10 Fastest Growing States of India

Madhya Pradesh:

Madhya Pradesh, often called the ‘Heart of India’, is another fastest growing state in the country. It has a 5 Years CAGR of 9.34 percent. The growth rate of the state (GSDP) which was merely three percent in 2004-05 was estimated to have shot up to nine percent in 2010-11.

Jharkhand:

Jharkhand also makes it to the list of fastest growing states in India. The state has a 5 Years CAGR of 9.07 percent. Jharkhand has a concentration of some of the country’s extremely industrialized cities like Jamshedpur, Bokaro Steel City, Ranchi, and Dhanbad. Further, the state’s gross state domestic product for 2004 is estimated at $14 billion at current prices. Born out of partition from old Bihar state in 2000, Jharkhand produces about 70 percent of the output of the old Bihar state. The state also has immense mineral resources. Jharkhand has an urbanization ratio of 24.1 percent.