BHOPAL: Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday.
Besides, the state, having agrarian economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added.
The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by opening avenues of better health, education facilities, among other things for them. It development will also pave way for greater capital investment and production, they said.
Furthermore, MP has clocked close to 17 per cent in manufacturing and 8 per cent in industrial growth augmenting job opportunities, they added.
In last four years, MP stood third in terms of growth in country and it growth rate had been above the all India average growth rate, officials said. .
A decade ago, MP witnessed a negative growth. It was -7 per cent in the fiscal 2000-01 and -4 per cent in 2002-03 and it was mere 3 per cent in 2004-05.
Madhya Pradesh's GDP goes up to 12 per cent - The Times of India