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Growing India Into a 50 Tn USD Economy Plan ™

by J S Sekhon
  • A clarion call is sounding for India to put growth on a sustainably faster track & meet the aspirations of its growing people / workforce.
  • India  is at a decisive point in its journey towards prosperity.
  • After the Britishers looted 45 Trillion USD in todays value, it took India 58 years to get to its first trillion dollars of GDP, 12 years to get to the second trillion and 5 years to get to the third trillion and become 3.5 Trillion USD GDP today.
  • The largest economy today, US is a USD 23 trillion economy with a stock market capitalisation ranging from 45-50 Trillion USD.
  • A proposed plan of growing India from its current GDP of 3.5 Trillion to 50 Trillion by 2040 is enclosed here. This shall lead India to be world's largest economy by 2040 with a stock market capitalisation of 65 Trillion USD. This means a jump of 46.5 Trillion in 18 years. Which works out to be 2.59 Trillion of GDP addition each year.
  • Each work plan aims to 
    • Align Governance,
    • Create HIgh Growth Capital Assets Across All Sectors,
    • Bring Companies / Capital,
    • Raise Productivity and Incomes for Workforce / Small / Midsize Firms / Large Businesses,
  • keeping India in the ranks of the world’s outperforming emerging economies.
  • To fast track the development plan, all NITI AAYOG verticals are targeted 
    • Administration, 
    • Agriculture and Allied Sectors, 
    • Data Management and Analysis, and Frontier Technologies, 
    • E-Mobility, 
    • Energy, 
    • Education, 
    • Economics and Finance Cell, 
    • Governance and Research, 
    • Governing Council Secretariat and Coordination, 
    • Health and Family Welfare,
    • Integrated Finance Division,
    •  Industry-I,
    • Industry-II, 
    • Infrastructure-Connectivity, 
    • Managing Urbanisation, 
    • MSME, 
    • Natural Resources and Environment, and Island Development, 
    • NGO Darpan, 
    • Project Appraisal and Management Division, 
    • Public-Private Partnerships, 
    • Rural Development, 
    • Science and Technology, 
    • Social Development Division, 
    • Skill Development,
    • Labour and Employment, 
    • State Finances and Coordination, 
    • Tourism and Culture.
  • How will each state in India contribute to this ? How will each sector contribute to this ? How will each company contribute to this ? How will each citizen contribute to this ?

THE ACTION CYCLE ( RIGHT POLITICS ) FOR NATION BUILDING

  • On October 13, 2021, Prime Minister Sh Narendra ModiJi launched India's first National Infrastructure Masterplan, the Pradhan Mantri Gati Shakti (PMGS) scheme, aimed at breaking inter-ministerial silos and to integrate the planning of infrastructure projects. Gati Shakti is an Capital Assets Creation Program. 
  • For 89 years since its incorporation, SFO has developed and perfected SFO Transformative Global Governance Models™ -  . to provide SFO Global Governance Services™ -   to various Governments , Countries, States, Municipalities, Corporate and Financial Institutions to drive Market Driven Progress, Growth and Development ( MEPGD ™). For decades we have perfected a strong Good Governance Strategy led approach to all aspects of Economic Value Creation viz Market Economy, Progress, Growth, Development, (MEPGD). This we believe becomes a special tool to not just stand up and fulfill the aspirations of the electorate, but also win their loyalty . 
  • SFO has always aligned itself with National Priorities. What is good for India we consider is always good for SFO.  Following are our signature programs to operationalise the action cycle towards the above India Growth Story

List of Indian states and Union Territories by GDP

  • These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP).
  • In India, the Government accounts for around 21% of the GDP, agriculture accounts for 21%, the corporate sector accounts for 12% and the balance 48% of the GDP is sourced from small proprietorship and partnership companies, unorganized sector and households.

Nominal GDP (₹ lakh crore or trillion INR) of Indian states

Nominal GDP (₹ lakh crore or trillion INR) of top 13 Indian State/UT (pie chart)

Nominal GDP (₹ lakh cr or trillion INR) of top 13 Indian State/UT (bar graph)
  • The following list gives the latest available gross state domestic product (GSDP) figures for all Indian States and Union Territories at current prices in crores (units of 10 million) or lakh crores (units of 1 trillion) of the Indian rupees. No data is available for the union territories of Dadra and Nagar Haveli and Daman and Diu, Ladakh and Lakshadweep.

List of Indian states and union territories by GDP and NSDP
Rank State/Union Territory GDP in Indian Rupees (Lakh₹) GDP in US Dollars (Billion$) NSDP in Indian Rupees (Lakh₹) NSDP in US Dollars (Billion$)
1 Maharashtra 28,18,55,457 350 24,82,53,582 310
2 Tamil Nadu 17,97,22,872 230 16,19,71,992 200
3 Uttar Pradesh 16,87,81,799 210 14,95,75,799 190
4 Gujarat 16,30,24,012 200 14,47,68,273 180
5 Karnataka 16,28,92,793 200 14,75,27,677 180
6 West Bengal 12,07,82,261 150 11,00,65,072 140
7 Rajasthan 9,98,99,911 130 8,99,14,304 110
8 Andhra Pradesh 9,71,22,422 120 8,70,06,430 110
9 Telangana 9,57,20,710 120 8,71,37,381 110
10 Madhya Pradesh 9,37,40,518 120 8,56,23,827 110
11 Kerala 8,54,68,899 110 7,73,09,933 97
12 Delhi 8,30,87,249 100 7,53,75,917 94
13 Haryana 7,80,61,235 98 7,08,36,363 89
14 Bihar 5,94,01,640 74 5,43,37,663 68
15 Odisha 5,47,95,908 69 4,83,44,801 61
16 Punjab 5,39,68,655 68 4,82,34,744 60
17 Chhattisgarh 3,44,95,535 43 3,07,99,515 39
18 Assam 3,35,23,811 42 2,99,56,920 38
19 Jharkhand 3,21,15,731 40 2,93,19,200 37
20 Uttrakhand 2,53,66,625 32 2,27,58,680 29
21 Jammu and Kashmir 1,70,38,211 21 1,43,58,554 18
22 Himachal Pradesh 1,62,81,593 20 1,39,51,123 17
23 Goa 74,82,837 9.4 67,35,570 8.4
24 Tripura 55,85,694 7.0 50,42,066 6.3
25 Chandigarh 43,67,434 5.5 39,17,275 4.9
26 Puducherry 38,00,369 4.8 34,57,849 4.3
27 Meghalaya 34,71,570 4.3 31,04,990 3.9
28 Manipur 31,79,030 4.0 29,14,768 3.7
29 Sikkim 30,80,899 3.9 26,90,518 3.4
30 Nagaland 29,53,593 3.7 26,11,622 3.3
31 Arunachal Pradesh 28,04,613 3.5 25,64,801 3.2
32 Mizoram 25,14,857 3.1 22,44,179 2.8
33 Andaman and Nicobar Islands 9,71,923 1.2 8,70,221 1.1

 

List of Indian administrative regions by GDP
Rank
Nominal GDP
Data year
Population
(2018)
(₹ lakh crore or INR trillions)
(USD, $)
1
63.10
$860 billion
2020
266,376,000
2
44.54
$610 billion
2020
179,550,000
3
36.46
$500 billion
2020
162,809,000
4
33.27
$468 billion
2020
323,495,000
5
32.78
$450 billion
2020
350,000,000
6
5.61
$77 billion
2020
50,524,000
—
India
203.85
$3.25 trillion
2022[5]
1,303,714,000

Nominal GSDP from 2011–12 to 2020–21

  • The following table shows the annual growth in nominal GSDP for the financial years 2011–12 to 2020–21, from the Ministry of Statistics and Programme Implementation. Revised data for the past years differ from the tables below. Figures are in crores (units of 10 million) of Indian rupees at current prices. No data was available for the union territories of Dadra and Nagar Haveli, Daman and Diu and Lakshadweep.
State/union territory 2011–12
in ₹ crore 		2012–13
in ₹ crore 		2013–14
in ₹ crore 		2014–15
in ₹ crore 		2015–16
in ₹ crore 		2016–17
in ₹ crore 		2017–18
in ₹ crore 		2018–19
in ₹ crore 		2019–20
in ₹ crore 		2020–21
in ₹ crore
 India 87,36,039 99,46,636 1,12,36,635 1,24,33,749 1,36,75,331 1,52,51,028 1,70,95,005 1,90,10,164 – –
Andhra Pradesh 3,79,402 4,11,404 4,64,272 5,24,976 6,04,229 6,97,508 8,09,547 9,33,402 10,80,657 –
Arunachal Pradesh 11,063 12,547 14,581 17,959 18,509 19,627 22,045 – – –
Assam 1,43,175 1,56,864 1,77,745 1,95,723 2,27,959 2,54,478 2,88,494 3,32,939 3,74,096 4,08,627
Bihar 2,47,144 2,82,368 3,17,101 3,42,951 3,71,602 4,22,316 4,84,740 5,57,490 5,72,827 –
Chhattisgarh 1,58,074 1,77,511 2,06,833 2,21,118 2,27,383 2,54,722 2,84,194 3,11,660 3,63,900 –
Goa 42,367 38,120 35,921 47,814 55,054 63,460 70,493 77,172 – –
Gujarat 6,15,606 7,24,495 8,07,623 9,21,773 10,29,010 11,53,327 13,14,680 14,99,013 17,01,495 17,78,000
Haryana 2,97,539 3,47,032 3,99,268 4,37,145 4,95,249 5,56,325 6,26,054 7,07,126 7,84,910 –
Himachal Pradesh 72,720 82,820 94,764 1,03,772 1,14,239 1,25,634 1,40,613 1,53,181 1,68,972 –
Jammu and Kashmir 78,256 87,138 95,619 98,370 1,17,168 1,25,379 1,38,488 – – –
Jharkhand 1,50,918 1,74,724 1,88,567 2,18,525 2,06,613 2,36,250 2,76,243 3,07,581 3,29,726 3,83,233
Karnataka 6,06,048 6,95,413 8,16,666 9,13,923 10,45,168 12,09,136 13,50,257 15,35,224 15,88,303 18,03,609
Kerala 3,64,048 4,12,313 4,65,041 5,12,564 5,61,994 6,34,886 7,01,577 7,81,653 8,75,514 9,78,064
Madhya Pradesh 3,15,562 3,80,925 4,39,483 4,79,939 5,41,189 6,48,849 7,28,242 8,09,327 9,06,672 9,17,555
Maharashtra 12,80,369 14,59,629 16,49,647 17,79,138 19,66,147 21,88,532 24,11,600 26,56,551 29,79,556 30,79,086
Manipur 12,915 13,743 16,182 18,129 19,531 21,294 23,968 – – –
Meghalaya 19,918 21,872 22,938 23,235 25,117 27,439 30,790 – – –
Mizoram 7,259 8,362 10,293 13,509 15,139 17,192 19,457 – – –
Nagaland 12,177 14,121 16,612 18,401 19,524 21,722 24,281 – – –
Odisha 2,30,987 2,61,700 2,96,475 3,14,250 3,28,550 3,93,808 4,36,374 4,85,376 5,40,812 –
Punjab 2,66,628 2,97,734 3,32,147 3,55,102 3,90,087 4,26,988 4,79,141 5,21,861 5,77,829 –
Rajasthan 4,34,837 4,93,551 5,61,031 6,15,642 6,81,485 7,58,809 8,35,558 9,29,124 – –
Sikkim 11,165 12,338 13,862 15,407 18,034 20,687 23,495 26,786 – –
Tamil Nadu 7,51,486 8,54,825 9,68,530 10,72,678 11,76,500 13,02,639 14,61,841 16,64,159 18,54,239 21,24,000
Telangana 3,59,434 4,01,594 4,51,580 5,05,849 5,77,902 6,59,033 7,53,811 8,65,688 9,69,604 –
Tripura 19,208 21,663 25,593 29,533 35,938 39,612 46,133 – – –
Uttar Pradesh 7,24,050 8,22,393 9,40,356 10,11,790 11,37,210 12,48,374 13,76,324 15,42,432 17,91,000 19,48,000
Uttarakhand 1,15,328 1,31,613 1,49,074 1,61,439 1,77,163 1,95,125 2,22,836 2,45,895 2,63,233 –
West Bengal 5,20,485 5,91,464 6,76,848 7,18,082 7,97,300 8,72,527 9,99,585 11,77,586 13,14,529 -
Andaman and Nicobar Islands 3,978 4,421 5,023 5,477 6,032 6,836 7,871 – – –
Chandigarh 18,768 21,609 24,822 26,549 29,280 32,741 38,806 – – –
Delhi 3,43,798 3,91,388 4,43,960 4,94,803 5,50,804 6,15,605 6,90,098 7,79,652 8,30,872 7,98,309
Puducherry 16,818 18,875 21,870 22,574 26,617 29,573 32,962 36,656 – –

 

Nominal GDP from 2001–02 to 2010–11

  • The following table shows the annual growth in nominal GSDP for the financial years 2001–02 to 2010–11, released by the Planning Commission of India, in the Indian rupees.
  • Revised data for the past years differ from the tables below. Figures are in crores (units of 10 million) of Indian rupees at current prices. No data was available for the union territories of Dadra and Nagar Haveli, Daman and Diu and Lakshadweep.
GDP in ₹ crore (tens of millions)
State/union territory 2001–02 2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11
 India 20,97,726 22,61,415 25,38,170 29,71,464 33,90,503 39,53,276 45,82,086 53,03,567 61,08,903 72,48,860
Andhra Pradesh 1,56,711 1,67,096 1,90,017 2,24,713 2,55,941 3,01,035 3,64,813 4,26,765 4,76,835 5,83,762
Arunachal Pradesh 2,104 2,071 2,368 3,488 3,755 4,108 4,810 5,687 7,474 9,013
Assam 38,313 43,407 47,305 53,398 59,385 64,692 71,076 81,074 95,975 1,12,688
Bihar 57,657 64,965 66,174 77,781 82,490 1,00,737 1,13,680 1,42,279 1,62,923 2,04,289
Chhattisgarh 29,539 32,493 38,802 47,862 53,381 66,875 80,255 96,972 99,364 1,19,420
Goa 7,097 8,100 9,301 12,713 14,327 16,523 19,565 25,414 29,126 33,605
Gujarat 1,23,573 1,41,534 1,68,080 2,03,373 2,44,736 2,83,693 3,29,285 3,67,912 4,31,262 5,21,519
Haryana 65,505 72,528 82,862 95,795 1,08,885 1,28,732 1,51,596 1,82,522 2,23,600 2,60,621
Himachal Pradesh 17,148 18,905 20,721 24,077 27,127 30,274 33,963 41,483 48,189 57,452
Jammu and Kashmir 18,039 20,326 22,194 27,305 29,920 33,230 37,099 42,315 48,385 58,073
Jharkhand 35,069 37,967 42,449 59,758 60,901 66,935 83,950 87,794 1,00,621 1,27,281
Karnataka 1,12,847 1,20,889 1,30,990 1,66,747 1,95,904 2,27,237 2,70,629 3,10,312 3,37,559 4,10,703
Kerala 77,924 86,895 96,698 1,19,264 1,36,842 1,53,758 1,75,141 2,02,783 2,31,999 2,63,773
Madhya Pradesh 86,745 86,832 1,02,839 1,12,927 1,24,276 1,44,577 1,61,479 1,97,276 2,27,984 2,63,396
Maharashtra 2,73,188 2,99,479 3,40,600 4,15,480 4,86,766 5,84,498 6,84,817 7,53,969 8,55,751 10,35,086
Manipur 3,369 3,506 3,979 5,133 5,718 6,137 6,783 7,399 8,254 9,137
Meghalaya 4,478 4,763 5,280 6,559 7,265 8,625 9,735 11,617 12,709 14,583
Mizoram 1,947 2,166 2,325 2,682 2,971 3,290 3,816 4,577 5,260 6,388
Nagaland 3,972 4,467 4,812 5,839 6,588 7,257 8,075 9,436 10,527 11,759
Odisha 46,756 49,713 61,008 77,729 85,096 1,01,839 1,29,274 1,48,491 1,62,946 1,97,530
Punjab 79,611 82,249 90,089 96,839 1,08,637 1,27,123 1,52,245 1,74,039 1,97,500 2,26,204
Rajasthan 91,771 88,550 111,606 127,746 1,42,236 1,71,043 1,94,822 2,30,949 2,65,825 3,38,348
Sikkim 1,136 1,276 1,430 1,739 1,993 2,161 2,506 3,229 6,133 7,412
Tamil Nadu 1,48,861 1,58,155 1,75,371 2,19,003 2,57,833 3,10,526 3,50,819 4,01,336 4,79,733 5,84,896
Telangana – – – – – – – – – –
Tripura 6,370 6,733 7,551 8,904 9,826 10,914 11,797 13,573 15,403 17,868
Uttar Pradesh 1,90,269 2,06,855 2,26,972 2,60,841 2,93,172 3,36,317 3,83,026 4,44,685 5,23,394 6,00,164
Uttarakhand 15,144 18,473 20,439 24,786 29,968 36,795 45,856 56,025 70,730 83,969
West Bengal 1,57,144 1,68,000 1,89,259 2,08,656 2,30,245 2,61,682 2,99,483 3,41,942 3,98,880 4,60,959
Andaman and Nicobar Islands 1,082 1,228 1,392 1,813 2,044 2,538 2,990 3,480 4,120 4,345
Chandigarh 5,490 6,453 7,419 8,504 10,185 12,276 13,669 15,334 17,717 20,017
Delhi 65,027 71,361 79,468 1,00,325 1,15,374 1,35,584 1,57,947 1,89,553 2,19,753 2,52,753
Puducherry 4,259 4,931 5,438 5,754 7,977 8,335 9,251 10,050 12,304 13,092

 

Nominal GSDP growth rate

  • This table shows annual growth in each state's nominal GSDP growth in percentage. No data was available for the union territories of Dadra and Nagar Haveli, Daman and Diu and Lakshadweep.
State/union territory 2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18 2018–19
 India 18.66 15.77 13.80 13.0 11.0 10.4 10.8 10.0 11.2
Andhra Pradesh 17.03 13.25 13.20 12.90 13.40 15.90 14.70 16.06 15.23
Arunachal Pradesh 20.59 17.82 13.86 16.20 23.2 3.3 9.20 – –
Assam 17.41 11.65 9.60 13.30 10.10 16.50 11.60 – –
Bihar 25.39 21.06 14.30 12.30 8.20 7.70 15.30 14.50 –
Chhattisgarh 20.18 11.26 12.30 16.50 6.90 5.90 12.90 11.20 16.76
Goa 15.38 7.20 −10.00 −5.80 33.10 15.10 13.80 9.47 –
Gujarat 20.93 14.01 17.70 11.50 14.10 11.60 13.00 14.02 13.50
Haryana 16.56 15.86 16.60 15.50 9.20 10.90 12.80 12.94 11.00
Himachal Pradesh 19.22 13.06 13.90 14.40 9.50 10.10 10.30 8.10 10.30
Jammu and Kashmir 20.02 13.24 11.40 9.70 2.90 19.10 8.20 – –
Jharkhand 26.50 13.05 15.80 7.90 15.90 −5.50 14.00 8.40 7.20
Karnataka 21.7 10.8 14.80 17.40 11.80 11.00 11.80 12.10 –
Kerala 13.70 16.73 13.30 12.80 10.20 9.60 10.70 – –
Madhya Pradesh 15.53 18.33 20.70 15.40 9.20 13.10 19.30 11.13 18.91
Maharashtra 20.96 15.89 14.00 13.00 7.90 11.60 13.60 10.6 12.15
Manipur 10.70 14.96 6.40 17.70 12.00 7.70 7.90 – –
Meghalaya 14.75 12.54 9.80 4.90 1.30 8.10 8.40 – –
Mizoram 21.44 12.68 15.20 23.10 31.20 12.10 16.30 – –
Nagaland 11.70 12.28 16.00 17.60 10.80 6.10 10.10 – –
Odisha 21.22 8.63 13.30 13.30 6.00 5.30 14.00 10.30 11.42
Punjab 14.53 13.36 11.70 11.60 6.90 9.90 9.80 10.07 10.72
Rajasthan 27.28 19.23 13.50 11.60 11.70 11.10 11.00 10.70 –
Sikkim 20.85 16.24 10.5 12.30 11.10 17.10 11.00 11.10 –
Tamil Nadu 21.92 13.75 13.80 13.30 10.80 9.70 8.00 12.30 11.42
Telangana 29.78 11.99 11.70 12.40 12.00 14.20 14.00 14.10 12.00
Tripura 16.00 17.43 12.80 18.10 7.10 25.30 15.14 – –
Uttar Pradesh 14.67 13.14 13.40 14.30 7.60 12.40 9.90 10.00 –
Uttarakhand 18.72 16.35 14.10 13.30 8.30 8.90 11.30 11.20 –
West Bengal 15.56 12.91 13.64 14.44 6.09 11.03 9.44 14.56 17.81
Chandigarh 12.98 15.96 15.10 14.90 7.00 10.40 8.60 – –
Delhi 15.20 17.49 13.80 13.40 11.50 10.70 12.50 11.20 –
Puducherry 6.40 11.75 12.20 15.90 3.20 18.00 9.90 10.00 –
Andaman and Nicobar Islands 5.46 9.23 11.10 13.60 9.10 10.10 10.20 – –

 

STATES / UT ACTION PLAN FOR GROSS ECONOMIC VALUE ADD TO BECOME 50 TRILLION USD GDP ECONOMY BY 2040

1. Andaman & Nicobar
2. Andhra Pradesh 
3. Arunachal Pradesh
4. Assam
5. Bihar
6. Chandigarh
7. Chhattisgarh
8. Dadra Nagar Haveli & Daman Diu
9. Delhi
10. Goa
11. Gujarat
12. Haryana
13. Himachal Pradesh
14. Jammu & Kashmir
15. Jharkhand
16. Karnataka
17. Kerala
18. Ladakh
19. Lakshadweep
20. Madhya Pradesh
21. Maharashtra
22. Manipur
23. Meghalaya
24. Mizoram
25. Nagaland
26. Odisha
27. Puducherry
28. Punjab
29. Rajasthan
30. Sikkim
31. Tamil Nadu
32. Telangana
33. Tripura
34. Uttar Pradesh
35. Uttarakhand
36. West Bengal

STATES / UT ACTION PLAN FOR GROSS ECONOMIC VALUE ADD TO BECOME 50 TRILLION USD GDP ECONOMY BY 2040
  1. Agriculture, Allied Industries, Animal Husbandry, Dairy, Fisheries
  2. Auto Components
  3. Automobiles
  4. Aviation
  5. Banking
  6. Biotechnology
  7. Cement
  8. Chemicals
  9. Consumer Durables
  10. Defence Manufacturing
  11. E-Commerce
  12. Education and Training
  13. Electronics System Design & Manufacturing
  14. Engineering and Capital Goods
  15. Financial Services
  16. FMCG
  17. Gems and Jewelry
  18. Healthcare
  19. Infrastructure
  20. Insurance
  21. IT & BPM
  22. Manufacturing
  23. Media & Entertainment
  24. Medical Devices
  25. Metals and Mining
  26. MSME
  27. Oil and Gas
  28. Pharmaceuticals
  29. Ports
  30. Power
  31. Railways
  32. Real Estate
  33. Renewable Energy
  34. Retail
  35. Roads
  36. Science and Technology
  37. Services
  38. Steel
  39. Telecommunications
  40. Textiles
  41. Tourism and Hospitality
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