One third of the world’s poor live in India. This summer, it was estimated that the number of poor in India is at 148 million in 2014 as compared to 396 million in 2004-05…
This summer, according to the Planning Commission, in 2011-12 for rural areas, the national poverty line was estimated at Rs 816 per capita per month in villages and Rs 1,000 per capita per month in cities. This would mean that the persons whose consumption of goods and services exceeded Rs 33.33 in cities and Rs 27.20 per capita per day in villages were not poor. The Reserve Bank of India listed Indian states with highest poverty rates. Take a look at India’s States with highest poverty rates just a few months ago…
Percentage of people below poverty line: 39.93
One of the fastest developing States in India, Chhattisgarh contributes 15 per cent of the total steel produced in India. Chhattisgarh became a State in 2000 after its separation from Madhya Pradesh.
Percentage of people below poverty line: 36.96
Jharkhand was a part of Bihar till 2000. Jharkhand, which means ‘The land of forests’accounts for 40 per cent of India’s mineral resources.
Percentage of people below poverty line: 36.89
Manipur was formed in 1972. Agriculture, forestry, cottage industries contribute to its economy.
Percentage of people below poverty line: 34.67
Arunachal Pradesh, the largest among the northeastern States was formed in 1987. Agriculture primarily drives the economy.
Percentage of people below poverty line: 33.74
Established in 1936, Bihar has now become one of the fastest growing States.It is also the largest producer of vegetables.
Percentage of people below poverty line: 32.59
Established in 1936, Odisha is the 9th largest State by area in India. The State is rich in natural resources and a hotspot for overseas investors. The country biggest FDI project, Posco’s steel plant will come up in Odisha.
Percentage of people below poverty line: 31.98
Agriculture and oil sectors drive the State’s economy. Assam is one of biggest producers of tea in the world.
Percentage of people below poverty line: 31.65
Madhya Pradesh is the second largest State in the country by area. The State has the largest reserves of diamond and copper in India.
Percentage of people below poverty line: 29.43
Established on 1 April 1937, as the United Provinces, the State was renamed Uttar Pradesh in 1950. Uttar Pradesh is the fourth largest Indian Stateby economy.
Percentage of people below poverty line: 20.91
Karnataka is the manufacturing hub for some of the largest public sector industries in India. It is also a hotspot for IT and biotechnology companies.
Percentage of people below poverty line: 20.40
One of India’s smallest States, Mizoram has an agrarian economy.
Percentage of people below poverty line: 19.98
India’s fourth-most populous State, West Bengal is the sixth-largest contributor to India’s GDP.
Percentage of people below poverty line: 18.88
Nagaland became the 16th Indian State in December 1963. The State is rich in mineral resources.
Percentage of people below poverty line: 17.35
Maharashtra is one of the wealthiest and most developed States in India.
Percentage of people below poverty line: 16.63
Gujarat has one of the major industrial hubs in India.
With double-digit growth rates, Gujarat is ahead of other States.
Assocham Study :UP LOWEST AMONG BIMARU STATES IN 9-YEAR GROWTH
Bihar has ranked on top among the BIMARU States registering highest growth rate of 9.3 per cent. Clocking the slowest compounded annual growth rate (CAGR) of about 6.9 per cent in terms of gross State domestic product, Uttar Pradesh is the lowest among the traditional BIMARU States (Bihar, Madhya Pradesh, Rajasthan and UP) in this regard during the past nine years i.e. During 2004-05 and 2012-13, according to an ASSOCHAM study…
A study titled ‘Analysis of BIMARU States,’ conducted by ASSOCHAM said “Bihar has ranked on top among the BIMARU States registering highest growth rate of 9.3 per cent in GSDP during the aforesaid nine year period followed by Madhya Pradesh (8.8 per cent) and Rajasthan (8.2 per cent) even as India’s overall gross domestic product (GDP) grew at 8 per cent during 2004-05 and 2012-13.”.
“Though UP’s share in terms of contribution to Indian economy has remained highest during the aforesaid period, its share has dipped from 8.8 per cent as of 2004-05 to 8.1 per cent as of 2012-13. The share of other States in BIMARU category though has remained stagnant over these years but has slightly improved – Bihar (from 2.6 per cent to 2.9 per cent), MP (3.8 per cent to 4 per cent) and Rajasthan (4.3 per cent to 4.4 per cent),” the study prepared by ASSOCHAM Economic Research Bureau (AERB) said.
“Total share of BIMARU States to India’s economy has also slightly dipped from 19.5 per cent as of 2004-05 to 19.4 per cent as of 2012-13,” D S Rawat, national secretary general of ASSOCHAM said while releasing the chamber’s study.
Even on the agriculture and allied sector front, UP has proved to be the slowest in CAGR at 2.9 per cent, well below the national growth rate of 3.7 per cent, it said.
Madhya Pradesh clocked highest growth rate of 7 per cent in terms of agriculture and allied sector performance amid BIMARU States followed by Rajasthan (4.8 per cent) and Bihar (4.7 per cent).