Team News Riveting
Raipur, February 8
Chhattisgarh’s economy in the financial year 2023-24 is estimated to grow by 6.56 per cent, less than the predicted national average of 7.3 per cent.
State’s per capita income is likely to reach Rs 1,47,361 in financial year 2023-24.
Chhattisgarh Minister for Finance, Planning, Economics and Statistics O P Chaudhary tabled the Economic Survey 2023-24 in the state legislative assembly today. It underlined that the state’s GSDP at constant price (base year 2011-12) is expected to grow at 6.56 per cent as per advance estimates and reach Rs 3,21,94,473 lakh in 2023 -24 as against quick estimates of 3,02, 11,868 lakh in FY 2022-23.
State’s agriculture and allied sector (agriculture, livestock, forestry and fishing) and industry sector (mining and quarrying, construction, manufacturing and electricity, gas and water supply) are expected to grow by 3.23 per cent and 7.13 per cent respectively in the ongoing fiscal over the previous one. The service sector is likely to increase by 5.02 per cent as compared to the previous year in 2022-23, it added.
As per advance estimate, the GSDP at current price (market prices) is likely to increase to Rs 5,05,887 crore in FY 2023-24 as against Rs 4,64,399 crore as estimated for the year 2022-23. This growth is about 8.93 per cent.
According to the report, the per capita income in 2023-24 is likely to reach Rs 1,47,361, registering a growth of 7.31 per cent as compared to Rs 1,37,329 in the previous financial year.
