Published On:01 November 2011
Posted by Indian Muslim Observer

Madhya Pradesh achieves XIth Five Year Plan’s targetted growth two years ahead

10 pc growth likely against target of 7.6 pc by XIth Plan end, three-fold development likely compared to IXth Plan

By Pervez Bari

Bhopal: The central Indian state of Madhya Pradesh has already achieved the targeted growth on annual basis of more than 9 per cent in last three years at constant prices (base 2004-05) and is expected that during XIth Five Year Plan period the state’s annual GSDP growth shall be 10.06 per cent as against the target of 7.6 per cent per annum at constant prices by close of the concluding year of the Plan in 2012. The experts opine that the annual GSDP growth rate of the state in the last year of the XIth plan would exceed even projected 10.06 per cent.

Against the proposed outlay of Rs. 70 thousand 239 crore in the XIth Five Year Plan at 2006-07 prices, the state has reached the level of Rs. 86 thousand 187 crore at current prices in Plan period.

Sector wise GSDP has also witnessed remarkable level of growth during the first four years of the XIth Plan period till 2010-11. Primary sector has grown by 9.38 per cent, secondary sector by 11.25 per cent and tertiary sector by 9.99 per cent at constant prices, respectively. The secondary sector growth of 11.25 per cent per annum as compared to 6.68 per cent per annum during the Xth Plan period is a result of the investor friendly policies of the state government.

Madhya Pradesh aims at achieving a double digit growth rate of 12 per cent in the XIIth Plan by effective utilization of resources, efficient implementation of programmes and ensuring delivery of quick and quality services to the people.

During IXth Five Year Plan (1997-98 to 2001-02) the growth rate of primary sector (agriculture including animal husbandry, forestry and logging, fishing) was -2.56 per cent, which rose to 7.40 per cent during Xth Five Year Plan (2002-03 to 2006-07). During the XIth Five Year Plan the growth rate of this sector is projected to be 9.29 per cent.
The secondary sector (mining and quarrying, manufacturing, construction, electricity, gas and water supply) grew by 7.81 per cent during the IXth Plan, which rose to 8.04 per cent during the Xth Plan. By the end of the XIth Plan it is projected to be 10.99 per cent.

The tertiary sector (railways, transport by other means and storage, communication, trade, hotels and restaurants, banking and insurance, public administration and other services) grew by 4.47 during the IXth Plan that rose to 5.30 per cent. It is projected to be 9.85 per cent during the XIth Plan period. Thus, the annual growth rate in the last year of the XIth Plan is estimated at 10.05 per cent.

According to the experts, the annual growth rate projection for the XIth Plan is based on last three years’ average, but, it would far exceed the projection. Reasons? The state registered 23 per cent more rainfall. Region wise and month wise distribution of rains has also been very good. Besides, there is no drought situation. Rice mills, oil mills, cotton mills and sugar based industries are dependent on agriculture. A good farm output would lead to their higher production.

Last year frost and cold wave caused widespread damage to arhar, gram, linseed crops and early variety wheat crop also suffered some damage, whereas the area under these crops had increased. The area under arhar crop had increased by 48 per cent, but its production went down by 36 per cent. Similarly, gram area increased by 3 per cent, but its production fell by 16 per cent. The area under linseed rose by 16 per cent whereas its production decreased by 13 per cent. In year 2009-10, the state received 33 per cent and in year 2010-11 26 deficient rainfall respectively.

Per Capita Income also Increased

The per capita income of Madhya Pradesh at constant prices had increased at the rate of 4.83 per annum and 7.93 per cent per annum at constant and current prices, respectively during the Xth plan period. During the XIth plan from 2006-07 to 2008-09 per capita income grew at the rate of 8.44 per cent and 17.06 per cent per annum at constant and current prices respectively. These growth rates show that state is performing better than Xth plan period.

The per capita income of Madhya Pradesh was Rs. 17,000 in 2007-08 which increased to Rs. 22,460 in the year 2010-11 registering a growth of 27.81 per cent while at the national level, it increased from Rs. 30,345 to Rs. 35,917 during the same period at 2004-05 constant prices, the growth being 18.33 per cent.

[Pervez Bari is a Journalist based at Bhopal, Madhya Pradesh. He is associated with IndianMuslimObserver.com as Bureau Chief (Madhya Pradesh). He can be contacted at pervezbari@eth.net]

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Posted by Indian Muslim Observer on November 01, 2011. Filed under , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

By Indian Muslim Observer on November 01, 2011. Filed under , . Follow any responses to the RSS 2.0. Leave a response

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