Himachal witnesses 9.3 percent growth

Shimla, March 3 (IANS) The Himachal Pradesh economy is growing at a healthy rate of 9.3 percent, as compared to last year's growth rate of 8.5 percent, says the latest state economic survey report.

"The growth rate of 9.3 percent is higher than the national growth rate of 9.2 percent," said Chief Minister Virbhadra Singh, who also holds the finance portfolio.

The report was tabled in the state assembly Friday.

Singh said the per capita income for the current financial year in the state is Rs.36,783, which is 26 percent higher than the national level. In the last fiscal year it was Rs.33,805.

The gross state domestic product (GSDP) on current prices is likely to be Rs.282.98 billion as compared to Rs.254.35 billion last year and Rs.230.24 billion two years ago, Singh added.

The economic survey says the primary sectors, including agriculture and allied services, also witnessed a growth rate of 2.6 percent.

"The secondary sectors, including manufacturing, construction and electricity, gas and water supply too registered a growth rate of 14.1 percent, which is again higher than the national level," the report finds.

Referring to inflation management, the chief minister said the consumer price index for the state had gone up by five percent during April and November last year as against 5.3 percent at the national level.