The report of economic survey suggests that the share of primary sector in economy of the state going down
Thursday, 29 FEBRUARY 2024 | PNS | DEHRADUN
The share of the primary sector in the economy of Uttarakhand is consistently decreasing while the share of tertiary sector is increasing appreciably. The economic survey- 2023-24 tabled in the house during the budget session on Wednesday stated that the share of the primary sector in the overall economy of the state was 14 per cent in the year 2011-12 which has reduced to 9.99 per cent in 2023-24. The primary sector includes agriculture, animal husbandry, forestry, fisheries and mining. In the year 2023-24 the primary sector contributed Rs 32,665 crore to the economy of the State which is 7.57 per cent more than the last financial year. On the other hand the share of tertiary sector in the economy of the state in the year 2011-12 was 33.88 per cent which jumped to 43.17 per cent in the year 2023-24. The tertiary sector includes service industry, transport, communication, financial services, hotel and public administration. The tertiary sector contributed a staggering 1,41,229 crore to the economy of the State in the year 2023-24. The share of the secondary sector in the economy of the State has also decreased from 52.12 per cent in the year 2011-12 to 46.84 per cent in the year 2023-24. This sector (manufacturing, construction, gas and power) contributed Rs 1,53,221 crore in the economy of the State in the year 2023-24.
The report of the economic survey estimates the Gross State Domestic Production (GSDP) at Rs 3,46,206 crore in the year 2023-24 ( first advance estimate) which means that the State has a growth rate of 7.58 per cent. On the net state domestic product the survey estimates the per capita income (PCI) of Uttarakhand in the year 2023-24 at Rs 2,60,201 which is much higher than the PCI of the country which is Rs 1,85,854.
