Business Wire India
The index was constructed based on identifying key components of economic development. Once data for the 100 indicators was analyzed, our economists created an indexing methodology that assigned weights to each indicator based on its relevance/importance to economic development. Using scaled data, a weighted average for each state was calculated based on which the states were ranked. Maharashtra ranked #1 in the overall economic development, and also in the individual pillars of infrastructure development, economic prosperity and government effectiveness. To know more about Frost & Sullivan’s Annual “Growth Innovation Leadership Index for Economic Development in India”, please mail our Senior Economist, Rituparna Majumder at rituparna.majumder@frost.com.
Source: Businesswire