What is India annual GDP Growth ?

 The GDP growth rate of India is a measure of the increase in the country's economic output. India's GDP growth has been affected by the global economic slowdown and the COVID-19 pandemic. In the fiscal year 2020-2021, India's GDP growth was -7.7%, which was the first contraction in more than four decades. The Indian government has announced several measures to revive the economy, and the growth rate is expected to recover in the coming years. However, the exact #GDP growth rate for India is subject to change based on various factors such as economic policies, global economic conditions and others.

How India will increase Annual GDP Growth:-

There are several ways that India can increase its annual GDP growth:

1. Increase in exports: India can increase its GDP growth by increasing its exports of goods and services. This can be done by diversifying its export markets and improving the competitiveness of its products.

2. Investment in infrastructure: India can increase its GDP growth by investing in infrastructure such as roads, ports, airports, and power plants. This will create jobs and improve the efficiency of the economy.

3. Encourage foreign direct investment: India can increase its GDP growth by attracting foreign direct investment. This can be done by improving the ease of doing business and providing tax incentives to foreign investors.

4. Increase in consumer spending: India can increase its GDP growth by increasing consumer spending. This can be done by increasing disposable income, creating jobs, and reducing inflation.

5. Promote Small and Medium Enterprises: India can increase its GDP growth by promoting Small and Medium Enterprises (SMEs) as they are considered as the backbone of the Indian economy.

6. Develop new technologies: India can increase its GDP growth by investing in research and development, and promoting innovation in various sectors.

7. Invest in Education and Human Capital: India can increase its GDP growth by investing in education and human capital. This will lead to a more skilled and productive workforce, which will increase productivity and economic growth.

8. Improve the financial system: India can increase its GDP growth by improving the financial system. This can be done by increasing access to credit and encouraging the development of financial markets.

9. Reduce corruption: India can increase its GDP growth by reducing corruption. This will help to reduce the costs of doing business, increase efficiency and improve the investment climate.

India State and UT Contributions in India GDP:-

All of these measures will help in creating a better economic environment which in turn will lead to an increase in GDP growth. However, the implementation of these measures requires a well-coordinated effort by the government and private sector, and may take time to show results.

India is a federal country, and its economy is divided into different states and union territories. The GDP of each state is different and they contribute differently to the national GDP. Some of the states that contribute higher to India's GDP include:

1. Maharashtra: Maharashtra is the wealthiest state in India, and its capital Mumbai is the country's financial and commercial center. The state contributes around 15% to India's GDP.

2. Tamil Nadu: Tamil Nadu is another major contributor to India's GDP, particularly in the areas of manufacturing and services. The state contributes around 7% to India's GDP.

3. Gujarat: Gujarat is a leading industrial state in India, known for its manufacturing and export-oriented industries. The state contributes around 6% to India's GDP.

4. Karnatak: The state is known for its software and IT industries, and its capital Bangalore is known as the "Silicon Valley of India". The state contributes around 6% to India's GDP

5. Uttar Pradesh: Uttar Pradesh is the most populous state in India and contributes around 6% to India's GDP.

6. Andhra Pradesh: Andhra Pradesh is another major contributor to India's GDP, particularly in the areas of agriculture, manufacturing, and services. The state contributes around 5% to India's GDP.

7. West Bengal: West Bengal is known for its manufacturing and service sectors, particularly in the areas of engineering, textiles, and IT. The state contributes around 4% to India's GDP.

These are some of the states which contribute higher to India's GDP, but the contribution of other states and Union Territories also plays a significant role in the country's economic growth.