(a) the State-wise growth rate of Gross Domestic Production based on the present price-
index during the last three years and the current year including that of Bihar;
(b) whether the move of the Government to roll-back the incentives has left any negative
impact on the economy of some of the States; and
(c) if so, the details thereof, State-wise?
MINISTER OF STATE FOR PLANNING, SCIENCE & TECHNOLOGY AND EARTH SCIENCES (DR. ASHWANI KUMAR)
(a): The Central Statistics Office(CSO) has released the latest data on State-wise growth
rates of Gross State Domestic Product for 2011-12.The state-wise annual growth rates of
Gross State Domestic Product (GSDP) at current and constant (2004-05) prices for the
last three years are at Annexure-I.
(b)&(c): In the budget announcement for the year 2012-13, the rate of service tax has
been increased from 10 percent to 12 percent. Besides, the standard rate of excise duty
for non-petroleum goods which was reduced from 14 percent to 8 percent in 2008-09 in
the wake of global financial crisis was raised to 10 percent in the budget 2010-11 and
further to 12 percent in the budget 2012-13. It is too early to assess the impact of these
fiscal consolidation measures on the growth rate of GSDP of the States.