Knowledge Creed
Nov 13, 20211 min
GSDP is the total of value added by different economic sectors (Agriculture, Industry & Services) produced within the boundaries of the state calculated without duplication during a year. It is one of the measures of economic growth for a state's economy.
From Gross State Domestic Product (GSDP), the Consumption of Fixed Capitals (CFC) is deducted to arrive at NSDP, i.e., NSDP = GSDP - CFC.
The top states in terms of absolute volumes of NSP in Rupees Crore: Maharashtra, Tamil Nadu, Uttar Pradesh, Gujrat, Karnataka & West Bengal
Top States with highest CAGR % in 8 years i.e. from 2011-12 to 2019-20 : Gujrat(9.1%), Karnataka(7.5%), Haryana(7.4%), MP(7.2%), Delhi(7%) & H.P.(7%)
Sources: http://www.desorissa.nic.in/state-income.html & RBI