RBI Releases Handbook of Statistics on Indian States 2023-24

December 11, 2024

The Reserve Bank of India has published the latest edition of the Handbook of Statistics on Indian States for 2023-24, which presents crucial data on the regional economies of India. It includes vital information about demographics, health, and economic indicators. The data spans from 1951 to 2024, providing a historical context for analysis.

Key Updates in the Publication

The new edition updates prior data and introduces new metrics, features the Gender Parity Index for school enrolment. Additionally, it includes Gross State Value Added and afforestation statistics. New insights on state-wise cold and heat wave days are also provided. The report details power supply positions and school management facilities.

Economic Contributions of States

In the 2023-24 fiscal year, Telangana’s net state domestic product reached ₹13.61 lakh crore. This marks a 15% increase from the previous year. Telangana is now ranked seventh among states of India in economic contribution. Maharashtra remains the top contributor with ₹35.24 lakh crore. Other contributors include Tamil Nadu, Karnataka, Uttar Pradesh, West Bengal, and Rajasthan.

Wage Disparities Among States

The report reveals notable wage differences across states. Kerala has the highest rural wages, often double the national average. A male construction worker in Kerala earns ₹894 per day. In contrast, Madhya Pradesh offers the lowest wages at ₹292 per day. However, states like Madhya Pradesh and Odisha are narrowing the wage gap with rapid growth.

Trends in Wage Growth

Wage disparities have changed over the years. In 2023-24, Kerala’s construction wages were three times higher than Madhya Pradesh’s. This compares to a 4.5 times difference in 2014-15. The data indicates that poorer states are improving their wage structures.

The publication provides valuable vital information about India’s socio-economic development. It marks progress in reducing regional inequalities. This data serves as an essential tool for policymakers and researchers.

GKToday Facts for Exams:
RBI: The Reserve Bank of India regulates monetary policy. It also oversees banking operations, ensuring financial stability and economic growth across the country.
Gender Parity Index: This index measures gender equality in education. It evaluates school enrolment rates, denoting disparities between male and female students across regions.
Gross State Value Added: Gross State Value Added reflects a state’s economic performance. It measures the value of goods and services produced, excluding taxes and subsidies.

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