The Gross State Domestic Product ( GSDP) which is an indicator of total size of economy of Uttarakhand has registered a healthy 10.35 percent increase in the year 2018-19 as compared with last year. The data released the Directorate of Economics and Statistics (DES), Department of Planning, has put the size of economy at Rs 245895 Crores for the year 2018-19. The department released the second revised estimates of the state’s income on Saturday. The GSDP at current prices was Rs 2,22,836 crores last year .The data released by the DES also show an increase in per capita income (PCI) in the State. The DES has put the PCI of the State at Rs 1,98738(provisional estimates) for the year 2018-19 which is higher than Rs 1,82,320 (revised estimates) declared in the last financial year (2017- 18). It means that the PCI of Uttarakhand has registered a healthy increase of Rs 16,418 this year as compared to last year. Incidentally, the PCI of India for the year 2018-19 was pegged at Rs 1,26,406 only which means that the people of Uttarakhand earn Rs 73,332 more than average Indian.
In the first advanced estimates released in January this year, the DES had put the PCI of the State at Rs 1,90,284 ( advance estimates) for the year 2018-19.
On the constant prices, the DES has provisionally estimated the GSDP at Rs 1,93,273 crores for the year 2018-19 which shows a growth rate of 6.87 percent over the revised estimates of the GSDP for the year 2017-18.
State Income Estimate is an of aggregate money value of goods and services produced within the geographical boundary of an economic-region (Nation, State, District), counted without duplication, during a specific period of time usually a year.
These are initially estimated for a Base Year (with respect to which growth or development is reflected) and subsequently declared for forthcoming years.
The parameters used in its determination are Gross State Domestic Product (GSDP) at Constant Prices, GSDP at Current Prices, Net State Domestic Product (NSDP) at Constant Prices and NSDP at current prices.
The Directorate of Economics and Statistics (DES), Department of Planning is entrusted with the task of preparing the state estimates.
The directorate has taken the year 2011-12 as base year for releasing the data.
These estimates are primarily based on the latest survey, studies and index developed and conducted by CSO in different sectors of the economy.
The State Government line Department data, Budget document, departmental and non departmental enterprise as well as private sector data is used for the estimation process.