Frost & Sullivan Monday, January 22, 2018 4:40PM IST (11:10AM GMT)   Maharashtra Chief Minister Shri Devendra Fadnavis Receives Frost & Sullivan’s 2017 “Growth, Innovation and Leadership Award for Economic Development in India” The award recognizes Maharashtra as the #1 State for overall economic development in the country   Mumbai, Maharashtra, India Frost & Sullivan proudly presented its 2017 “Growth, Innovation and Leadership Award for Economic Development in India” to the Honorable Chief Minister of Maharashtra, Shri Devendra Fadnavis, to recognize the state government’s commendable endeavour toward economic development. Maharashtra ranked first in Frost & Sullivan’s annual ‘Growth Innovation Leadership (GIL) Index for Economic Development in India’ for 2017.  

Frost & Sullivan proudly presented its 2017 "Growth, Innovation and Leadership Award for Economic Development in India” to the Honorable Chief Minister of Maharashtra, Shri Devendra Fadnavis, to recognize the state government’s commendable endeavour toward economic development. Maharashtra ranked first in Frost & Sullivan’s annual ‘Growth Innovation Leadership (GIL) Index for Economic Development in India’ for 2017. Aroop Zutshi, Global President & Managing Partner, Frost & Sullivan and team presented the award to the Chief Minister at ‘Varsha’, the Chief Minister’s official residence in Mumbai.
 
Talking about the award, Zutshi said, “Through discipline in action, Maharashtra as a state as well as its leadership have shown how to make an impact on people and drive economic development. Other states across India should benchmark against Maharashtra's holistic approach to development and replicate wherever possible. I would like to congratulate the Honorable Chief Minister Shri Devendra Fadnavis and his team for achieving this excellence.”
 
Growth Innovation Leadership (GIL) Index for Economic Development in India, a research-based index, evaluated each of India’s 29 states across 100 indicators and facilitated state-wise comparisons. It followed a robust, data driven indexing methodology that weighed the indicators of each state over the below mentioned 10 pillars:
  • Digitization
  • Economic Prosperity
  • Education
  • Government Effectiveness
  • Investment Potential
  • Women Empowerment
  • Infrastructure development
  • Employability
  • Health Improvement
  • Mobility Measures

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.

  Media Contact Details

Priya George, Corporate Communications – South Asia Frost & Sullivan, ,+91-9840355432 ,+91 (44) 66814414 , priyag@frost.com

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Image Caption : Aroop Zutshi, Global President & Managing Partner, Frost & Sullivan presenting Frost & Sullivan’s 2017 “Growth, Innovation and Leadership Award for Economic Development in India” to Honorable Chief Minister of Maharashtra, Shri Devendra Fadnavis to recognize the state government’s commendable endeavour toward economic development Click for Real Image