- News>
- States
Haryana GSDP grows 5.2 pc
Chandigarh, Feb 12: The gross state domestic product (GSDP) of Haryana at constant (1993-94) prices recorded a growth of 5.2 per cent from Rs 35,062 crore in 2001-02 to Rs 36,876 crore in 2002-03.
Chandigarh, Feb 12: The gross state domestic product (GSDP) of Haryana at constant (1993-94) prices recorded a growth of 5.2 per cent from Rs 35,062 crore in 2001-02 to Rs 36,876 crore in 2002-03.
At current prices, GSDP is estimated at Rs 65,837 crore in 2002-03 as against Rs 60,212 crore in 2001-02, registering an increase of 9.3 per cent, revealed the economic survey presented in the Haryana Assembly, here today.
The sectoral analysis revealed that in 2002-03, while the contribution of primary sector in GSDP fell marginally by 0.8 per cent, contribution of secondary and tertiary sectors rose by 5.8 per cent and 9.2 per cent respectively.
The structural composition of the state's economy revealed that the primary sector, including agriculture, continued to be the dominant sector despite the fact that its contribution had declined to 29.4 per cent in 2002-03 from 42.5 per cent in 1993-94.
The contribution of secondary and tertiary sectors increased to 28 per cent and 42.6 per cent respectively in 2002-03 from 26.2 per cent and 31.3 per cent in 1993-94. This is a good indicator of the growth of state's economy.
Manufacturing sector, which occupied the second important place after agriculture and allied sectors witnessed a considerable improvement in its share. Its contribution has increased from 18.7 per cent during 1993-94 to 20.9 per cent during 2002-03 reflecting healthy industrialisation in Haryana.
The state has adopted liberal industrial policy and committed to create health environment for industrialisation to attract foreign as well as domestic investment and participation to speed up growth of industry and generate additional employment. The share of secondary sector, which also included manufacturing sector, increased from 26.2 per cent during 1993-94 to 28 per cent during 2002-03. Bureau Report
At current prices, GSDP is estimated at Rs 65,837 crore in 2002-03 as against Rs 60,212 crore in 2001-02, registering an increase of 9.3 per cent, revealed the economic survey presented in the Haryana Assembly, here today.
The sectoral analysis revealed that in 2002-03, while the contribution of primary sector in GSDP fell marginally by 0.8 per cent, contribution of secondary and tertiary sectors rose by 5.8 per cent and 9.2 per cent respectively.
The structural composition of the state's economy revealed that the primary sector, including agriculture, continued to be the dominant sector despite the fact that its contribution had declined to 29.4 per cent in 2002-03 from 42.5 per cent in 1993-94.
The contribution of secondary and tertiary sectors increased to 28 per cent and 42.6 per cent respectively in 2002-03 from 26.2 per cent and 31.3 per cent in 1993-94. This is a good indicator of the growth of state's economy.
Manufacturing sector, which occupied the second important place after agriculture and allied sectors witnessed a considerable improvement in its share. Its contribution has increased from 18.7 per cent during 1993-94 to 20.9 per cent during 2002-03 reflecting healthy industrialisation in Haryana.
The state has adopted liberal industrial policy and committed to create health environment for industrialisation to attract foreign as well as domestic investment and participation to speed up growth of industry and generate additional employment. The share of secondary sector, which also included manufacturing sector, increased from 26.2 per cent during 1993-94 to 28 per cent during 2002-03. Bureau Report