Tamil Nadu and Uttar Pradesh come in the second place, but far behind Maharashtra, with a GSDP of Rs 9.67 trillion each, according to the report by Brickwork Ratings.
However, Gujarat leads Maharashtra when it comes to composition of industry in GSDP at 27.26 per cent, versus the latter's 25.18 percent, the domestic rating outfit said.
Fastest-growing states are Bihar at 17.06 percent, Madhya Pradesh at 16.86 percent and Goa at 16.43 percent, while the newly-formed Telangana, with expansion of 5.3 percent, is the laggard.
Along with Karnataka, Tamil Nadu and Andhra Pradesh, Maharashtra is at the forefront of development in the services sector with a healthy growth in the IT/BPO/KPO space, it said.
Bihar, Odisha, Tamil Nadu and Kerala spend the most on pensions, while Karnataka and Maharashtra have kept this item of expense 'reasonable', the report said.


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