PANJIM: Owing to the dip in the
mining sector, the State’s Gross State Domestic Product (GSDP) registered a
fall of 0.34 percent in 2014-15.
“The GSDP of the State for the
year 2014-15 (Quick Estimates) at constant (2004-05) prices is estimated at Rs
32,581.73 cr as against Rs 30,345.36 cr in the year 2013-14 (provisional
estimates) thereby reflecting a growth of 7.37 per cent in 2014-15 as against
7.71 per cent in 2013-14,” says the Economic Survey report presented in the
State Legislative Assembly today.
The report says the growth rate
under the primary sector which was around 10 percent during 2013-14
(provisional) fell drastically to -16.44 during 2014-15 (quick estimates).
“This can be attributed to huge fall in mining and quarrying sub-sector,” it
says.
Further the report states that
the growth rate under secondary sector, which was around 4 percent in 2011-12
and 2012-13 improved slightly to 5.6 per cent during 2013-14 (provisional).
“The buoyant growth in the
secondary sector continued during 2014-15 (Q) and stood at 6.73 percent.
Similarly, the growth rate under tertiary sector which was 35.56 percent in
2012-13 and further to 8.64 percent in 2013-14,” the report says adding during
2014-15 (Q), growth rate in tertiary sector improved and stood at 9.55 percent.
“In year 2014-15 (Q), primary
sector accounted for 3.84 percent, secondary sector for 31.67 percent and
tertiary sector accounted for 64.49 percent,” the Economic Survey adds.
Further, it also notes that
during the period 2011-12 to 2013-14 the percentage composition of primary
sector declined from 8 percent in 2011-12 to around 5 percent in the subsequent
two years, while the composition of secondary sector was almost constant at
around 32 percent.
However, the survey says,
composition of tertiary sector gradually increased from 59.21 percent in
2011-12 to 63.21 percent in 2013-14 (P) and further improved to 64.49 percent
during 2014-15 (Q).
However, the GSDP at current
prices for year 2014-15 (quick estimates) is 52,673.00 cr as against Rs
48,897.31 cr (provisional) in 2013-14 thereby registering a growth of Rs 7.72.
