States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday.
The Survey specified that four states - Gujarat, Maharashtra, Karnataka, and Tamil Nadu - account for about 43 per cent of the total industrial Gross State Value Added (GSVA).
In contrast, six states of the Northeast (excluding Sikkim and Assam), account for only 0.7 per cent of the industrial GVA.
“There is a need for focus on industrial strategies appropriate to unique geographies like the North East,” the Survey said.
There are clear patterns in the degree of industrialisation with few states like Gujarat, Uttarakhand and Himachal Pradesh able to cash on their high level of dependence on the industrial sector to generate reasonable levels of income for their people.
The degree of industrialisation varies across states, with some being better positioned to leverage their industrial sectors to generate higher income levels for their populations, according to the Economic Survey tabled in Parliament by Union Finance Minister Nirmala Sitharaman.
The survey also pointed out that construction activity, closely linked with infrastructure development, urbanisation and real estate trends, also shows inter-state differences.
In this context, the Survey indicates, Kerala is comparatively less industrial than many other states but it is a positive outlier in construction activity, with construction contributing about half of its industrial GVA.
The Survey analysed that the mining sector contributes about 8 per cent to the total industrial output.
It specifies mining activity is highly concentrated with the top five states, that is Assam, Chhattisgarh, Gujarat, Maharashtra, and Odisha, accounting for about 60 per cent of the all-state mining GSVA.
"States should make it easier for businesses to commence operations and to grow; thereby, resulting in faster convergence of living standards and per capita incomes," said the Survey.
PM Modi congratulates CBSE students, says 'one exam can never define you'
Prime Minister Narendra Modi on Tuesday congratulated lakhs of students across India who appeared for the Class 10 and 12 Board examinations, as the Central Board of Secondary Education (CBSE) announced the results.
Defence Minister Rajnath Singh reviews security with top officials, chiefs of forces
A day after Prime Minister Narendra Modi outlined the new normal in the country’s tough anti-terror policy, Defence Minister Rajnath Singh on Tuesday reviewed the security situation with top officials and chiefs of forces.
CBSE Class 10 results declared; girls outperformed boys once again
The Central Board of Secondary Education (CBSE) announced the Class 10 Board exam results for 2025 on Tuesday. This year, an impressive 93.66 per cent of students passed the examination. Over 23 lakh students appeared for the exam, which was held at 7,837 centres across 26,675 affiliated schools.
Chinese missile maker's stock tanks over 6 pc after India destroys its air weapon
The shares of Zhuzhou Hongda Electronics Corp Ltd, the Chinese defence company that manufactures the PL-15 missile, dropped sharply by 6.42 per cent or 2.56 Yuan to 37.33 Yuan on Tuesday, after India's air defence system successfully intercepted and destroyed the missile during the conflict with Pakistan.
Three terrorists killed in J&K gunfight
Three terrorists were killed on Tuesday in a gunfight with the joint forces in Keller area of Jammu and Kashmir's Shopian district. V. K. Birdi, IGP (Kashmir), told reporters that three terrorists have been killed.
CBSE announces Class 12 result; pass percentage 88.39 per cent
The Central Board of Secondary Education (CBSE) on Tuesday declared the results for the Class 12 examinations, in which girls once again outperformed boys.
India is eternally grateful to armed forces: PM Modi visits Adampur Airbase after 'Operation Sindoor'
Prime Minister Narendra Modi on Tuesday morning visited the Adampur Airbase in Punjab to meet Indian Air Force personnel and express the nation's gratitude for their courage and fearlessness in defending the country.
Devotees throngs Venuban Vihar; meditates and offer prayer to Lord Buddha
Along with the rest of the world, Buddha Purnima was observed here at Agartala with a traditional fervour to mark not only the day when Gautam Buddha was born, but also the day when he attained Nirvana under the Mahabodhi tree at Bodh Gaya.