In what seems to good news to the State of Uttarakhand stuck recently with political instability and hit by recurring natural calamities, the per capita income of the small Himalayan State has showed a quantum jump. In a data released the Directorate of Economics and Statistics (DES), Department of Planning has put the Per Capita Income (PCI) of the State at Rs151219 for the year 2015-16 which is appreciably higher than Rs134784 declared in the last financial year (2014-15).
The PCI of India for the year 2015-16 was found to be Rs93293 which was higher than Rs86879 declared a year before. In economic growth rate also the State has fared exceedingly well. In the year 2015-16 the economic growth rate is appreciable 8.70 per cent which is much higher than 5 per cent last year. In this parameter also, the state has bypassed the percentage of the country which is pegged at 7.6 per cent for 2015-16.
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.