The "Economic Survey 2016-17" report was placed on the Table of the Chhattisgarh legislative Assembly by Chief Minister Raman Singh on Friday.
As per advance estimate, the Gross State Domestic Product (GSDP) (market price) at constant price is likely to grow at 7.14% over the previous year 2015-16, it informed
The Growth in Gross State Value Added (basic prices), Agriculture sector (Agriculture, livestock, Forestry and Fishing), Industry sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas & Water supply) and Service sector are expected to be 7.40%, 5.87%, 6.11% and 9.90% respectively, over the previous year.
The GSDP at current price (market price) is likely to increase to Rs 29,0140 crore in the year 2016-17 from Rs 260776 crore as estimated for the year 2015-16 with 11.26% increase compared to the previous year.
The Gross State Value Added (basic prices) is expected to increase from Rs 246993 crore to Rs 275655 crore. Contribution from Agriculture sector (Agriculture, livestock, Forestry and Fishing) increase to Rs 48522 crore from Rs 43419 crore; from Industry sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas & Water supply) it increased to Rs 127389 crore from Rs 116589 crore and that from Service sector raised from Rs 86985 crore to Rs 99744 crore. Percent increase compared to the previous year are 11.60%, 11.75%, 9.26% and 14.67% respectively.