Maharashtra, Gujarat, Karnataka and Andhra Pradesh are the other top-ranking states
Mumbai, India, January 30, 2019 – Tamil Nadu secured the second rank in the 2018 “Growth, Innovation and Leadership (GIL) Index for Economic Development in India”, a data-driven framework developed by Frost & Sullivan. Tamil Nadu’s high rank was an outcome of its impressive scores in the Health Improvement, Digital Reach, Educational Attainment, and Investment Attractiveness pillars.
Tamil Nadu succeeded in retaining its position for the second year in a row. The 2018 index is the second edition of Frost & Sullivan’s GIL Index for Economic Development in India. This year, Maharashtra secured the top rank, while Gujarat, Karnataka, and Andhra Pradesh, along with Tamil Nadu, were named the top 5 states in terms of overall economic development. Thiru. Edappadi K. Palaniswami, Hon’ble Chief Minister of Tamil Nadu, acknowledged Frost & Sullivan for ranking Tamil Nadu as a leading state in terms of investment potential in his inaugural address at the Global Investors Meet 2019 in Chennai.
To know more about Frost & Sullivan’s Annual “Growth Innovation Leadership Index for Economic Development in India” please mail Priya George, Corporate Communications at priyag@frost.com.
Talking about the index, Rituparna Majumder, Senior Industry Analyst, Emerging Market Innovation team, Frost & Sullivan, said, “The GIL framework deploys a robust data-driven methodology that centers on a comprehensive approach of measuring economic development across states. The ranking also commemorates Tamil Nadu’s efforts toward being one of the most sought-after investment destinations in India.”
This annual index developed by Frost & Sullivan essentially evaluates India’s 29 states on 100 indicators across parameters such as economic prosperity and infrastructure development, employing an indexing methodology to facilitate state-wise comparisons. The research involved the collection of data for the 100 indicators across 10 pillars. The diversity of indicators ensured that the states were evaluated using a multidimensional approach as opposed to a one-sided approach. An indexing methodology was then employed to generate the rankings.
The 10 Pillars of Economic Development were:
- Digital Reach
- Economic Prosperity
- Educational Attainment
- Workforce and Employment
- Investment Attractiveness
- Government Effectiveness
- Health Improvement
- Infrastructure Development
- Mobility Measures
- Women Empowerment
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Media Contact:
Priya George, Corporate Communications – South Asia
M: +91 98403 55432; P: +91 44 6681 4414
E: priyag@frost.com
