Economic Survey
Total Page：16
File Type：pdf, Size：1020Kb
ECONOMIC SURVEY OF HIMACHAL PRADESH 2014-15 Economics & Statistics Department FOREWORD Economic Survey is one of the budget documents which indicates the important economic activities and achievements of the Government. The salient features of the State of the economy of Himachal Pradesh during 2014-15 are presented in Part-I, and statistical tables on various subjects are given in Part-II. I am thankful to all the departments and public undertakings for their co-operation in making available the material included in the Survey. The burden of collection and updating the huge and voluminous data and its presentation in a concise and inter-related form was borne by the Economics & Statistics Department. I appreciate and commend the work done by the officers and officials of this department. Dr. Shrikant Baldi Principal Secretary (Finance, Plg., and Eco. & Stat.) to the Govt.of Himachal Pradesh. I N D E X Contents Pages 1. General Review 1 2. State Income and Public Finance 10 3. Institutional and Bank Finances 15 4. Excise and Taxation 31 5. Price Movement 33 6. Food Security and Civil Supplies 35 7. Agriculture and Horticulture 41 8. Animal Husbandry and Fisheries 54 9. Forest and Environment 63 10. Water Resource Management 67 11. Industries and Mining 69 12. Labour and Employment 72 13. Power 77 14. Transport and Communication 103 15. Tourism and Civil Aviation 107 16. Education 110 17. Health 123 18. Social Welfare Programme 129 19. Rural Development 140 20. Housing and Urban Development 145 21. Panchayati Raj 150 22. Information and Science Technology 153 ------------------------------------------ Part-I ECONOMIC SURVEY-2014-15 ------------------------------------------ 1. GENERAL REVIEW Economic Situation at National Level 1.1 THE Indian economy in in 2012-13 showing an increase of the year 2014-15 revived after it has 13.6 percent during the year. The experienced a slowdown in the previous Gross Value Added (GVA) at basic year due to domestic structural and prices witnessed a growth of 6.6 percent external factors.This slowdown has in during 2013-14 (Base 2011-12) against particular affected the industrial sector. the growth rate of 4.9 percent during the Inflation too declined during this period previous year. The growth rate in Gross but continued to be above the comfort Value Added during 2013-14 has been zone. achieved due to thehigher growth in Trade, Hotels, Transport and 1.2 The developments on the communication (11.1 percent), Public macro stabilization front, particularly the administration and Other Services improvement in the external economic (7.9 percent), Agriculture, Forestry & situation and fall in the oil prices, the fishing (3.7 percent), construction current account deficit (CAD) declining (2.5 percent) and Electricity, gas, water to manageable levels after two years of supply and other utility services worrying high levels. With the various (4.8 percent). measures taken by the government 1.5 The per capita income at which include liberalisation of FDI in current prices is estimated at `80,388 in retail, aviation, broadcasting and 2013-14 as against `71,593 for the insurance, and with the inflation coming previous year recording an increase of off, the economy seemed to be setting in 12.3 percent. The per capita income in for a recovery. The pace of economic real terms i.e at 2011-12 prices, is growth during 2013-14 has been estimated at `69,959 for 2013-14 as estimated at 6.6 percent. against `66,344 in 2012-13 registering an increase of 5.4percent. 1.3 The Eleventh Five Year Plan target was pegged at an average 1.6 The growth rate for the annual growth of 9.0 percent but it has fiscal year 2014-15 is expected around registered a growth of 8.0 percent. The 7.5 Percent as per the advanced target for the Twelfth five year has been estimates. kept at 8 per cent. 1.4 The Gross Domestic 1.7 Headline inflation, year – Product (GDP) at constant prices, with on-year, as measured by the Wholesale new Base year i.e. 2011-12, in 2013-14 Price Index (WPI), remained low in the is estimated at `99.2 lakh crore as current financial year (2014-15) in against `92.8 lakh crore in 2012-13. At comparison to the previous years in current prices Gross Domestic Product when it was as high as 8.96 percent. in 2013-14 isestimated at ` 113.5 lakh The inflation rate in terms of Whole Sale Price Index was 0.11 percent in the crore as against `99.9 lakh crore month of December, 2014 against 1 6.40 percent in the month of December, 1.9 The State Gross Domestic 2013. The All India Consumer Price Product (GSDP) at factor cost at Index Number for Industrial workers was constant (2004-05) prices in 2013-14 is 5.9percent in December, 2014 as E stimated at `47,376 crore as against against 9.1 percent during the period `44,610 crore in 2012-13 registering a December, 2013. growth of 6.2 percent during the year as against the growth rate of 6.2 percent Economic Situation in Himachal during the previous year. At current Pradesh prices, the GSDP is estimated at 85,841 crore as against 76,259 crore ` ` 1.8 The economy of Himachal in 2012-13 showing an increase of Pradesh started its development journey 12.6 percent during the year. from scratch, today the State has not only emerged as a model of 1.10 The Per Capita Income at development of hill areas in the country, current prices witnessed an increase of but has also emerged as a pioneer in 11.4 percent as it increased to `95,582 various fields of development. Himachal in 2013-14 from `85,792 in 2012-13. has emerged as aleading economy in The increase in total State Domestic the country and also a leader in hill area Product is mainly attributed to 15.3 development. The State has made percent increase in Primary sector, 9.8 tremendous progress in industries, percent in Community & Personal power, horticulture, agriculture and Services sectors, 2.6 percent in allied activities. The economy of the Transport and Trade, 4.5 percent in state is expected to achieve a growth Finance & Real estate. Whereas the rate of 6.5 percent in the current Secondary sector increased by only 2.6 financial year . percent. Food-grains production, which was 15.41 lakh MT during 2012-13 has increased to 15.76 lakh MT during Growth Rate 2013-14 and is expected at 16.20 lakh 6.5 MT (anticipated) in 2014-15. The fruit production has also increased by 55.8 percent i.e from 5.56 lakh MT in 2012-13 to 8.66 lakh MT in 2013-14 and Percent 6.2 6.2 during 2014-15 (up to December, 2014) production was 6.53 lakh MT. 2012-13 2013-14 2014-15 1.11 As per the advanced estimates Year and on the basis of economic conditions up to December, 2014, the likely growth rate for 2014-15 will be around 6.5 percent. 2 TABLE 1.1 Key Indicators Indicators 2012-13 2013-14 2012-13 2013-14 Absolute Value %age change over previous year G.S.D.P.(`in crore) (a)At current prices 76259 85841 14.8 12.6 (b)At constant prices 44610 47376 6.2 6.2 Food grains production 15.41 15.76 (-) 0.2 2.3 (lakh tonnes) Fruit production (lakh tonnes) 5.56 8.66 49.1 55.8 Gross Value Added from Industrial Sector*( ` in crore) 15402 15795 15.6 2.6 Electricity generated (Million Units) 1815 1951 (-) 4.7 7.5 Wholesale Price Index 167.6 177.6 7.4 6.0 C.P.I. for Industrial Workers(HP) 193 213 10.3 10.4 *At current price 1.12 The economic growth in shift i.e. from 35.1 percent in 1950-51 to the State is predominantly governed by 24.50 percent in 2013-14 agriculture and its allied activities showed not much fluctuations during 1.14 The declining share of nineties as the growth rate remained agriculture sector do not, however, more or less stable. The decade affect the importance of this sector in the showed an average annual growth rate State economy as the state economic of 5.7 percent, which is at par with growth still is being determined by the national level. The economy has shown trend in agriculture and horticulture a shift from agriculture sector to production. It is the major contributor to industries and services as the the total domestic product and has percentage contribution of agriculture overall impact on other sectors via input and allied sectors in total State linkages, employment and trade etc. Domestic Product has declined from Due to lack of irrigation facilities our 57.9 percent in 1950-51 to 55.5 percent agricultural production to a large extent in 1967-68, 26.5 percent in 1990-91 still depends on timely rainfall and and to 14.25 percent in2013-14. weather conditions. High priority has been accorded to this sector by the 1.13 The share of industries and Govt. services sectors respectively has increased from 1.1 & 5.9 percent in 1.15 The State has made 1950-51 to 5.6 and 12.4 percent in significant progress in the development 1967-68, 9.4 & 19.8 percent in 1990-91 of Horticulture. The topographical and to 18.40 and 42.85 percent in 2013- variations and altitudinal differences 14.