This era noticed lockdowns and varied restrictions being imposed on account of the pandemic.
The ‘State Finances Audit Report of the CAG for the yr ended March 31, 2021′ was tabled within the Gujarat Assembly on Thursday, the final day of the month-long Funds session.
Gujarat’s GSDP “grew at the next fee throughout the interval 2016-17 to 2020-21 in comparison with the nationwide progress fee,” the report stated.
However throughout 2020-21, “the State registered its lowest progress fee in 5 years whereas the Nation registered a damaging progress fee,” it added.
The state’s financial system registered a progress fee of 0.57 per cent in 2020-21 over the earlier yr.
The GSDP progress fee was 13.43 per cent in 2016-17, 13.87 per cent in 2017-18, 13.08 per cent in 2018-19 and 9.75 per cent in 2019-20.
In opposition to 0.57 per cent progress fee of Gujarat in FY 20-21, the nation’s GDP registered a damaging progress of -2.97 per cent in the identical interval.
GSDP is the worth of all the products and companies produced inside the boundaries of a State in a given interval.
Progress of GSDP is a crucial indicator of a State’s financial system, because it denotes the extent of adjustments within the stage of financial improvement of the State over a interval, the CAG famous.
“GSDP of Gujarat in 2020-21 at present costs was Rs 16,58,865 crore. The per capita GSDP of the State at Rs 2,35,969 throughout 2020-21 was greater than all India common of Rs 1,45,680 throughout the identical interval,” stated the CAG, noting that Gujarat is the ninth most populous state in India.
The state’s inhabitants elevated from 6.10 crore in 2011 to 7.03 crore in 2021, recording a progress of 15.25 per cent, the CAG famous.
The sectoral contribution knowledge confirmed that there was a lower within the relative share of trade in GSDP, from 39.72 per cent in 2015-16 to 38.44 per cent in 2019-20, stated the CAG, including that lower was seen in Agriculture and Providers sectors too.
The relative share of “taxes on merchandise minus subsidies” elevated throughout the identical interval, the CAG famous.
