Economic survey pegs Himachal growth rate at 6.5 % for FY15

  • Saurabh Chauhan, Hindustan Times, Shimla
  • Updated: Mar 17, 2015 15:43 IST

Notwithstanding low productivity of fruit crops, Himachal is expected to achieve a growth rate of 6.5% for 2014-2015 failing to beat the projected national growth rate of 7.5% for the financial year.

The economic survey for 2014-15 was tabled in the Vidhan Sabha on Tuesday by irrigation and public health minister Vidya Stokes as authorised by the chief minister Virbhadra Singh in his absence, estimated growth state domestic product (GSDP) to increase to Rs 9,5587 crore in current fiscal.

It also revealed the GSDP at current prices in 2013-14 is increased to Rs 85,841 crore against Rs 76,259 crore in 2012-13 showing an increase of 12.6%. The GSDP at factor cost as constant price (2004-05) in 2013-14 is estimated at Rs 47,376 crore as against Rs 44,610 crore in 2012-13 registering a growth of 6.2%.

Survey also revealed that the per capita income at current prices witnessed an increase of 11.4% as it increased to Rs 95,582 in 2013-14 from Rs 85,792 in 2012-13 and is estimated at Rs 104,943 lakh in 2014-15. The increase in total state domestic product is mainly attributed to 15.3% increase in primary sector, 9.8% in community and personal services sectors, 2.6% in transport and trade, 4.5% in finance and real estate.

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