Gujarat, TN, Karnataka biggest beneficiaries of 1990s reforms: PM-EAC report
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, a working paper by the Prime Minister’s Economic Advisory Council (EAC-PM) shows.
Maharashtra’s share in national GDP fell from 14.6 per cent in 1990-91 to 13.3 per cent in 2023-24. It still tops among states. While Tamil Nadu’s share fell from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it has seen a turnaround, with its share in national GDP reaching 8.9 per cent in 2023-24.
In Gujarat too, there was a turnaround, with the share rising from 6.4 percent in 1990-91 to 8.1 percent in 2022-23.
With the emergence of Bengaluru as a technology hub, Karnataka’s share rose from 5.3 per cent in 1990-91 to 8.2 per cent in 2023-24.
First publication: Sep 19, 2024 | 12:47 AM IST