"The term 'BIMARU' is a fictitious term to be used for Rajasthan. In real perspective there is nothing like BIMARU here. There are several states which lag behind Rajasthan in terms of development and in the years to come it will be ahead of even West Bengal in terms of its GDP," Panagriya said at the ongoing Jaipur Literature Festival here.
The acronym BIMARU comprises the first letters of four states- Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh.
In the session titled "Rajasthan: Out of Bimaru" Panagariya was in conversation with economist Bibek Debroy who joined as full time member of Niti Ayog earlier this week, author and columnist Malvika Singh and journalists Om Thanvi and Ashok Malik.
The panelists deliberated upon how Rajasthan is seeking local strategies for transparency, equity and growth at a time when economists are debating Gujarat and other models.
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Author and columnist Malvika Singh appreciated the state government for pushing skill development and focusing on human resources.
"It is not necessary that people learn new skills because they can get employment with traditional skills too. This is the fact which is being encashed well in Rajasthan fastening the pace of the state's development," she said.