Assocham projects high growth for ChhattisgarhFebruary 3rd, 2010 - 10:32 pm ICT by IANS
Raipur, Feb 3 (IANS) The Gross State Domestic Produce (GSDP) of Chhattisgarh is projected to go up by 110 percent in 2020 to Rs.102,19,292 crore from Rs.48,55,112 crore in 2008-09 fiscal, according to a vision paper released here Wednesday by the Associated Chambers of Commerce and Industry of India (Assocham).
The paper said the major contributor to the GSDP would be industrial and services sector, which respectively contributed Rs.19,89,023 crore and Rs.19,11,811 crore to the state’s GDP in 2008-09.
Releasing the paper, Assocham secretary general D.S. Rawat said, “The key growth sectors in the state will remain industry, services and agriculture with their prospects brightening in the next decade or so”.
According to the vision paper, these key growth sectors in the State can contribute towards the state GDP up to Rs.47,51,292 crore (industry), Rs.34,88,206 crore (services) and Rs.14,73,687 crore (agriculture) by 2020.
In order to achieve the projected GSDP by 2020, the Assocham has recommended a string of measures to strengthen Chhattisgarh’s industry, services and agriculture.
On industrial front, the chamber has called for “integrated approach to help small and medium enterprises (SME) sector by facilitating easy funding or financing, efficient technology, high quality standards, extensive marketing network”.
The paper suggested that the state should also encourage such low investment SMEs as food processing, which involve generating more jobs and purchasing power in rural areas.
“Since the production of paddy and maize is very high in Chhattisgarh, state government should invite the private players for food processing units in the state and provide them the subsidy and incentives for seasonal employment generation and also introduce the new technology for the farming of cash crops,” the Assocham paper stated.
- Karnataka economy to dip to 6.4 percent - Mar 21, 2012
- Chhattisgarh asked to ease enforcement of forest laws - Mar 22, 2011
- Bihar will see high growth next decade, predicts Assocham - Nov 12, 2009
- Karnataka lags behind in attracting FDI: Assocham - Aug 28, 2012
- Tamil Nadu expects 10 percent growth in 2010-11 - Feb 05, 2011
- India's GDP growth dips to 9-year low of 5.3 percent (Lead) - May 31, 2012
- Delhi's per-capita income three times the national average - Apr 27, 2012
- Chhattisgarh registers 19.88 percent growth - Feb 16, 2010
- Survey projects Karnataka's growth at 8.2 percent - Feb 23, 2011
- Survey projects 5.5 percent growth for Karnataka - Mar 04, 2010
- Plan panel okays Rs.14,010 crore outlay for Kerala - Apr 20, 2012
- How much do the corrupt earn? (To go with: Corruption has 'taken over India' but can be eliminated: Book) - Dec 09, 2011
- Only 35 percent of investments in Karnataka took off: Assocham - Aug 08, 2010
- Indian economy grows at a sluggish 5.5 percent in Q1 (Lead) - Aug 31, 2012
- New policy to boost manufacturing share in GDP ready - Jun 03, 2011
Tags: assocham, cash crops, chambers of commerce, chambers of commerce and industry, chhattisgarh raipur, crore, employment generation, food processing, gross state, growth sectors, industry of india, marketing network, private players, processing units, purchasing power, rawat, seasonal employment, small and medium enterprises, state gdp, vision paper