Himachal's growth rate likely to be 6.8 pc in 2016-17: Survey

Economic Survey for the state showed the GSDP is likely to increase from Rs 1,13,667 crore to Rs 1,24,570 crore.


The growth rate of Himachal Pradesh is expected to be 6.8 per cent and per capita income likely to rise to Rs 1.47 lakh during 2016-17, as per the Economic Survey of the state.

"The Gross State Domestic Product (GSDP) is expected to increase from Rs 1,13,667 crore in 2015-16 to Rs 1,24,570 crore in 2016-17, while the growth rate under the 12th Plan (2012-17) has been estimated at 7.2 per cent," said the Economic Survey for the current financial year, presented by Chief Minister Virbhadra Singh in the Assembly today.

The food grains production which was 16.34 lakh tonnes in 2015-16 is likely to slip to 16 lakh tonnes while the Horticultural production would be about 5.10 lakh tonnes against 9.29 lakh tonnes in 2015-16, it said.

Apple production, which accounted for 84 per cent of the total fruit production, was 4.56 lakh tonnes upto December 2016 against 7.77 lakh tonnes in the previous year.

Similarly, the vegetable production is also expected to be down to 15 lakh tonnes against the 16.09 lakh tonnes in 2015-16.

The tax collections have not shown the desired growth and may fall short of the target, which was raised by 15 per cent over the actual revenue collection of Rs 5,614 crore. It was Rs 4,636 crore upto December 2016.

There were 8,24,478 unemployed persons registered with the employment exchanges at the end of 2016 while Rs 116 crore were disbursed under the Skill development allowance to 1.58 lakh beneficiaries.

PTI - Mar 10, 2017 12:00 IST