'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
In the face of sluggish domestic demand and global economic slowdown, Bihar has recorded a staggering growth rate of 11.95 per cent rate annually at constant prices during 11th Five Year Plan, the highest among states.
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Puducherry recorded the second highest per capita income in the country at Rs 1,75,006.
Andhra Pradesh and Maharashtra are at second and third spot, whereas Uttar Pradesh and Bihar remained at the bottom.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
A lower base could be part of the explanation but not all.
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