5 states project their economies to grow slower than national GDP in FY'23

So far, only 15 states have revealed their projections for the gross state domestic product for 2022-23

Economies of five states may have grown at a slower pace than the national economy during 2022-23.

So far, 15 states have revealed their projections for the gross state domestic product (GSDP) for FY’23 as on March 15, according to data made public by the Ministry of Statistics and Programme Implementation.

Of the five states, Punjab's projection for GSDP growth is way behind the national GDP growth rate of 7.24 per cent in 2022-23. Punjab's GSDP is estimated to have grown just 6.08 per cent.

This was the case in 2021-22 as well, when the state’s economy grew by 6.29 per