Uttarakhand 2020-21 GDP is projected to be Rs 2.93 lakh crore (US$39.34 billion), as per the budget presented by Uttarakhand CM on March 4, 2020. src: prsindia.org
which is 9.5% greater as compared to Uttarakhand 2019-20 GDP (as per the Ministry of Statistics and Programme Implementation) i.e, Rs 2.53 lakh crore (US$35 billion).
Which makes it one of the fastest-growing state in the country among the Hilly region; this growth performance is achieved by the collective effort of our all 3 sectors in which (Agriculture, Manufacturing & Tourism are large contributors)
But since 2019, covid-19 has hit hard not only on Uttarakhand Economy but its effect can be seen thought the world.
latest GDP stats:
|Year||GDP ( crore INR)||GDP per capita (INR)|
INTER state comparison of GDP
As per the value of GDP among the states of India — Uttarakhand stand at the 20th position ( with nominal GDP of $35billion).
Maharashtra has topped the list having $400 billion.
An amazing fact :
the top 5 states ( Maharashtra, Tamil Nadu, UP, Karnataka, Gujarat ) accounts for 46.6% of India’s total economy.
but another interesting fact is that these 5 states also account for nearly 40% of India’s population, with UP lone rider has a whopping 23Cr population in 2021.
Sectorwise GDP of Uttarakhand
The manufacturing sector is the maximum contributor to the GDP of Uttarakhand, followed by the Tertiary sector and Primary sector.
Agriculture is the most important sector of Uttarakhand growth, a Variety of crops are grown in Uttarakhand based on Altitudinal Zone and Climatic Zone. 86% of croplands are in plains, soybeans, wheat, pulses, Basmati rice, groundnuts, coarse cereals, and oilseeds are the most widely grown crop.
several initiatives have been taken both by the Central and State Government to promote: Organic Farming, Horticulture, Herb Development, Tea Cultivation, Sericulture in the hilly region.
|Primary Sector||% Share in the GDP|
|Forestry & Logging||1.39%|
|Fishing & aquaculture||0.03%|
|Mining & quarrying||1.46%|
Uttarakhand is abundant in natural resource, from minerals to herbs to Forest.
the state has attracted significant FDI and has various emerging industry namely – Biotechnology, Forest-Based Industry, Agro & Food Processing Industries, Horticulture and Horticulture Industries.
|Secondary Sector||% Share in the GDP|
|Electricity, gas, water supply & other utility services||3.45%|
Uttarakhand government has framed New industrial Policy to develop world Class Tourism industry, a special statutory board has been set up -> ” Uttarakhand Tourism Board”, to make Uttarakhand a potential investment hub.
development of IT park and ITES industry, high-speed internet connectivity helps the Tertiary sector to grow.
|Tertiary Sector||% Share in the GDP|
|Trade, repair, hotels & restaurants||15.75%|
|Transport, storage, communication & broadcasting services||6.54%|
|Real state, ownership of dwelling & professional services||5.28%|
UK Gdp & unemployment % latest NEWS
Uttarakhand becomes 1st state in the country to assign a monetary value, Gross Environment Product, to 4 of its critical natural resources – air, water, forest, & soil. An announcement was made on World Environment day ( 5th June), “breakthrough step by Uttarakhand”, said by – Rakesh Kumar (director of NEERI)
As per a Recent SBI report, covering the first lockdown period, states: “Uttarakhand Rural GDP has registered a loss of 79%“, amounting to Nearly $5billion, ie ( 14% of GDP )
As per unemploymentIndia.cmie, Unemployment in Uttarakhand once had rose to whopping 22.3%, in September 2020(highest of that time), though it is now stable with 3.1% in July 2021.
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