Guj leads in growth, South needs to catch up
Monday, 28 March 2011, 15:11 IST
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Bangalore: As a result of its focused growth initiatives, Gujarat has leaped ahead of other Indian states in growth, whereas the states in South India are witnessing a slump in growth, according to a report. Gujarat has witnessed growth at the rate of 11 per cent as compared to the all indian growth average of nine per cent, states the report by Mckinsey & Co. However, South India has seen a slow down in GDP growth rate, despite its overall strong position, McKinsey & Co Partner Ananth Narayan said. Ananth Narayan was present at the conference "The Next Wave of Growth- South India", organised by the Confederation of Indian Industry, where the McKinsey report was released. In the recent years (2005-10), the real GDP growth in Gujarat has been 11.3 per cent as against 11 per cent in Haryana, 9.6 per cent in Bihar, 8.
Source: PTI
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