August, 2018-State Income Estimate is aggregate money value of goods and services produced within the geographical boundary of an economic-region of the state counted without duplication, during a specific period of time usually a year.
These are initially estimated for a Base Year (with respect to which growth/ development is reflected) and subsequently for forthcoming/ following years. Basically four estimates are prepared:
- Gross State Domestic Product at Current Prices (Size of the Economy)
- Gross State Domestic Product at Constant Prices (Growth Rate of Economy)
- Net State Domestic Product at Current Prices (Per Capita Income)
- Net State Domestic Product at Constant Prices
However, two more estimates/ indicators are derived from the above estimates.
- Per Capita Income of the State – NSDP at Current Prices divided by the current
population of the state.
- Growth Rate of the State – Percentage Change in GSDP (Calculated at
Constant Prices i.e. Base-year Prices) of Current Year with respect to the Previous Year (This reflects the growth in actual production i.e. eliminating the effect of prices)
Directorate of Economics & Statistics (DES), Department of Planning is entrusted with the responsibility of preparing the state level estimates.DES releases the First Advance Estimates of year 2017-18 on 15thFebruary, 2018. Directorate has now again reconciled the estimates after discussions with officers of National Account Division, Central Statistics Office (CSO), MoSPI, Govt. of India, New Delhi. DES also incorporated latest estimates received from various sources, latest survey results, data provided agriculture department & other line departments, Budget analysis, data of departmental & non-departmental enterprises as well as of private sector estimates derived through different data analysis.
Actual Estimates of year 2015-16, Revised Estimates for the year 2016-17 &the Provisional(Second Revised) Estimates ofthe year 2017-18 are being released. Salient Features of the estimates are as follows:
- Estimates at Current Prices
Advance Estimates of GSDP at current prices in the year 2017-18 is provisionally estimated as ₹ 214033crore(Size of the Economy), showing a growth rate of 11.54 percent over the estimates of GSDP for the year 2016-17 which is ₹ 191886 crore revised Estimates. Advance Estimates of NSDP at current prices in the year 2017-18 is provisionally estimated as ₹ 191480 crore, showing a growth rate of 11.75 percent over the estimates of NSDP for the year 2016-17 which is ₹ 171342 crore revised Estimates.
According to the data released on 31 May, 2018 by the Central Statistical Office, MoSPI, GoI, the provisional Growth Rate at current prices for the year 2017-18& 2016-17 are estimated respectively as10.0% & 10.8% over the previous year.
- Estimates at Constant Prices
Advance Estimates of GSDP at constant prices in the year 2017-18 is provisionally estimated as ₹ 172849 crore, showing a growth rate of 6.79 percent over the revised estimates of GSDP of year 2016-17 which is ₹ 161865 crore.
According to the data released on 31 May, 2018 by the Central Statistical Office, MoSPI, GoI, the provisional Growth Rate at constant prices for the year 2017-18 & 2016-17 are estimated respectively as 6.7%& 7.1% over the previous year.
Per Capita State Income
Per Capita Income of the state calculated over NSDP at current prices is estimated for the year 2017-18 (Provisional Estimates) and 2016-17 (Revised Estimates) is ₹ 1,73,820 and ₹ 1,57,643 respectively.
Comparative Statistics of All India and Uttarakhand
Base Year (2011-12)
Base Year (2011-12)
|Economic Growth Rate (in %)||8.0||7.1||6.7||8.08||6.00||6.79|
|Per Capita Income (in Rs)||94,731||1,03,870||1,12,835||1,47,592||1,57,643||1,73,820|