Major food grains like rice, wheat, maize, millet bajra , gram, pea, and lentils are mostly produced in the state. In alone, investment intentions meriting Rs.
Situated in the eastern part of India, West Bengal is one of the richest states in India and the state shares its borders with Jharkhand, Bihar, Odisha, Sikkim, and Assam. The state also shares international borders with countries like Bangladesh, Bhutan, and Nepal. According to ibef. West Bengal is the largest producer of rice in India with a totalled rice production of The state is also the major producer of fish and during , the state produced 1.
It is also the second-largest tea-producing state in India. Rajasthan is one of the richest states of India as well as the largest state of India in terms of area.
The state situated in the northwest part of the Indian subcontinent. The state is also one of the largest mineral-producing states in India. Rajasthan is famous for the production of decorative stones, such as marble, sandstone, and granite. Tourism also contributes significantly to the economy and historic palaces, like Jaipur and Udaipur offers luxurious tourism opportunity. The state also has good connectivity options, good power, airport, IT, and port infrastructure.
Formed in June , Telangana is one of the richest states in India with Hyderabad as its capital. Help us delete comments that do not follow these guidelines by marking them offensive. Let's work together to keep the conversation civil.
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He has met with limited success so far. Daily prices of petrol and diesel are supposed to be decided by the market. The comparison of the sectoral GVA from the NAS and employment shares from the Periodic Labour Force Survey or PLFS for at the national level brings out starkly a well-known fact — among the non-farm sectors, construction, trade, hotels and restaurants, and manufacturing are the labour-intensive sectors Figure 2.
Economic development, especially based on manufacturing, tends to create better quality jobs and benefit people more when they move out of farming.
In contrast, a higher share of skilled professional and financial services, given the nature of their tech-intensive production functions, are inherently more productive, thereby requiring a much smaller proportion of employment.
While the largest gross value added is created by these sectors at the national level nearly 22 per cent , it directly employs the lowest proportion of labour 4 per cent.
While the forward and backward linkages of high-skilled sectors do create jobs in other sectors, the indirect job creation tends to be in low-skilled services and construction. For example, in Tamil Nadu, television sets and mixers have been given free to a section of the population by earlier governments.
Similarly, the decision to purchase a vehicle also depends on the state of public transport and geography of the region, distance from home to workplace, and so on. After careful consideration, we take the refrigerator ownership as a proxy for how far the prosperity has spread in these states.
Higher is the inclusiveness of growth with more quality job creation, higher should be refrigerator ownership. There may be cultural reasons such as a preference for eating fresh food, but these are unlikely to vary among states. The refrigerator requires a complementary good in terms of reliable power supply and if the lack of power supply is what holds people back from acquiring an asset, it too reflects on the lack of inclusive growth. Gujarat is a clear leader in terms of the percentage of households owning a refrigerator at 46 per cent in , followed by Tamil Nadu.
Tamil Nadu leads in terms of the increase in refrigerator ownership between and In contrast, Karnataka, which had a similar level of refrigerator ownership as Tamil Nadu in , was way behind 10 years later with only 1 in 4 households owning it Figure 3. This is a similar level of ownership that Gujarat had seen 10 years earlier. It appears that the states with more balanced development models or a focus on labour-intensive sectors can spread prosperity wider.
Another indicator that provides insights into the spread of prosperity is the quality of housing, either owned or rented Figure 4. Once again, in terms of good quality housing, Tamil Nadu and Gujarat lead while Karnataka reports its share of households living in a pucca house in well below the levels seen in Gujarat and Tamil Nadu a decade earlier. In sum, the experience of key Indian states on their road to prosperity seems to reiterate the findings in the international context that more balanced economic development is a key to more inclusive growth.
This article is the third in the workforce series. Read all the articles here. Sankalp Sharma is post-graduate student, Madras School of Economics.
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