Uttarakhand’s economic economy growth rate estimated at 6.13 percent
The economy of Uttarakhand has recovered from the wrath of Corona period. This is being revealed from the report of the Economic Survey 2021-22 of the state government laid on the table of the assembly on Friday. The figures of the report are showing that the state’s economy is on track and towards rapid recovery.
According to the report, during the worst phase of Covid in 2020-21, the economic growth rate of the state had fallen below zero to -4.42 percent, in 2021-22 it not only turned positive, but now it is estimated to reach 6.13 percent. This is less than the expected growth rate of the Indian economy at 9.2 percent.
Gross State Domestic Product at prevailing prices is estimated to increase by 8.17 percent from the previous year. Whereas at constant prices, an increase of 6.13 percent is expected. For the first time since the formation of the state, there has been a decline in the Gross State Domestic Product in any year (2020-21). It was 234660 crores at the prevailing price in 2020-21, which is expected to increase to 253832 crores in 2021-22.
Important contribution of manufacturing, construction, trade
Manufacturing and construction, trade, hotels and restaurants, transport, warehousing, communication and broadcasting sectors have an important role in the economy. The overall contribution of primary sector agriculture, animal husbandry, fisheries is the lowest at 12.11 percent.
Ranked eighth in the country in inflation
According to the Consumer Price Index data of the Union Ministry of Statistics and Program Implementation in the report, inflation in Uttarakhand has increased by 5.83 percent to 6.38 percent in the quarter from January 2022 to March 2022. Uttarakhand ranks eighth in the country. Haryana has the highest inflation.
The report said that there were 14163 industrial units at the time of formation of the state, which increased to 73961 in the year 2021-22. Industries grew more than five times in the 20 years after the formation of the state. Investment increased by 20 times and employment increased by eight times. Till 2022, 382431 people got employment in micro, small and medium industries and 111451 people in big industries in the state.
