>Ksh.andronexus at 05:13, 10 August 2021

2021-08-10T05:13:12Z

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{{Use dmy dates|date=March 2021}}
{{Use Indian English|date=March 2021}}
{{short description|Overview of the economy of Uttarakhand}}

{{Infobox economy
| country = Uttarakhand<br> [[File:Seal of Uttarakhand.svg|75px]]<br>[[File:Uttarakhand stub.svg|150px]]
| image =
| image_size =
| captionstep=
| Z = {{INRConvert|2.93|lc}} (2020-21 est.)<ref name="Budget Analysis"/>
| gdp rank = [[List of Indian states 1qand union territories by aGDP|19th]]
| growth = 6.9% (2018-19 est.)<ref name="Budget Analysis"/>
| per capita = {{INRConvert|220257}} (2018-19)<ref>{{cite web|url=https://m.statisticstimes.com/economy/india/indian-states-gdp-per-capita.php}}</ref>
| per capita rank = [[List of Indian states and union territories by GDP per capita|6]]
| sectors = Agriculture 10% <br /> Industry 52% <br /> Services 38% (2019-20)<ref name="Budget Analysis"/>
| components =
| inflation =
| poverty =
| gini =
| hdi =
| labor =
| occupations =
| unemployment = {{steady}} 1.5% (Nov 2020)<ref>{{cite web|title=Unemployment Rate in India |url=https://unemploymentinindia.cmie.com/ |publisher=Centre for Monitoring Indian Economy |access-date=3 November 2020}}</ref>
| average gross salary =
| gross median =
| average net salary =
| net median =
| industries =
| exports =
| export-goods =
| export-partners =
| imports =
| import-goods =
| import-partners =
| FDI =
| current account =
| gross external debt =
| balance = {{INRConvert|-7550|c}} (2.57% of GSDP) (2020-21 est.)
| debt = 24.4% of GSDP (2020-21 est.)<ref name="Budget Analysis"/>
| revenue = {{INRConvert|42474|c|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis"/>
| expenses = {{INRConvert|53527|c|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis">{{cite web |title=Uttarakhand Budget Analysis 2020-21 |url=https://www.prsindia.org/parliamenttrack/budgets/uttarakhand-budget-analysis-2020-21 |website= PRS Legislative Research |access-date= 19 March 2020}}</ref>
| aid =
| credit =
| spelling = Oxford
| presentUS$asdefault = no
}}
[[File:Vannage du riz, Uttarakhand, India.jpg|thumb|alt=Rice winnowing|A lady winnowing rice, an important food crop in Uttarakhand.]]
[[Uttarakhand]]'s gross state domestic product for 2004 is estimated at $6 billion in current prices. Born out of partition of [[Uttar Pradesh]], the new state of Uttarakhand produces about 8% of the output of the old Uttar Pradesh state.

The Uttarakhand state is the second fastest growing state in India.<ref>{{cite web|url=http://indianexpress.com/article/business/business-others/madhya-pradesh-now-fastest-growing-state-uttarakhand-pips-bihar-to-reach-second/|title=Madhya Pradesh now fastest growing state, Uttarakhand pips Bihar to reach second|date=8 September 2014|work=The Indian Express|access-date=6 May 2015}}</ref> Its gross state domestic product (GSDP) (at constant prices) more than doubled from {{INR}}24,786 crore in FY 2005 to {{INR}}60,898 crore in FY2012. The real GSDP grew at 13.7% (CAGR) during the FY 2005–FY2012 period. The contribution of the service sector to the GSDP of Uttarakhand was just oveqtttr 50% during FY 2012. Per capita income in Uttarakhand is {{INR}}1,03,000 (FY 2013) which is higher than the national average of {{INR}}74,920 (FY2013).<ref>{{cite web|url=http://indiatoday.intoday.in/story/uttarakhand-macro-economy-economics-and-statistics-department/1/398361.html|title=Uttarakhand's per capita income up : State of the States - India Today|access-date=6 May 2015}}</ref><ref>{{cite web|url=http://business-standard.com/article/economy-policy/uttarakhand-per-capita-income-rises-to-rs-1-03-lakh-114071101356_1.html|title=Uttarakhand per capita income rises to Rs 1.03 lakh|author=Shishir Prashant|date=11 July 2014|access-date=6 May 2015}}</ref> According to the [[Reserve Bank of India]], the total foreign direct investment in the state from April 2000 to October 2009 amounted to US$46.7 million.<ref>{{cite web|title=Uttarakhand|url=http://www.ibef.org/download/Uttarakhand_060710.pdf|publisher=India Brand Equity Foundation|access-date=17 July 2012}}</ref>

Like most of India, agriculture is one of the most significant sectors of the economy of Uttarakhand. [[Basmati]] rice, wheat, soybeans, groundnuts, coarse cereals, pulses, and [[oil seeds]] are the most widely grown crops. Fruits like apples, oranges, pears, peaches, litchis, and plums are widely grown and important to the large [[food processing]] industry. Agricultural export zones have been set up in the state for leechi, horticulture, herbs, medicinal plants, and basmati rice. During 2010, wheat production was 831 thousand tonnes and rice production was 610 thousand tonnes, while the main cash crop of the state, sugarcane, had a production of 5058 thousand tonnes. As 86% of the state consists of hills, the yield per hectare is not very high. 86% of all croplands are in the plains while the remaining is from the hills.<ref name="phd">{{cite web|title=Uttarakhand: The State Profile |url=http://www.phdcci.in/admin/userfiles/file/Research-Bureau/Uttarakhand.pdf |publisher=PHD Chamber of Commerce and Industry |access-date=17 July 2012 |url-status=dead |archive-url=https://web.archive.org/web/20121021054815/http://www.phdcci.in/admin/userfiles/file/Research-Bureau/Uttarakhand.pdf |archive-date=21 October 2012 }}</ref>

Other key industries include tourism and hydropower, and there is prospective development in IT, ITES, biotechnology, pharmaceuticals and automobile industries. The service sector of Uttarakhand mainly includes tourism, information technology, higher education, and banking.<ref name="phd"/>

During 2005–2006, the state successfully developed three Integrated Industrial Estates (IIEs) at [[Haridwar]], [[Pantnagar]], and [[Sitarganj]]; Pharma City at Selaqui; Information Technology Park at Sahastradhara ([[Dehradun]]); and a growth centre at Siggadi ([[Kotdwar]]). Also in 2006, 20 industrial sectors in public private partnership mode were developed in the state.<ref name=ppp>{{cite web|title=Uttaranchal|url=http://www.pppinindia.com/infrastructure-uttaranchal.php|publisher=Government of India|access-date=29 July 2012|url-status=dead|archive-url=https://web.archive.org/web/20111103053153/http://pppinindia.com/infrastructure-uttaranchal.php|archive-date=3 November 2011|df=dmy-all}}</ref>

== Uttarakhand Budget 2016-17: Main highlights ==
Uttarakhand Finance Minister [[Indira Hridayesh]] presented Uttarakhand Budget 2016-17 (UK Budget 2016-17)<ref>{{cite web|url=http://budget.uk.gov.in/files/budget%202016-17/5-higlight_eng.pdf |title=Budget 2016-17 At a Glance |publisher=Department of Budget, Government Of Uttarakhand |access-date=13 February 2019}}</ref><ref>{{cite web|url=http://northgazette.com/news/2016/03/11/uttarakhand-budget-2016-17-uk-budget-2016-17-main-highlights/ |title=Uttarakhand Budget 2016-17 (UK Budget 2016-17): Main highlights |work=North Gazette |url-status=dead |archive-url=https://web.archive.org/web/20170517081051/http://northgazette.com/news/2016/03/11/uttarakhand-budget-2016-17-uk-budget-2016-17-main-highlights/ |archive-date=17 May 2017}}</ref>

Receipts
* Total revenue receipts of 2016–17 is estimated to be {{INR}}32,275.87 crore.
* Total receipts in financial year 2016–17 estimated to be {{INR}}39,912.00 crore.

Expenditure
* Total expenditure in financial year 2016–17 estimated to be {{INR}}40,422.20 crore.
* Total expenditure in financial year 2016–17 estimated to be {{INR}}32,250.39 crore in revenue account and {{INR}}8,171.81 crore capital account.
*{{INR}}11,015.62 crore provision is made towards expenditures on salaries and allowances of the employees, considering the recommendation of the [[7th Central Pay Commission (CPC) and Defence Forces|Seventh pay commission]].
* Plan expenditure is estimated to be {{INR}}15,931.60 crore approximately.

Deficit
* Total fiscal deficit for year 2016–17 {{INR}}510.20 crore.

== See also ==
* [[Economy of India]]
* [[Economy of Madhya Pradesh]]
* [[Economy of Bihar]]
* [[Economy of Uttar Pradesh]]

==References==
{{reflist}}

{{Uttarakhand}}

[[Category:Economy of Uttarakhand| ]]

Economy of Uttarakhand - Revision history

>Ksh.andronexus at 05:13, 10 August 2021