“Time for India to build brands, IP and more…”: Sanjeev Sanyal

Ecomist and author Sanjeev Sanyal reveals how individual Indian states show up for national GDP . While some states are start performers, ors, merely lagging. 

Ecomist, author, and member of Ecomic Advisory Council to Prime Minister, Sanjeev Sanyal says that only heavy-duty investments don't need to help turn ecomic performance of a state. In latest paper on Relative Ecomic Performance of Indian States (1960-61 to 2023-24), Sanyal has revealed data on performance of Indian states over last 60 years.

In a revealing report, Sanyal shows how star performers like Gujarat , Maharashtra , and Delhi, two small states have displayed significant growth in per capita income – Goa and Sikkim. While Goa has displayed a relative per capita income of 290.7 in 2023-2024; Sikkim showed 319.1 for same period. 

“It is t always that state must make very heavy duty, serious investments for making its ecomy work. Sikkim and Goa have leverd ir tourism and made wealth out of fun industries. y are great examples.” Sanyal’s report also throws light on significant n-performance of Eastern India with Bihar showing a poor PCI of just 32.8 during 2023-24.

Sanyal also reflected on steady decline of ecomy of West Bengal. While per capita income of West Bengal in 1960-61 era was around 127.5, it has dwindled over years to settle at just around 83.7. “West Bengal must become a growth engine for entire eastern region. Just as Delhi serves to be heart center for rth India, benefitting ecomy of adjoining states, West Bengal too can benefit entire region,” Sanyal added. Sanyal also said that it was time for India to make sharp projections in terms of creating its brands and IP. “For India to become one of leading ecomies of world, it can't just remain service center of world,” Sanyal added.

To read full interview, visit Republic Business.