Economic survey 2021-22 estimates increase of nearly 6% in growth rate

TheUttarakhandgovernment tabled the Economic Survey 2021-22 report in the state assembly on Friday. According to the provisional estimate for Growth rate in 2020-21, an increase of – 4.42 per cent has been estimated; while it is estimated to increase by 6.13 per cent in 2021-22.

In 2020-21, the state’s Gross Domestic Product has been estimated at Rs 2,34,660 crore at the prevailing prices of the provisional estimates. In comparison, it has been estimated to be Rs 2,53,832 crore in 2021-22. On the other hand, the per capita income (provisional) of the state in 2020-21 is estimated at Rs 1,82,698, and at Rs 1,96,282 in 2021-22. Gross Domestic Product (provisional) at constant prices (2011-12) has been estimated at Rs 1,78,912 crore in 2020-21, which has been estimated to increase to Rs 1,89,882 crore in 2021-22, which is 6.13 per cent of that of the previous year. Analysing the growth rate of the states GDP in 2021-22, lower growth rates have been seen in construction (11.61 per cent), transportation, storage, Communication and broadcasting Services (11.60 per cent), real estate, housing ownership and commercial services (10.50 per cent), other sectors (10.13 per cent), the financial sector (4 per cent) and electricity, gas, water and other utility services (2.98 per cent).