Per capita income likely to see upward trend this year

Source: The Hitavada      Date: 09 Feb 2019 13:51:37


 

Staff Reporter,

RAIPUR,

The Gross State Domestic Product (GSDP) is estimated to grow by 6.08 per cent and the per capita income is likely to reach Rs 96,887 in the financial year 2018-19 in Chhattisgarh. T S Singhdeo, Minister for Planning, Economics and Statistics tabled the state’s Economic Survey Report for the year 2018-19 in the Chhattisgarh State Assembly on Friday. 

The Per Capita Income (Per Capita NSDP at current prices) is likely to attain a growth of Rs 96,887 during 2018-19 with a percentage growth of 7.88 per cent, over previous year. Later Chief Minister Bhupesh Baghel released the Economic Survey Report Booklet in the Assembly Annex.

According to the economic survey report submitted by T S Singhdeo, the anticipated growth in Gross State Domestic Product for the financial year 2018-19 at Constant Price is estimated to grow at 6.08 per cent over the previous year 2017-18. Similarly, the anticipated growth in Gross State Domestic Product 2018-19 at Current Price is likely to increase by 9.66 per cent. As per advance estimate, the GSDP at current price (market prices) is likely to increase to Rs 3,11,660 crore as against Rs 2,84,194 crore estimated for the year 2017-18.

Accordingly, in the Agriculture and Allied Sectors (Agriculture, Livestock, Forestry and Fishing) a growth of 3.99 per cent has been registered amounting to an increase from Rs 57,906 crore to Rs 62,728 crore.

In the Industrial and Allied Sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas and Water supply) a 5.36 per cent growth has been registered amounting to Rs 1,23,255 crore from Rs 1,14,288 crore.

In the Service Sector, a growth of 6.93 per cent has been registered amounting to Rs 1,09,677 crore from Rs 98,453 crore. The percentage increases in comparison to the previous year in these sectors are 8.33 per cent, 7.85 per cent and 11.4 per cent has been registered in these sectors respectively 

According to the Quick Estimates at constant prices for the year 2017-18, the percentage growth registered in comparison to 2016-17 was 5.41 per cent. The growth in Agriculture Sector (Agriculture, Livestock, Forestry and Fishing), Industry sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas and Water supply) and Service sector are estimated at the rate of -0.68 per cent, 4.69 per cent and 9.07 per cent respectively over the previous year.