Between 1994 and 2003, the compounded
annual growth rate of bifurcated Madhya
Pradesh’s real NSDP was 2.6 per cent,
increasing from US$ 7.5 billion to US$
9.8 billion.
Note:
the figures are at 1993-94
prices for bifurcated Madhya
Pradesh,
Source: Department of
Finance, Government of Madhya
Pradesh
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Source:
Review of Madhya Pradesh
Economy, CMIE, August 2004
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During 1993-94 to 2002-03 Madhya Pradesh’s economy grew at average annual
growth rate of 3.7 per cent. In 2002-03, Madhya Pradesh’s per capita income
stood at US$ 254.
During the past decade (1993-2003),
the share of agriculture in Madhya
Pradesh’s economy reduced from 46 per
cent to 24 per cent. In the same period,
the share of industry and services
increased by 7 per cent and 5 per cent
respectively, indicating a positive
trend in the state’s economic
development.
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