Finance, Planning and Economics Statistics Minister Jagdish Deora has said that the state's economy is growing rapidly. Therefore, the data collection system needs to be constantly alert for the accuracy and accurate estimation of the data. For this, information technology will be used at maximum levels. Finance Minister Deora was addressing a workshop focused on "Methodology and calculation for preparation of estimates of Gross Domestic Product of Madhya Pradesh" by the Planning, Economics and Statistics Department at the Academy of Administration today.
Minister Deora said that sectoral accounting statistics has an important role in the industry group-wise analysis of the state's economy. Estimates of State Domestic Product are an important indicator for evaluating the level of economy and development of the social and economic sector of the state. Data is the solid basis for the control of a strong economy and the implementation of developmental plans. He also appreciated the innovative efforts of the department.
Minister Deora said that on the basis of state's Gross State Domestic Product (GDP) at constant rate (year 2011-12) is estimated at Rs. 5 lakh 64 thousand 514 crore in the year 2020-21 as compared to Rs. 5 lakh 75 thousand 554 crore in the year 2019-20, while on the basis of advance estimates, the Gross State Domestic Product is estimated to be 6 lakh 21 thousand 653 crore in the year 2021-22 with a growth of 10.12 percent.
Minister Deora said that the Gross State Domestic Product showing an increase of 4.01 percent at the prevailing prices has been estimated to be Rs. 9 lakh 76 thousand 281 crore in the year 2020-21 as compared to Rs. 9 lakh 38 thousand 602 crore in the year 2019-20. According to the advance estimates for the year 2021-22, with an increase of 19.74 percent, it is estimated to be Rs. 11 lakh 96 thousand 4 crore.
Deora said that for the year 2020-21, the per capita income in Madhya Pradesh is Rs. 58 thousand 334 at a constant rate (year 2011-12). The per capita income has been estimated to increase from Rs. 1 lakh 3 thousand 103 in the year 2019-20 to Rs 1 lakh 4 thousand 894 in the year 2020-21 at the prevailing prices, showing an increase of 1.74 percent. On the basis of advance estimates, the per capita income for the year 2021-22 has been estimated at Rs.63 thousand 345 and Rs.1 lakh 24 thousand 685 respectively at constant/prevailing prices.
Principal Secretary Planning, Economics and Statistics Mukesh Chandra Gupta said that the statistics officers should pay attention to the quality of data, because the real progress of major departments like education and health is known only on the basis of data. He said that soon the activities of the Statistics Department would be done online.
Former Director General National Statistical Office, Government of India, New Delhi, Ashish Kumar said that there should be computerization of data as per the requirement. For this, skill training should be given and the accuracy of the data should be increased.
Chief Statistician of India and former Secretary Praveen Shrivastava said that the Government of India has set a target of 5 trillion economy. To achieve this goal, Madhya Pradesh will have to increase its capacity. He said that the working capacity of the staff involved in this work will have to be increased. He said that the foundation of policy-making should be laid on the basis of pure data only. The old ways have to be changed. The data storage system needs to be modernized. Always updated data should be used.
Ganesh Kavadia, former Head of Department, School of Economics, Indore, said that data is the main source of economic development. He said that maximum contribution of Madhya Pradesh is necessary in creating a five trillion economy.
The contribution of Madhya Pradesh in the economic development of the country is increasing rapidly.
Madhya Pradesh is a disciplined state and is performing well in the implementation of central schemes. He said that university students should also be used in data collection.
Commissioner, Economics and Statistics Department, Shri Abhishek Singh expressed his gratitude to all the experts including the minister present. Officers of Planning, Economics and Statistics Department were present along with Joint Director Shri VS Dhapani.