Chief ministerSukhvinder Singh Sukhupresented theHimachal Pradesh Economic Survey 2022-23in the Vidhan Sabha on Thursday which states that the state;s or GDP atConstant Priceswill grow by over Rs 8,143 crore during the current financial year 2022-23 as compared to the previous financial year 2021-22.
CM Sukhu said this translates into Growth in real GDP during Financial Year 2022-23 at 6.4 per cent as compared to 7.6 per cent in Financial Year 2021-22, according to first advance estimates of State Income. He said that Per Capita Income of Himachal Pradesh is more than the estimatedNational Per Capita Incomefor 2022-23 by Rs 51,607.
He said that state’s RealGross Domestic Product(GDP) or GDP at Constant Prices (2011-12) in Financial Year 2022-23 is estimated to attain a level of Rs 1,34,576 crore, as against the provisional estimate of GDP for Financial Year 2021-22 of Rs 1,26,433 crore.
The Nominal GDP or GDP at Current Prices in Financial Year 2022-23 is estimated to attain a level of Rs 1,95,404 crore, as against the provisional estimate of GDP for Financial Year 2021-22 of Rs 1,76,269 crore showing an absolute increase of Rs 19,135 crore. The growth in Nominal GDP during Financial Year 2022-23 is estimated at 10.9 per cent as compared to 13.5 per cent in Financial Year 2021-22.
As per advance estimates for Financial Year 2022-23, the Gross Value Added (GVA) from Primary Sector is likely to grow at a pace of 2.0 per cent at constant prices.
During financial year 2022-23 (AE), the GVA of Primary sector moved up to Rs 16,717 crore as against Rs 16,395 crore in Financial Year 2021-22 (FR) at constant prices. As per advance estimates for Financial Year 2022-23 the GVA of the Secondary Sector is estimated at Rs 60,444 crore against Rs 56,408 crore for Financial Year 2021-22(FR) at constant (2011-12) prices, expected to register a growth rate of 7.2 per cent over the previous year.
The chief minister said that the Services-sector”>services sector has a significant and fast growing share in the State’s GVA. The advance estimates for the Financial Year 2022-23 at Constant (2011-12) prices for Services Sector is estimated at Rs 49,527 crore as against Rs 46,350 crore in Financial Year 2021-22(FR) showing a growth rate of 6.9 per cent over last year.
According to advance estimates, the Per Capita Income at current prices for Financial Year 2022-23 is estimated at Rs 2.22,227 against Rs 2,01,271 in 2021-22 showing a growth rate of 10.4 per cent as against 13.1 per cent in 2021-22(FR)