per cent, a substantial rise from the 5.7 per cent growth witnessed in the pre-pandemic period.
As per the most recent report by State Bank of India (SBI) Research, Maharashtra and Uttar Pradesh have taken the lead in contributing to the 235 basis point (bp) growth, with 56 bps and 40 bps respectively, while the remaining 90 bps have originated from other states.
On the Gross State Domestic Product (GSDP) front, Gujarat has notably doubled its economic output, marking a 2.2-fold increase over the last decade.
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