{"id":12666,"date":"2024-06-14T15:26:10","date_gmt":"2024-06-14T15:26:10","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=12666"},"modified":"2024-06-14T15:26:10","modified_gmt":"2024-06-14T15:26:10","slug":"transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/","title":{"rendered":"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore."},"content":{"rendered":"<p>Officials attribute the drop in income to the lockdown and work from <a href=\"https:\/\/exam.pscnotes.com\/home\">Home<\/a> situation in many industries. Though automobile sales are high, other <a href=\"https:\/\/exam.pscnotes.com\/services\">Services<\/a> have taken a hit. We hope to return to a positive <a href=\"https:\/\/exam.pscnotes.com\/growth\">Growth<\/a> rate next year,<\/p>\n<p>The highest growth rate of 23 per cent was registered during 2015-16 and 2016-17. From 2014-15 to 2015-16, the state saw a 20 per cent rise in income. Between 2016-17 and 2018-19 financial years, the growth rate was 23 and 19 per cent respectively.<\/p>\n<p>The first signs of a declining trend in growth rate were seen between 2017 and 2018 when it stood at 8 per cent. Between the following fiscal years, the income growth rate fell below 1 per cent, eventually reaching a negative growth rate of 8 per cent in 2020-21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials attribute the drop in income to the lockdown and work from Home situation in many industries. Though automobile sales are high, other Services have taken a hit. We hope to return to a positive Growth rate next year, The highest growth rate of 23 per cent was registered during 2015-16 and 2016-17. From 2014-15 &#8230; <a title=\"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore.\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/\" aria-label=\"Read more about Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore.\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1097],"tags":[978],"class_list":["post-12666","post","type-post","status-publish","format-standard","hentry","category-telangana","tag-24-07-21"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore.\" \/>\n<meta property=\"og:description\" content=\"Officials attribute the drop in income to the lockdown and work from Home situation in many industries. Though automobile sales are high, other Services have taken a hit. We hope to return to a positive Growth rate next year, The highest growth rate of 23 per cent was registered during 2015-16 and 2016-17. From 2014-15 ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T15:26:10+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore. - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/","og_locale":"en_US","og_type":"article","og_title":"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore.","og_description":"Officials attribute the drop in income to the lockdown and work from Home situation in many industries. Though automobile sales are high, other Services have taken a hit. We hope to return to a positive Growth rate next year, The highest growth rate of 23 per cent was registered during 2015-16 and 2016-17. From 2014-15 ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T15:26:10+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/","name":"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. This year, thetransport departmentearned Rs 3,228 crore while in 2019-20, the income was Rs 3,515 crore. - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T15:26:10+00:00","dateModified":"2024-06-14T15:26:10+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/transportsector-like-every-other-sector-was-hit-by-the-pandemic-induced-economic-downturn-in-the-state-for-the-first-time-the-sectors-income-fell-sharply-from-year-to-year-registering-a-negative\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Transportsector, like every other sector, was hit by the pandemic-induced economic downturn in the state. For the first time, the sectors income fell sharply from year to year, registering a negative growth. When compared to the previous year, the income decreased by 8.17 per cent in 2020-21. 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