Published On:29 August 2011
Posted by Indian Muslim Observer

'Central Indian State Madhya Pradesh poised to emerge as economic force'

By Pervez Bari

Bhopal: Following committed efforts made over last six-seven years, Bharatiya Janata Party ruled Madhya Pradesh, the central Indian province, is now poised to emerge as an economic giant.

According to an American firm, Dun Bradstreet "India 2020", Madhya Pradesh will be contributing significantly to the economic growth of India.

An official Press release on Sunday said that in 2007, at the Global Investors' Summit at Indore, leading industrialists Mr. Anil Ambani had also said that Madhya Pradesh with immense natural wealth, central geographical location and a committed government, should be prepared to play a leading role in economic growth of the country.

Both these predictions seem to be prophetic, given the fact that Madhya Pradesh has been registering impressive economic growth rate over last six-seven years. The economic growth rate (GSDP) of the State was a negligible 3 per cent in year 2004-05. As per the assessment made using the available data through the method evolved by Government of India, the economic growth rate has been assured at 9 per cent in year 2010-11.

This achievement assumes added significance given the fact that the State witnessed heavy damage to Arhar, Gram and linseed crops due to frost in January and 26 per cent deficient rainfall in 2010-11. In the preceding year 2009-10, the State posted a remarkable 9.55 per cent economic growth rate defying a no less than 35 per cent deficient rainfall.

It may be mentioned here that the area under gram increased 3.3 per cent but the production was 16.6 per cent less. The area under Arhar crop increased by 48.3 per cent, but the fall in production was 36.1 percent. Similarly, linseed was sown in 16.4 per cent more area, but the production was 13.2 per cent less. All this thanks to frost.

It also deserves a special mention that in year 2009-10, the agriculture growth rate was 7.2 per cent while the national average agriculture growth rate was negligible. The industrial growth rate during the period was 10.1 per cent.

In comparison to large States with higher economic growth rate, in 2009-10 Madhya Pradesh was third after Orissa and Chhattisgarh and in 2010-11 also at third place after Bihar and Chhattisgarh.

As per an all India survey for poverty assessment, the per capital consumption in rural Madhya Pradesh is higher than five major States Bihar, Chhattisgarh, Orissa, Uttar Pradesh and Jharkhand.

In urban Madhya Pradesh, the per capita consumption is higher than six States. These include Rajasthan in addition to the above mentioned five States.

[Pervez Bari is a Journalist based at Bhopal, Madhya Pradesh. He can be contacted at pervezbari@eth.net]

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Posted by Indian Muslim Observer on August 29, 2011. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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