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Indian GDP nos. are shrinking because of somewhat saturation in the large & rich states of Maharashtra, Gujarat etc. India can revive it's growth & maybe cross even the double digit mark by boosting the economy of the earlier poor states of Bihar, MP, UP etc. the new transformation of these states from 'BIMARU' to 'SUDHARU' states can really bring back the India growth story & this time it will be true 'India Shining'!!!
 
NEW DELHI: Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab-until recently the preferred destination of Bihari migrant workers.

Among the top five states, Bihar is followed by Delhi and Puducherry. Mineral-rich Chhattisgarh, which many had written off for the violent Naxal movement, and Goa complete the top five growth listings, according to data available with the ministry of statistics.

Gujarat-a favoured destination for investors, both domestic and foreign-is again out of the reckoning for the top five slots, expanding 9.1% during the last financial year, according to data submitted to the Planning Commission on Friday. Among the more industrialized states, only Tamil Nadu was ahead of Gujarat with 9.4% growth (at 2004-05 prices).


Punjab, known as the grain bowl of India, Andhra Pradesh and Karnataka, both IT hubs, and Uttar Pradesh, the country's most populous state, clocked growth that was lower than India's GDP growth of 6.5% in 2011-12.

Economists, however, said that 9% growth by some of the larger states such as Gujarat and Tamil Nadu was credible given that they were growing on a much larger base.

In comparison, states such as Bihar and Chhattisgarh had a much lower base. For instance, at 2004-05 prices, economic activity in Tamil Nadu's was estimated at Rs 4.28 lakh crore, the highest among states for which data is available with the Central Statistics Office (CSO), while Bihar's gross state domestic product (GSDP) at 2004-05 prices was estimated at Rs 1.63 lakh crore.

In fact, Tamil Nadu beat Uttar Pradesh as the second largest state economy, after Maharashtra. UP's economy was estimated to be worth Rs 4.19 lakh crore in 2011-12, while Maharashtra, for which data is unavailable, is expected to retain its number one slot given that its economy was worth over Rs 7 lakh crore in 2010-11. In recent years, Maharashtra has lost out on investment to states such as Gujarat and Tamil Nadu and growth has slowed.


With the Bihar government taking up road building and other construction work in a big way, and with the state's law and order situation improving, consumers who were earlier wary of flaunting their wealth are now buying cars and bikes at an unprecedented pace. Rural demand too has got a boost with agricultural productivity rising for several crops, and with an improvement in connectivity and state-funded programmes for education, health and livelihood. Bihar is currently among the fastest growing markets for tractors.

"There are two things happening in Bihar. One, investment sentiment has picked up largely because of governance issues. Two, Bihar's growth is against a very low base. But there is a lesson in it for others," said N R Bhanumurthy, professor at the National Institute of Public Finance & Policy.

"States with internal demand will do better while those that are dependent on corporate demand tend to perform relatively worse at a time when corporate investments are low," added Pronab Sen, principal advisor in the Planning Commission and a former chief statistician.

Incidentally, data for Madhya Pradesh and Rajasthan, which made up what were once the Bimaru states, was unavailable.

Bihar is country's fastest growing state at 13.1% - The Economic Times


It used to be said that u cant change system in india, infact the system will change u. Nitish kumar proves it wrong. :cheers: to him. this state is moving towards industrilisation so quick that soon in a decade we might have to move to bihar.

today we were talking that there are only few people who lift their state/country, if we may get these few people and Mr Nitish Kumar is the man, Bihar wanted and they have got. it was only Indira Gandhi who made almost every key strength of India. the current few of CHinese rulers like Mr Hu Jintao who have helped CHina get on average over 10% growth for last around 20 years. Russia has Mr Putin, who got control over Russia in 2000 when it reached its lowest per capita income on PPP in 2000 and since then, it registered excellent growth rate getting its highest per capita income on PPP by 2007, the economic size it had in 1990. and now Russia is a true replacement of SU, even if we now have BRICS as whole.

have a look on the growth story of Bihar for last 8 years as below, during time of Mr N Kumar. Bihar would be considered as the fastest growing region of the world during last 8 years, i think

in January 2010, the Indian government's Central Statistics Organisation reported that in the five-year period between 2004–05 and 2008–09, Bihar's GDP grew by 11.03%, which made Bihar the second fastest growing economy in India during that 5 year period, just behind Gujarat's growth of 11.05%

Economy of Bihar - Wikipedia, the free encyclopedia


during the reccession period of 2009-10, Bihar registered' low' growth as below:

After registering an impressive 13.06 per cent growth in 2008-09, the rate of expansion in Bihar’s economy decelerated to 8.56 per cent in the last fiscal but remained above the national average, Rajya Sabha was informed on Tuesday

The Hindu : States / Other States : Bihar’s growth rate stays above national average: Pranab


and during last 2 years datas are as below:

13725734.cms


Bihar is country's fastest growing state at 13.1% - The Economic Times
 
Good job Mr.Nitish kumar....he's a prime example of how effective government policies can uplift even the most backward of societies :cheers:
 
Indian GDP nos. are shrinking because of somewhat saturation in the large & rich states of Maharashtra, Gujarat etc. India can revive it's growth & maybe cross even the double digit mark by boosting the economy of the earlier poor states of Bihar, MP, UP etc. the new transformation of these states from 'BIMARU' to 'SUDHARU' states can really bring back the India growth story & this time it will be true 'India Shining'!!!

o hello bhaisahab.... gujrat grew at 9% this time.. But yes, what is dragging us down are worthless states like UP, WB, MP etc..
 
today we were talking that there are only few people who lift their state/country, if we may get these few people and Mr Nitish Kumar is the man, Bihar wanted and they have got. it was only Indira Gandhi who made almost every key strength of India. the current few of CHinese rulers like Mr Hu Jintao who have helped CHina get on average over 10% growth for last around 20 years. Russia has Mr Putin, who got control over Russia in 2000 when it reached its lowest per capita income on PPP in 2000 and since then, it registered excellent growth rate getting its highest per capita income on PPP by 2007, the economic size it had in 1990. and now Russia is a true replacement of SU, even if we now have BRICS as whole.

have a look on the growth story of Bihar for last 8 years as below, during time of Mr N Kumar. Bihar would be considered as the fastest growing region of the world during last 8 years, i think




during the recessional period of 2009-10, Bihar registered' low' growth as below:




and during last 2 years datas are as below:

13725734.cms


Bihar is country's fastest growing state at 13.1% - The Economic Times

akali-bjp..........good job with the buses..................economy of punjab can go to gutter as long as badal got the buses
 
Underdeveloped states have scope for faster growth than the devoloping ones! then again.. you need a able leader to exploit that & good to see Nitish Kumar is doing just that!
 
Laluji ki toh dukan 10-15 saal ke liye bandh ho gayi........:cheesy:
 

Air India may not survive if strike continues


The losses, according to a senior Air India official in Mumbai, are among the biggest suffered by the airline due to any strike. "Current load factor (passenger traffic) is at an all-time low for the international segment. Being the peak travel season, the overall losses will be far above the predictedrevenue drain of Rs 400 crore," the official in the operations arm of the airline said.


http://ibnlive.in.com/news/ai-may-not-survive-if-strike-continues-official/263955-3.html
 
India is 2nd-strongest BRIC in machine tool production and consumption

2p21r.jpg

At $875 million, India edged out Brazil for the distinction of second-strongest BRIC country in machine tool production!

t1xoD.jpg

Though India has a smaller GDP than Brazil or Russia, the greater Indian consumption of machine tools seems to indicate a larger Indian manufacturing sector.

Reference: 2012 World Machine Tool Output & Consumption Survey - Producers
 
Kerala to adopt ‘Gulf’ model for interstate workers: State minister

DUBAI: Kerala is becoming another “Gulf” for interstate labourers and the state is determined to promulgate labour regulations such as registration of all interstate labourers and companies, food and accommodation and other benefits, visiting minister of Labour and Rehabilitation of Kerala Shibu Baby John, said.

He also said that the government wants to “re-brand Kerala with necessary changes in outlook and focus on our strengths,” with the launch of Emerging Kerala, a biennial global connect event.

The shortage of blue collared labourers in Kerala and the influx of inter-state labourers who stay in shanty towns and slum-like accommodations have boosted the crime rates in the state and the state government is taking action to stop it, the minister said.

The minister was speaking to the media during a press conference to announce the upcoming Global Engineers Meet and Technical Expo (Gemtex- 2012) organised by Kerala Engineering Alumni (Kera).

Gemtex will be held on June 15 at Jumeirah Emirates Towers Hotel, Dubai, said Bhasker Gollapudi, President (Kera). Kera, the largest professional grouping in the UAE, is an independent, nonprofit organisation, positioned as the unifying body of the alumni forums of the premier engineering colleges in the Indian state of Kerala. Formed in 2004, Kera functions under the patronage of Indian Community Welfare Committee (ICWC) Dubai, UAE, with nearly 7,000 registered members in the UAE.

The Government of Kerala is associating with Kera and using Gemtex 2012 to bring together potential investors in the UAE under the umbrella of a biennial Global Connect event positioned as ‘Emerging Kerala’ to be held in Kochi from Sept 12-14. The road show of Emerging Kerala in Dubai, the third of its kind after Delhi and Mumbai, will be held during Gemtex, he said. Gemtex will have a technical exhibition of Kera entrepreneurs and other service providers in the UAE followed by technical seminars/workshops to be attended by technocrats and business leaders from different parts of the world.

Over 1,000 engineering professionals from the UAE are expected to participate in this event. Participants will present various investment proposals, seeking single window clearance from the government.
gulftoday.ae | Kerala to adopt

Bullet train service in Kerala by 2021 likely
KANPUR: Kerala will become first state in the country where the bullet train capable of running at a speed of 350 km/hour would be introduced. This high speed train would run on a 560-km-long stretch between Trivandrum and Kasaragod. The project would be a joint initiative of Kerala and the Union government and carried out under the guidance of E Shreedharan, principal adviser, Delhi Metro Rail Corporation.

Also known as Metro Man, Shreedharan had come to IIT-Kanpur as the chief guest on its 44th convocation ceremony. Answering a question, he said that the bullet train will run between Trivandrum and Kasaragod in Kerala by 2021. "We will be introducing bullet train in India on the pattern of Japan. The Japanese technology would be introduced. The feasibility report for launching the train in Kerala has already been prepared. By 2013, we will start the work in developing metro network between the two places," he said.He revealed that Lucknow is the next destination on the route map of metro and if things move in the right direction, metro net work will be laid in the state capital in the near future.

"The Lucknow Metro project report is ready and the dream of running a metro in Lucknow will come true soon as work will start shortly. A sum of Rs 3,500 would be incurred in launching metro services in the state capital, out of which the state government had to spend 20%, Union government 25 per cent and the remaining 55% of the cost would be raised through loans," he said.

In Lucknow, two lines of metro network have been proposed. The metro line project from Delhi to Ghaziabad has been accepted by the Union government and work in this regard would commence soon.

When questioned about the launch of metro services in the city, Shreedharan said that conditions in Kanpur for introducing the metro system are favourable but traffic congestion, encroachments and lack of political will are depriving the city of metro services.

He said that it takes atleast two-and-a half-year for launching the metro system in a city.

"As far as Kanpur is concerned no survey related to traffic, engineering etc has been done. The city requires metro network," he said.
Bullet train service in Kerala by 2021 likely - The Times of India
 
Underdeveloped states have scope for faster growth than the devoloping ones! then again.. you need a able leader to exploit that & good to see Nitish Kumar is doing just that!

Laluji ki toh dukan 10-15 saal ke liye bandh ho gayi........:cheesy:

People in Bihar are getting increasingly frustrated by the non-existing electricity. In my native, Power comes for 2-3 hours per day.When you have won an election in the name of development, the same should be shown on the ground. There has been no change what so ever in the electricity woes in Bihar. And this will cost Nitish Babu some votes...
 
Hyundai to set up diesel plant in India

New Delhi : In a piquant situation, Korean car maker Hyundai is starting from the scratch on plans to set up a diesel engine manufacturing plant in India with a fresh feasibility study, reversing an earlier Rs 400 crore proposal.

The company's wholly-owned arm, Hyundai Motor India Ltd (HMIL) had in 2010 announced to invest Rs 400 crore on a diesel engine plant under its then head Han Woo Park. It was, however, put on hold last year following slump in the market.

According to industry sources, HMIL has decided to revisit the entire project with a fresh feasibility study following a change in guard at the top management in March this year.

Park was replaced as Managing Director by Bo Shin Seo and returned to Korea as Chief Financial Officer of Kia Motors, an arm of the company's parent firm Hyundai Motor Co.

When contacted, a company spokesperson said: "Our feasibility study is going on. After that, we will decide whether we will go ahead with the plant or not."

It was expected that HMIL will go ahead with the plant in India after Budget spared the auto industry from 'diesel tax' and with the price of petrol much higher than that of diesel, the demand for diesel vehicles has jumped.

A source in the know of the development described the latest development regarding the company's diesel plant as "a strange move".

"The plant was earlier announced in 2010 after completing all the due processes and with all the necessary precautions. However, with the new MD and some new senior officials coming in, the company has started again the feasibility study," a source said.

In November last year, HMIL had put on hold its plan to set up a diesel engine manufacturing unit at an investment of Rs 400 crore due to the slowdown in the automotive market.

HMIL at that time had said it would hold the construction of the proposed plant at least for the "medium term".

The plant, which was announced by Park in December 2010, was envisaged to have an annual capacity of 1.5 lakh units for three types of engines -- 1.1 litre, 1.4 litre and 1.6 litre for the domestic market.

After the Budget in March this year, the company had said it would review setting up of the plant.

"We have to weigh the pros and cons as there has been no mention of diesel tax in the Budget. Within two weeks we will be taking a decision on whether we should go ahead with our diesel plant or not," a spokesperson for HMIL had said.

At present, the company imports diesel engines from Korea for its models such as 'i20' and 'Verna'. HMIL has an installed capacity to produce 6.7 lakh vehicles per annum.

In April this year, HMIL had said it ramped up production capacity of diesel variants of its sedan Verna and compact car i20 by up to 50 per cent.

"The supply of both the diesel cars taken together will go up almost 50 per cent from the existing 7,000 units per month to 10,500 units per month," it had said.

The company increased sourcing of diesel engines from South Korea following increased demand of such cars in India due to rising price differential between petrol and diesel.

Demand for diesel cars has been rising in India. HMIL's domestic sales went up 2.85 per cent at 32,010 units compared to 31,123 units in the year-ago period.

In 2011, HMIL's domestic sales increased to 3,73,709 units, registering a growth of 4.76 per cent from 3,56,717 units in the previous year.


Hyundai to set up diesel plant in India

Maruti Suzuki to invest Rs 4,000 cr in Gujarat car plant


Vendors, ancillary units seen chipping in equal amount; :woot:State allots 700 acres for project

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Maruti Suzuki to invest Rs 4,000 cr in Gujarat car plant

Gandhinagar: Maruti Suzuki India, the country's largest carmaker, will invest Rs 4,000 crore to manufacture four-wheelers at its proposed Hansalpur unit in Gujarat.

The company's vendors and ancillary units are expected to chip in an equal amount into the project, for which the State Government has allotted a combined 700 acres.

The first phase of the project is expected to create at least 2,000 jobs, said Gujarat's Chief Minister, Mr Narendra Modi, after the two sides signed a State Support Agreement on Saturday. Ancillary units too are expected to generate an unspecified number of jobs.

Mr Shinzo Nakanishi, Managing Director, Maruti Suzuki, and Mr Maheshwar Sahu, Principal Secretary (Industries and Mining), signed the agreement

The Gujarat Government had earlier offered Maruti land near the famous Bahucharaji temple in Mehsana district. It, however, zeroed in on Hansalpur, which is around 300 km from the Mundra port, where the company has a pre-export inspection facility to ship cars to South India or outside the county.

Maruti is expected to produce 2.5 lakh cars annually by 2015-16 in the first phase at Hanslapur. Over the next decade, it plans to invest nearly Rs 18,000 crore in this facility, ramping up output to 7.5 lakh units in the next two phases.

With this, the company expects total production -- including from Gurgaon and Manesar plants -- to touch 20 lakh cars a year. Maruti's third plant at Manesar will also start production in 2013-14.

Maruti Suzuki to invest Rs 4,000 cr in Gujarat car plant

Maruti Suzuki inks pact with Gujarat for third facility


That means total investment of Rs. 8,000 crores or US$ 1.6 billion :cheers:
 
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