The performance of states was gauged on parameters like growth, inflation and fiscal health.
"Gujarat, Madhya Pradesh and Haryana were the fastest growing states between fiscals 2013 and 2017. Bringing up the bottom were Punjab, Uttar Pradesh and Kerala," said the report.
Gujarat was the top performer in construction and manufacturing growth, while Chhattisgarh and Haryana were among the top performers in manufacturing and trade, transportation and communication services, it said.
"These states, therefore, are likely to have been more successful than others in job creation. In Gujarat specifically, the share of manufacturing has jumped from 28.4 per cent to 34.4 per cent of gross value added (GVA)-which is close to levels seen in China."
These states recorded the highest growth in aggregate GVA of labour-intensive sectors.
The report pointed out that the poorer states aren't growing faster.
States with the lowest GDP growth during 2013 to 2017-Kerala, Punjab, Uttar Pradesh, saw below-average growth in GVA of their labour-intensive sectors.
On level of indebtedness and deficit, Chhattisgarh, Karnataka and Maharashtra were the top three states and Uttar Pradesh, Punjab and Rajasthan came in the bottom three.
Chhattisgarh, Karnataka, Maharashtra, Gujarat and Telangana were among the states which successfully managed high growth levels while keeping their fiscal deficits below 3 per cent.
On the contrary, states which have lower growth rates despite their fiscal deficits overshooting the 3 per cent target are Kerala, Punjab, Rajasthan, Tamil Nadu and Uttar Pradesh, it added.
"We conclude that Gujarat and Maharashtra performed well on all the three key macroeconomic parameters, having a growth rate above the national average, inflation and debt levels below the national average, and fiscal deficit less than the target set by the Fiscal Responsibility and Budget Management (FRBM) Act between fiscals 2013 and 2017," Crisil said.
Conversely, Bihar, Rajasthan and Uttar Pradesh were laggards across these parameters with low growth rate, high inflation and debt compared with the national average, and a fiscal deficit overshooting the FRBM target.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.