Maharashtra GSDP is expected to grow at 8.7% in 2013-14: Media
Report
04/06/2014 16:03
Maharashtra’s Gross State Domestic Product (GSDP) is estimated to have grown at 8.7 per cent in 2013-14 with agriculture showing remarkable turnaround, reported PTI. The Agriculture and allied activities sector in Maharashtra is expected to show a grow of 4 per cent. During 2012-13, its growth rate was -1.0 per cent, as per the media report . Moreover, the growth in Industry sector in 2013-14 is seen at 8.8 per cent and that of the services sector, at 9.3 per cent. The tentative estimates of 2013-14 indicate increase in production of foodgrains, oil seeds and cotton by 38 per cent, 5 per cent and 11 per cent respectively over the previous financial year. "It is mainly due to satisfactory rainfall received during the sowing period and vegetative growth stage of Kharif crops in all parts of the state," as per the state Economic Survey tabled in the Legislature. By the end of June 2012, the total irrigation potential created was 49.26 lakh hectare of which 27.19 lakh hectare was from major irrigation projects, 8.67 lakh hectare was from medium irrigation projects and remaining 13.40 lakh hectare was from minor irrigation projects, as per the media reports.
04/06/2014 16:03
Maharashtra’s Gross State Domestic Product (GSDP) is estimated to have grown at 8.7 per cent in 2013-14 with agriculture showing remarkable turnaround, reported PTI. The Agriculture and allied activities sector in Maharashtra is expected to show a grow of 4 per cent. During 2012-13, its growth rate was -1.0 per cent, as per the media report . Moreover, the growth in Industry sector in 2013-14 is seen at 8.8 per cent and that of the services sector, at 9.3 per cent. The tentative estimates of 2013-14 indicate increase in production of foodgrains, oil seeds and cotton by 38 per cent, 5 per cent and 11 per cent respectively over the previous financial year. "It is mainly due to satisfactory rainfall received during the sowing period and vegetative growth stage of Kharif crops in all parts of the state," as per the state Economic Survey tabled in the Legislature. By the end of June 2012, the total irrigation potential created was 49.26 lakh hectare of which 27.19 lakh hectare was from major irrigation projects, 8.67 lakh hectare was from medium irrigation projects and remaining 13.40 lakh hectare was from minor irrigation projects, as per the media reports.
