Himachal hopes to clock 9 percent growth
March 8th, 2011 - 4:02 pm ICT by IANSShimla, March 8 (IANS) The Himachal Pradesh economy is expected to grow by 9 percent this fiscal, higher than the national estimate of 8.6 percent, according to the state’s economic survey.
“The per capita income is estimated at Rs.58,493 for 2010-11,” said the report, which was tabled in the state assembly Monday by Chief Minister Prem Kumar Dhumal.
He said the state achieved a growth rate of 7.4 percent in 2008-09 against 8.1 percent in 2009-10 and is likely to grow by 9 percent in 2010-11.
“The per capita income increased to Rs.50,365 in 2009-10 from Rs.46,019 in 2008-09,” said Dhumal, who also holds the finance portfolio.
However, during 2009-10, food production registered a decline of 17 percent against the previous year. “The food production was 10.17 lakh MT (metric tonnes) against the production of 12.27 lakh MT in 2008-09. However, this fiscal, the production is expected to be 15.80 lakh MT,” the survey said.
Fruit production was 9.61 lakh tonnes in 2010-11 (up to December 2010) against 3.82 lakh tonnes in 2009-10.
“Apple constitutes about 93 percent of the total fruit production in the state. During 2010-11, 8.92 lakh tonnes of apples were produced against 2.80 lakh tonnes in 2009-10,” the report said.
Himachal Pradesh’s hydropower generation potential is 23,000 MW - about 25 percent of India’s total hydropower potential. However, only 6,672 MW of power has been tapped in the state.
Twelve projects with a combined generation capacity of 1,125 MW are being executed by the state electricity board, whereas 19 projects with a generation capacity of 1,685 MW are under execution by private companies. Five mega hydro projects with a combined generation capacity of 2,763 MW are also being executed by the central government and joint ventures.
Himachal Pradesh attracted 132.66 lakh tourists in 2010, the report said.
“At present, 2,169 hotels having a bed capacity of 55,928 are registered with the state,” it added.
The state economy is highly dependent on hydroelectric power, horticulture and tourism.
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- Tourism, horticulture top priorities: Himachal governor - Feb 28, 2011
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- Himachal invites food processing firms - Apr 07, 2011
- Punjab, Haryana stare at foodgrain wastage again, seek help - Jul 22, 2011
- Karnataka economy to dip to 6.4 percent - Mar 21, 2012
- Tamil Nadu expects 10 percent growth in 2010-11 - Feb 05, 2011
Tags: central government, chief minister, economic survey, finance portfolio, food production, fruit production, generation capacity, himachal pradesh, hydro projects, hydropower generation, lakh tonnes, metric tonnes, mw, national estimate, per capita income, private companies, rs 50, state assembly, state economy, state electricity board