Chhattisgarh clocks over nine percent growth

February 22nd, 2008 - 9:04 pm ICT by admin  

Raipur, Feb 22 (IANS) The gross domestic product (GDP) of Chhattisgarh has grown 9.41 percent and its per capita income stands at Rs.25,321 in 2007-08, up 12.43 percent over the previous year, official data released here Friday has shown. Chief Minister Raman Singh, who also holds the portfolio of finance, Friday tabled the economic survey of Chhattisgarh for 2007-08 in the state assembly, a day ahead of presenting the state’s annual budget.

The state’s GDP was estimated at Rs.593.21 billion. At constant prices, it has recorded a growth of 9.41 percent over 2005-06, which was comparable with the all-India growth rate of 9.6 percent, the survey said.

The primary sector, which includes agriculture, forestry and mining, has grown 6.32 percent, with agriculture registering a growth of 4.29 percent.

The GDP growth in manufacturing and services for the same period was estimated at 8.05 percent and 10.93 percent, respectively.

During the 10th five-year plan (2002-07), the state performed remarkably well in all sectors.

Against the growth target of 6.10 percent in GDP, it achieved 8.68 percent growth rate, with agriculture registering 6.26 percent - more than double the target of three percent.

Similarly, for the secondary sector, which includes industry and manufacturing, there has been a sharp increase in the growth rate, which was 14.7 percent as compared to the target of 7.5 percent, the survey revealed.

The services sector recorded a growth of 7.78 percent against a target of 7.5 percent.

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