SHIMLA: Himachal Chief Minister Prem Kumar Dhumal on Thursday presented the Economic Survey 2009-10 for the State in the Vidhan Sabha.
It projects a growth rate of 7.5 per cent for the current financial year whereas the corresponding growth rate for the same period at the national level was 7.2 per cent.
The Himachal economy had achieved a growth rate of 8.6 per cent in 2007-08 against 7.4 per cent in 2008-09 and is likely to achieve 7.5 per cent in 2009-10.
The growth rate during the Tenth Plan period of 2002-07 has been estimated at 7.6 per cent which is 0.2 per cent less than the national average.
According to the Survey, the estimated per capita income of Himachal Pradesh for 2009-10 is Rs.49,211. Per capita income was Rs.44,538 in 2008-09.
The Gross State Domestic Product at current prices in 2008-09 was Rs.36.924 crore and as per advanced estimates it is likely to be about Rs.42,278 crore in 2009-10.
The Survey says there were 1,373 bank branches in the State on September 30, 2009 and the Credit Deposit Ratio (CDR) was 47:22. Between December 2008 and December 2009 the all-India Wholesale Price Index and Consumer Price Index (CPI) increased by 7.3 per cent. The CPI rose by 9.9 per cent between April and November 2009 as against 12 per cent at the national level.
The agriculture sector in the State generates about 18.03 per cent to the total Gross State Domestic Product. During 2008-09, foodgrain production was 14 lakh MTs against the production of 14.41 lakh MTs during 2007-08, thus registering a decrease of 2.8 per cent. For 2009-10 it is anticipated at 9.56 lakh MTs.
Fruit production was 3.31 lakh tones in 2009-10 (up to December 2009) against 6.28 lakh tones in 2008-09.
Apple constitutes about 81 per cent of total fruit production.
During 2009-10 (up to December 2009) 2.80 lakh tonnes of apple were produced against 5.10 lakh tonnes in 2008-09.
Under the Mahatma Gandhi National Rural Employment Guarantee Scheme implemented from April 2008, 179.84 lakh mandays have been generated and employment has been provided to 393,083 families up to December 2009, the Survey stated.