Chhattisgarh Chief Minister Raman Singh who also holds the Finance portfolio on Thursday tabled the Economic Survey for the year 2014-15 in the State Assembly on Thursday. The presentation of Budget Estimates for the year 2015-16 will be done on Friday in the Chhattisgarh Assembly.
The state of economy as per the advance estimates of Gross State Domestic Product for the year 2015-16 states that in 2014-15 the State's economy is estimated to grow 13.20 per cent at the current price over the previous year. In the backdrop of continuing economic slowdown, the growth in Gross State Domestic Product is impressive.
Singh revealed that during 2014-15, Agriculture sector (agriculture, livestock, forestry and fishing) is expected to grow at the rate of 14.18 per cent, whereas Industry sector (mining, construction, manufacturing and electricity, gas & water supply) and Service sector likely to grow by 10.62 per cent and 15.21 per cent respectively.
The Chief Minister said that as per revised estimates for 2013-14 at constant price, the GSDP registered a growth of 12.10 per cent. As per advance estimate, the Gross State Domestic Product at current prices is expected to increase to Rs2,10,192 crores in the year 2014-15 from Rs1,85,682 crores as estimated for the year 2013-14, he said.
Singh said that during 2014-15, the share of Agriculture, Industry and Service sectors in GSDP at current price are expected to be 22, 38 and 40 per cent respectively. At current price, the per capita income in 2013-14 was estimated to be Rs58,547 which is estimated to grow by 10 per cent and attain the level of Rs64,442 during 2014-15, Singh said.