|
Since the day of its formation in 2000, Chhattisgarh has been working on to achieve a steady and stable economic growth. The state economy is entirely dependent on the most basic primary sector, such as agriculture and allied activities.
Agriculture provides about 80 % of the livelihood of the rural population. However, the tertiary sector 37% to the state economy. The growth in agricultural sector and manufacturing sector were recorded to be 24.61% and 18.85% in 2005-06. Recently power, mining, handloom, coal, are also adding to the state economy.
In recent years, there has been an improvement in the standard of living and quality of life of the people of the state of Chhattisgarh. There is an increase in income levels of people. This indicates the strong growth in the state economy. Net per capita income in fiscal 2005-06 grew by 13.16 per cent at current prices, touching USD 474.05.
Between 1994 and 2003, the state’s NSDP increased from US$ 2.7 billion to
US$ 3.3 billion at a compounded annual growth rate of 2 per cent.
Note: the figures are at 1993-94 prices
Source: Estimate of State GDP of
Chhattisgarh, 1993-2002, Directorate of Economics & Statistics, Chhattisgarh
During 2002-03, Chhattisgarh’s per capita income stood at US$ 264. Between
1993-94 and 2001-02, the share of agriculture sector in the state declined from
40 per cent to 36 per cent and the industrial sector from 30 per cent to 28 per
cent.
Source: Estimate of State GDP of Chhattisgarh, 1993-2002, Directorate of
Economics & Statistics, Chhattisgarh
The contribution of the services sector registered an increase from 30 per
cent to 36 per cent during the same period.
|
