Chhattisgarh’s Gross State Domestic Product (GSDP) is estimated to grow by 5.32 percent at the constant price in the financial year 2019-20, according to an economic survey tbaled in State Assembly on Monday.
“The per capita income is likely to grow by 6.35 per cent. Accordingly, the Per Capita Income (Per Capita NSDP at current prices) is likely to reach at Rs 98,281 during 2019-20 with a percentage growth of 6.35 per cent over previous year,’’ the survey stated.
In the absence of Amarjeet Bhagat, Minister for Planning, Economics and Statistics, Parliamentary Affairs Minister Ravindra Choubey tabled the state’s Economic Survey Report for the year 2019-20 in the Assembly. The report anticipated growth in Gross State Domestic Product for the financial year 2019-20 at constant price is estimated to grow at 5.32 percent in comparison to the previous year 2018-19.
The Agriculture and Allied Sectors (Agriculture, Livestock, Forestry and Fishing) is estimated to grow 3.31 percent at constant price while the Industrial and Allied Sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas and Water supply) is projected to grow at 4.94 percent, the report said. Chhattisgarh’s service sector is estimated to record a growth of 6.62 percent during 2019-20.
Comparatively, the national average estimated for 2019-20 are 2.8 percent, 2.5 percent and 6.9 percent respectively in these sectors.
According to the Quick Estimates at constant prices for the year 2018-19, the Gross State Domestic Product (at Market Prices) grew at 7.06 percent in comparison to 2017-18. Accordingly, the growth in Agriculture Sector (Agriculture, Livestock, Forestry and Fishing), Industry sector (Mining and Quarrying, Construction, Manufacturing and Electricity, Gas and Water supply) and Service sector for the year 2018-19, registered growth at the rate of 10.28 percent, 5.32 percent and 7.79 percent respectively over the previous 0year 2017-18.