Dynamic Macroeconomic Performance of Indian States : Some Post-Reform Evidence

This chapter makes an attempt to assess the dynamic macroeconomic performance (DMEP) of fifteen major Indian States using three macro indicators viz., gross state domestic product (GSDP), fiscal deficit as percentage of the GSDP and price measured by the GSDP deflator. Keeping in mind consistency in data availability and the post-liberalization period, our study period spans over 1993–94 to 2014–15. All the three indicators are measured in 2004–05 prices. Our finding reveals that States that exhibit higher macroeconomic performance are less poverty ridden and also face less inequality