The total expenditure of the state was 40 thousand crore rupees in the year 2014-15, which increased to about 70 thousand crore rupees in 2019-20. (File)
The Economic Survey of the state of Jharkhand has been tabled in the House on Tuesday. The Jharkhand Economic Survey-2020-21 estimates a 6.7 percent increase in gross state domestic product (GSDP). The Economic Survey report said that about 29 percent more revenue is estimated in the current financial year than the previous year.
While capital receipts are estimated to be less by about 10 percent. At the same time, the per capita income of Jharkhand is estimated to be Rs 57,863 and Rs 79,873 respectively at constant and prevailing prices in the year 2019-20. Compared to the previous year, in the year 2019-20, the per capita income has registered an increase of 5.2 per cent on the fixed price and 9.2 per cent on the prevailing price.
Better signs in hotel, restaurant and real estate business
According to the Economic Survey, Corona has affected Jharkhand’s economy like the rest of the country. The survey has expressed the possibility of contraction of GSDP of the state, 6.9 per cent in fixed price and 3.2 per cent in prevailing price in the current financial year 2020-21. The tertiary sector is projected to have the highest growth of 7.9 per cent in 2019-20 among the three major sectors of the state’s economy. It includes hotels, restaurants, communication and broadcasting services, real estate etc.
86 thousand crore is estimated to be spent
Hotels, restaurants, communications and broadcasting services, real estate share in state GDP increase in 2019-20, while others decreased. The total expenditure of the state was 40 thousand crore rupees in the year 2014-15, which increased to about 70 thousand crore rupees in 2019-20. The total expenditure in the current financial year is estimated to be around 86 thousand crores.
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