Madhya Pradesh’s GSDP rises by 96 percent in seven years

Bhopal: Creditable achievements have been made in all sectors’ growth in Madhya Pradesh as a result of constant and committed efforts over last seven years. During the period, Madhya Pradesh’s Gross State Domestic Product (GSDP) has risen by 96 percent while a massive increase of 284 percent has been registered in per capita income. Most importantly, the state has made rapid progress in all three sectors – agriculture, industry and service.
Finance, Planning, Economics & Statistics Minister Shri Raghavji informed that at constant rates, Madhya Pradesh’s GSDP in base year 2004-05 stood at Rs. one lakh 12 thousand 926 crore 89 lakh. According to advance estimates of Madhya Pradesh Economics & Statistics Department, this has increased to Rs. two lakh 21 thousand 462 crore 86 lakh in year 2012-13. As per a quick estimate, it was Rs. 2 lakh one thousand 898 crore 87 lakh in year 2011-12.

At constant rates, the Net GSDP stood at Rs. 99 thousand 940 crore one lakh in year 2004-05 while (as per advance estimates), it has risen to Rs. one lakh 96 thousand 253 crore 48 lakh in year 2012-13. This increase also amounts to 96.37 percent.
The Planning Minister informed that spectacular success has been achieved in all three sectors of growth including agriculture, industry and service since year 2004-05. During the period under review, massive increase was registered in agriculture area and production. Total one crore 97 lakh 19 thousand 487 acre land was under agriculture during year 2004-05, which has increased to 2 crore 21 lakh 65 thousand 780 acres in year 2011-12. Similarly, agriculture production in the state stood at 2 crore 49 lakh 39 thousand 689 metric tonnes in year 2004-05, which has risen to 3 crore 2 lakh metric tonnes during year 2011-12.
Rapid expansion of irrigation resources played an important role in this unprecedented increase in agriculture production. Only 7 lakh hectare was under irrigation in year 2004-05, which has been increased to 21 lakh hectare in year 2011-12. Production of wheat, paddy, gram and mustard has specially increased. Madhya Pradesh has registered a record wheat production in year 2011-12. There are fair chances of the state making it to the top this year in this respect. In the state, 127 lakh metric tonnes of wheat was produced during year 2011-12.
Agriculture growth rate was 7.98 percent in year 2004-05. It rose to 18.91 percent during year 2011-12, which is highest in the country. Gross State Product at constant rates in primary sector (agriculture, animal husbandry, forestry, fish production) stood at Rs. 31 thousand 238 crore 30 lakh in 2004-05, which has increased to Rs. 53 thousand 503 crore 43 lakh during 2012-13 (Advance).
The secondary sector includes mineral production, industry, manufacturing, power, gas and water supply. GSDP in this sector was to the tune of Rs. 30 thousand 658 crore 6 lakh in year 2004-05. It has gone up to Rs. 61 thousand185 crore 30 lakh in 2012-13 (advance). Of these, mineral production has increased remarkably. Total mineral production was to the tune of Rs. 4 thousand 783 crore 71 in year 2004-05, which has increased to Rs. 10 thousand 659 crore 43 lakh in year 2011.
The tertiary sector includes transport, storage, communication, business, hotels & restaurant, banking & insurance, real estate and other services. In this sector the GSDP stood at Rs. 51 thousand 30 crore 51 lakh during year 2004-05. It has increased to Rs. one lakh 6 thousand 114 crore 13 lakh in year 2012-13 (advance), which is more than twice.
Per capita income
The per capita income in Madhya Pradesh (at current rates) has increased by 284 percent in year 2011-12 compared to year 2004-05. It stood at Rs. 15 thousand 442 in 2004-05. As per advance estimates, it has increased to Rs. 43 thousand 864 in year 2012-13.
The per capita income in Madhya Pradesh (at current rates) in year 2004-05 stood at Rs. 15 thousand 442, which increased to Rs. 16 thousand 631 in 2005-06, Rs. 19 thousand 028 in 2006-07, Rs. 20 thousand 935 in year 2007-08, Rs. 25 thousand 278 in 2008-09, Rs. 28 thousand 712 in 2009-10, Rs. 32 thousand 223 in 2010-11 and Rs. 37 thousand 994 in 2011-12. As per advance estimate for 2012, it will rise further to Rs. 43 thousand 854.