ECONOMIC ENVIRONMENT
The State economy grew by 7.1 per cent during 1999-2000. In 1999-2000 the sectoral growth rates of State Income was 4.7 per cent in Primary Sector (agriculture and allied activities), 7.9 per cent in Secondary Sector (including Industries) and 7.5 per cent in Tertiary Sector. The preliminary estimates of the State Income (i.e. Net State Domestic Product) of Maharashtra at current prices as per (new series 1993-94) for the year 1998-99 was Rs.2,13,860 crore and the per capita income to be Rs. 23,849. At constant (1993-94)) prices, the State Income in 1998-99 was estimated at Rs. 1,45,420 crore as against Rs.132,342 crore in 1997-98. Thus, the State economy has registered a significant growth of 9.9 per cent in 1998-99 which is more than one and half times of 6.2 per cent growth in 1997-98.
Agricultural Production
The foodgrains production in the State was around 120.5 lakh tonnes in 1999-2000, less by 5.7 per cent than that in 1998-99. The cotton (Lint) production increased by 8.7 percent. The oilseeds production decreased by 5 percent and would be 24.4 lakh tonnes. The sugarcane production is expected to increase significantly by 18.3 per cent and would attain a new peak at 558 lakh tonnes.
Industrial Production
From the available indications for the first nine months of the current financial year 1999-2000, it is surmised that the industrial production (manufacturing)in the State during this period is expected to register an increase of about 6.9 per cent. The corresponding increase in the earlier year i.e. 1998-99 was 5.4 per cent.
Power Generation
During 1999-2000, upto February, 2000 the generation of electricity in the State was 57,427 million KWH which was 9.2 per cent higher than that in the corresponding period of 1998-99. During the current year 1999-2000, on 15th February, 2000 the peak demand of 11,367 MW was met with 1,082 MW load shedding. The total generation of electricity... [continues]
The State economy grew by 7.1 per cent during 1999-2000. In 1999-2000 the sectoral growth rates of State Income was 4.7 per cent in Primary Sector (agriculture and allied activities), 7.9 per cent in Secondary Sector (including Industries) and 7.5 per cent in Tertiary Sector. The preliminary estimates of the State Income (i.e. Net State Domestic Product) of Maharashtra at current prices as per (new series 1993-94) for the year 1998-99 was Rs.2,13,860 crore and the per capita income to be Rs. 23,849. At constant (1993-94)) prices, the State Income in 1998-99 was estimated at Rs. 1,45,420 crore as against Rs.132,342 crore in 1997-98. Thus, the State economy has registered a significant growth of 9.9 per cent in 1998-99 which is more than one and half times of 6.2 per cent growth in 1997-98.
Agricultural Production
The foodgrains production in the State was around 120.5 lakh tonnes in 1999-2000, less by 5.7 per cent than that in 1998-99. The cotton (Lint) production increased by 8.7 percent. The oilseeds production decreased by 5 percent and would be 24.4 lakh tonnes. The sugarcane production is expected to increase significantly by 18.3 per cent and would attain a new peak at 558 lakh tonnes.
Industrial Production
From the available indications for the first nine months of the current financial year 1999-2000, it is surmised that the industrial production (manufacturing)in the State during this period is expected to register an increase of about 6.9 per cent. The corresponding increase in the earlier year i.e. 1998-99 was 5.4 per cent.
Power Generation
During 1999-2000, upto February, 2000 the generation of electricity in the State was 57,427 million KWH which was 9.2 per cent higher than that in the corresponding period of 1998-99. During the current year 1999-2000, on 15th February, 2000 the peak demand of 11,367 MW was met with 1,082 MW load shedding. The total generation of electricity... [continues]
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