Himachal Pradesh Economic Survey 2022-23 in Hindi/ English

Himachal Pradesh Economic Survey 2022-23 in Hindi/ English

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Economic survey is a key document of economic affairs of any State. Economy witnessed a “V” shape recovery after COVID-19. Gross Domestic Product (GDP) of India at constant (2011-12) prices or real GDP for the Financial year (FY)2022-23 is estimated at ₹157.60 lakh crore as against ₹147.35 lakh crore in FY2021-22 with a growth rate of 7.0 per cent.

There was a contraction of 6.6 per cent in the GDP at national level, whereas State had a contraction of 3.0 per cent in the growth rate of Gross State Domestic Product (GSDP) in the FY2020-21.

The Gross Value Added (GVA) at constant basic prices witnessed a highest contraction of 20.2 per cent in trade, hotels and transport sector during the FY2020-21, followed by mining and quarrying and construction sector.

Agriculture and allied sectors were the least impacted by the pandemic and have registered growth rate of 3.3 per cent in FY2020-21, 3.0 per cent in FY2021-22 and is expected to grow by 3.5 per cent in 2022-23 Advance Estimates (AE).

Wholesale inflation, based on Wholesale Price Index (WPI) for food articles, remained as low as 1.7 per cent, for minerals it was 17.6 per cent, for all commodities it was 12.5 per cent during FY2021-22, whereas it is estimated for food articles to be 9.6 per cent, for minerals 6.7 and for all commodities it is estimated to be 12.3 per cent for FY2022-23 (data available up to December, 2022).