"Madhya Pradesh poised to emerge as economic force"

BHOPAL: Global business information provider Dun and Bradstreet has said that Madhya Pradesh is poised to emerge as a major economic force in the country due to sustained efforts being made by the state.

According to Dun Bradstreet 'India 2020', Madhya Pradesh will be contributing significantly to economic growth of India, an official release said here today.

In 2007, at the Global Investors' Summit at Indore, leading industrialists Anil Ambani had also said that Madhya Pradesh with immense natural wealth, central geographical location and a committed government, should be prepared to play a leading role in economic growth of the country.

Both these predictions are proving to be true, given the fact that Madhya Pradesh has been registering impressive economic growth rate over the last six-seven years, it said.

The growth rate of the state(GSDP)which was only three per cent in 2004-05 is estimated to have shot up to nine per cent in 2010\11 as per the assessment made using the available data.

In the preceding year 2009-10, the State had posted a remarkable 9.55 per cent growth rate despite 35 per cent deficient rainfall.

Besides in 2009-10, the agriculture growth rate was 7.2 per cent while the national average agriculture growth rate was negligible. The industrial growth rate of the state during the period was 10.1 per cent.

As per an all India survey for poverty assessment, the per capital consumption in rural Madhya Pradesh is higher than five major States Bihar, Chhattisgarh, Orissa, Uttar Pradesh and Jharkhand, the release said.

In urban Madhya Pradesh, the per capita consumption is higher than six States. These include Rajsthan in addition to the above mentioned five States, it said.