As per advance estimate, the Gross State Domestic Product (GSDP) at constant price is likely to grow at 7.05 per cent in current fiscal year 2013-14 over the previous year, an economic survey of the mineral-rich Chhattisgarh stated on Friday.
"The growth in Agriculture sector (Agriculture, livestock, Forestry and Fishing), Industry sector (Secondary sector and mining sector) and Service sector are expected to be 2.62%, 6.07% and 10.18% respectively in 2013-14, over the previous year," said the survey tabled by Chief Minister Raman Singh in the State Assembly amid desk-thumping by the ruling BJP members. As per first revised estimates (Quick Estimates) for the year 2012-13 at constant price, the GSDP registered a growth of 7.56% as against the All India DGP figure during the same period was just 4.47%.
Chhattisgarh's agriculture sector in year 2012-13 grew at the rate of 8.89% much higher than All India percentage of a meagre 1.41 per cent. As per Chhattisgarh's economic survey, the Industry sector in the State witnessed a growth of 5.38 per cent in 2012-13 as against the all-India growth rate of 0.96 per cent. Chhattisgarh's service sector registered an impressive growth figure of 9.09 per cent as against all India figure of 7 per cent. As per advance estimate, the Gross State Domestic Product at current price is likely to increase to Rs 1,75,961 crore in the year 2013-14 from Rs 1,53,621 crore as estimated for the year 2012-13.
In this period, Agriculture sector (Agriculture, livestock, Forestry and Fishing) is expected to increase from Rs 34,097 to 36,841 crore, Industry sector (Secondary sector and mining sector) from Rs 57,306 crore to Rs 64,864 crore and Service sector from Rs 62,217 crore to Rs 74,256 crore.