Punjab’s growth slowest among big states
Tuesday, 12/03/2013
http://www.tribuneindia.com/2013/20130312/punjab.htm#1
Chandigarh : Punjab continues to paint a grim picture so far as the growth rate of its Gross State Domestic Product (GSDP) is concerned. Among the big non-special category states, Punjab is a laggard.
Though against the growth rate target of 5.9 per cent, fixed for the state in the 11th Five-year Plan (2007-08 to 2011-12), the state has achieved 6.87 per cent growth, it is the lowest among the 17 big states like Bihar, Chhattisgarh, Haryana, Odisha, Tamil Nadu, Uttar Pradesh and West Bengal. The country’s overall growth during this period has been 8 per cent against the target of 9 per cent.
Punjab has registered significantly poor growth on the agriculture front, also called the primary sector.
The predominantly agriculture state has registered a growth of 1.89 per cent in the farm sector against the national figure of 3.5 per cent during the Plan period.
Available advance estimates indicate that the state’s overall growth will be 5.2 per cent this fiscal year (2012-13), which is about to close. The state is likely to register a negative growth (minus 0.34) in the primary sector, which comprises agriculture and allied activities. Growth in manufacturing sector (secondary sector) has been estimated 3.54 per cent and in services sector 8.95 per cent. While measuring growth in the primary sector, farm production, minimum support price, area covered under agriculture and inflation rate are taken into account.
The state’s GSDP has been growing slow as compared to most of the other states since the beginning of the Eighth Plan (1992-93). Figures released by the Planning Commission indicate the state grew at the rate of 4.7 per cent during the Eighth Plan, 4.4 per cent during the Ninth Plan, 4.5 per cent during the 10th Plan and 6.87 per cent during the 11th Plan. Compared to it, Gujarat grew at a rate of 12.4 per cent during the Eighth Plan, 4 per cent during the Ninth Plan, 10.6 per cent during the 10th Plan and 9.59 per cent during the 11th Plan.
During the 11th Plan, Bihar’s growth of 12.11 per cent was the highest and Gujarat’s second highest in the country. Andhra Pradesh grew at the rate of 8.33 per cent, Chhattisgarh 8.44 per cent, Haryana 9.10 per cent, Jharkhand 7.27 per cent, Karnataka 8.04 per cent, Madhya Pradesh 8.93 per cent, Tamil Nadu 8.32 per cent and West Bengal 7.32 per cent.
Against the national growth target of 8 per cent, Punjab has been given the target of 6.5 per cent during the 12th Plan (2012-17).
Per capita income in the state (on the basis of current prices) is expected to be Rs 89,345 registering an increase of 14.54 per cent over the last year’s Rs 78,594.
Dismal scenario
Punjab’s growth is the lowest among the 17 big states during the 11th Five-Year Plan
It registered a growth of 1.89% in the farm sector against the national figure of 3.5%
The state’s overall growth will be 5.2 per cent this fiscal (2012-13) with farm sector growing at -0.34%, manufacturing sector 3.54% and services sector 8.95%
Against the national growth target of 8%, Punjab has been given the target of 6.5% during the 12th Plan (2012-17)
