Per capita income in U’khand expected to rise, growth rate slips

  • | Sunday | 18th February, 2018

“The secondary sector also recorded a growth of 7.74 percent for this period and the industrial sector also witnessed an increase of 7.78 percent in the year 2017-18,” said Pant. In the national context, too, the data said, per capita levels in the country had risen from Rs 94, 130 in 2015-16 to Rs 1,03,219 in 2016-17 to Rs 1,11,782 in 2017-18. DEHRADUN: The per capita income of Uttarakhand is expected to rise to Rs 1,77,356 in financial year 2017-18 from Rs 1,61,102 in 2016-17 marking an increase of Rs 16, 254 as per data prepared by the State Directorate of Economics and Statistics which was released on Saturday. As per the data, the state’s growth rate was estimated at 6.77 % in FY 2017-18, down from 6.95% in 2016-17 and 7.52 in 2015-16.The data was prepared after a monitoring of 13 economic sectors and was based on estimation done at constant and current prices with 2011-12 taken as the base year.In terms of per capita, the state showed a steady increase with income levels rising from Rs 1,46,454 in 2015-16 to Rs 1,61,102 in 2016-17 and Rs 1,77,356 in 2017-18. The state GDP was estimated at Rs 2,17,609 at current prices for the year 2017-18 which indicated an increase of 11.25 % from 2016-17, the data said.Commenting on the findings, finance minister Prakash Pant said, “The slight dip in growth rate percentage this year is a cause for concern and we are focusing on improving this by initiating micro-level industrial activities in 13 key sectors in the state.” He added that the sectors like the agriculture, forestry and fisheries have showed an increase of 6.68 percent in the year 2017-18 while the primary sector grew at 6.99 percent during the corresponding period.

DEHRADUN: The per capita income of Uttarakhand is expected to rise to Rs 1,77,356 in financial year 2017-18 from Rs 1,61,102 in 2016-17 marking an increase of Rs 16, 254 as per data prepared by the State Directorate of Economics and Statistics which was released on Saturday. As per the data, the state’s growth rate was estimated at 6.77 % in FY 2017-18, down from 6.95% in 2016-17 and 7.52 in 2015-16.The data was prepared after a monitoring of 13 economic sectors and was based on estimation done at constant and current prices with 2011-12 taken as the base year.In terms of per capita, the state showed a steady increase with income levels rising from Rs 1,46,454 in 2015-16 to Rs 1,61,102 in 2016-17 and Rs 1,77,356 in 2017-18. In the national context, too, the data said, per capita levels in the country had risen from Rs 94, 130 in 2015-16 to Rs 1,03,219 in 2016-17 to Rs 1,11,782 in 2017-18. The state GDP was estimated at Rs 2,17,609 at current prices for the year 2017-18 which indicated an increase of 11.25 % from 2016-17, the data said.Commenting on the findings, finance minister Prakash Pant said, “The slight dip in growth rate percentage this year is a cause for concern and we are focusing on improving this by initiating micro-level industrial activities in 13 key sectors in the state.” He added that the sectors like the agriculture, forestry and fisheries have showed an increase of 6.68 percent in the year 2017-18 while the primary sector grew at 6.99 percent during the corresponding period. “The secondary sector also recorded a growth of 7.74 percent for this period and the industrial sector also witnessed an increase of 7.78 percent in the year 2017-18,” said Pant.

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