<p>New Delhi: Karnataka is among the top three states ranked on the basis of 50 parameters across economic, fiscal and social pillars, as per the latest state ranking report released by CareEdge Ratings on Tuesday.</p>.<p>Maharashtra leads the overall composite rankings followed by Gujarat and Karnataka. Western and southern states dominate the top five rankings. Fiscal, economic and financial development pillars are the strong points for western states, while the southern states performed well across the economic, financial development, environment, and governance pillars.</p>.<p>"This is a quantitative assessment of states’ potential in terms of sustainable and equitable growth and is also a reflection of investment attractiveness of these states," said Rajani Sinha, Chief Economist, CareEdge Ratings.</p>.<p>"The objective of this report is to present a holistic picture that encourages informed decision-making," she added.</p>.<p>This is the second edition of CareEdge state rankings. The previous edition was released in 2023. Addressing a virtual conference, Sinha said the two reports are not comparable due to changes in methodology, and new indicators have also been added.</p>.<p>CareEdge has categorised the states into two groups: Group A for larger states and Group B for North-East, Hilly & Small States. The Union Territories have been excluded from the study.</p>.<p>Goa topped the rankings in Group B with strong scores for financial development, infrastructure, social, fiscal and economic pillars. Among the larger states Telangana is ranked at the fourth place followed by Tamil Nadu, Haryana, Kerala and Andhra Pradesh. Bihar is at the bottom.</p>.<p>Maharashtra has topped in financial development and performed strongly across the economic, fiscal and social pillars. While Gujarat’s performance is supported by its leading economic rank along with favourable outcomes in the fiscal and infrastructure pillars.</p>.<p>The report ranks states on seven parameters – economic, fiscal, infrastructure, financial development, social, governance and environment. The economy has the highest weight of 25% followed by fiscal 20% and financial development and infrastructure 15% each.</p>.<p>On the rationale behind assigning higher weight to economic and fiscal parameters, CareEdge Ratings said a better performance on these pillars has a trickle-down effect on the state’s overall performance.</p>
<p>New Delhi: Karnataka is among the top three states ranked on the basis of 50 parameters across economic, fiscal and social pillars, as per the latest state ranking report released by CareEdge Ratings on Tuesday.</p>.<p>Maharashtra leads the overall composite rankings followed by Gujarat and Karnataka. Western and southern states dominate the top five rankings. Fiscal, economic and financial development pillars are the strong points for western states, while the southern states performed well across the economic, financial development, environment, and governance pillars.</p>.<p>"This is a quantitative assessment of states’ potential in terms of sustainable and equitable growth and is also a reflection of investment attractiveness of these states," said Rajani Sinha, Chief Economist, CareEdge Ratings.</p>.<p>"The objective of this report is to present a holistic picture that encourages informed decision-making," she added.</p>.<p>This is the second edition of CareEdge state rankings. The previous edition was released in 2023. Addressing a virtual conference, Sinha said the two reports are not comparable due to changes in methodology, and new indicators have also been added.</p>.<p>CareEdge has categorised the states into two groups: Group A for larger states and Group B for North-East, Hilly & Small States. The Union Territories have been excluded from the study.</p>.<p>Goa topped the rankings in Group B with strong scores for financial development, infrastructure, social, fiscal and economic pillars. Among the larger states Telangana is ranked at the fourth place followed by Tamil Nadu, Haryana, Kerala and Andhra Pradesh. Bihar is at the bottom.</p>.<p>Maharashtra has topped in financial development and performed strongly across the economic, fiscal and social pillars. While Gujarat’s performance is supported by its leading economic rank along with favourable outcomes in the fiscal and infrastructure pillars.</p>.<p>The report ranks states on seven parameters – economic, fiscal, infrastructure, financial development, social, governance and environment. The economy has the highest weight of 25% followed by fiscal 20% and financial development and infrastructure 15% each.</p>.<p>On the rationale behind assigning higher weight to economic and fiscal parameters, CareEdge Ratings said a better performance on these pillars has a trickle-down effect on the state’s overall performance.</p>