BBC News - Gujarat IS a red hot economyhttp://www.bbc.co.uk/news/world-asia-india-17919364[5/3/2012 12:24:01 AM]
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Last updated at17:44 GMT
This morning, a piece in Business Standard, one ofIndia's most respected newspapers, caught my eye.
Examining data on the economic performance of Indianstates during a seven-year-period (2004-11), AKBhattacharya, editor of the newspaper, wrote that he waspuzzled by the data on Gujarat.Gujarat is ruled by Narendra Modi, one of India's mostcontroversial politicians, who has modelled himself as a no-nonsense economic reformer of one of India's fastest-growing states.In March, a senior minister of his cabinet told me thatGujarat has been recording scorching double-digit growth,prompting even The Economist magazine to call it India'sGuangdong.
said Time magazinewhen it put him on the cover recently.Mr Bhattacharyya, however, wrote in Wednesday morning'sedition of his paper that Gujarat's economy grew by 6.3% annually duringthis period, up from average growth every year of 3.6% - a relatively lowbase - in a 10-year period ending in 2003."It has seen the most stable of governments for the last several years,"Mr Bhattacharya wrote. "And yet, it has seen its growth hovering around6% for the last seven years."I wrote a blog post with a link to the piece wondering whether Gujarat'sred-hot economic growth was an invention of the foreign media which hasbeen written extensively about Mr Modi's reformist government.I had also wondered whether there was something amiss with the data onGujarat in the Business Standard article.Indeed there was - and I have updated the blog post to reflect this.
Gujarat IS a red hot economy
Mr Modi has become synonymouswith Gujarat's growth