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Mizoram economy to grow at 8.46 pc

By The Assam Tribune

AIZAWL, March 23 � The economy of Mizoram was poised to grow at an impressive rate of 8.46 per cent during 2014-15 financial year with base year 2004-05 which was significantly higher than projected national growth at 7.4 per cent, according to the Mizoram Economic Survey 2014-15 presented in the State Assembly by Finance Minister Lalsawta.

The Economic Survey said that the provisional per capita income of Mizoram during 2012-2013 was Rs 63,413 as against previous year�s estimate of Rs 53,624. Per capita income at the national level was Rs 71,593 against the previous year�s estimate of Rs 64,316, the Survey said.

Services of Tertiary Sector continued to dominate the State economy in terms of contribution to the Gross State Domestic Product (GSDP) at 57.68 per cent of the total GSDP in 2013-14, the Economic Survey said.

�Services sector has been growth drivers of the economy of the State for the past years with contribution to the GSDP hovering between 57 per cent to 63 per cent,� the Survey said.

The Primary Sector comprising agriculture and allied activities contributed 16.26 per cent to the GSDP during the same period, the Survey said, adding that with the livelihood of about 60 per cent of the population depending on agriculture and allied activities, faster growth in agriculture was both necessary and condition for stronger, sustainable and inclusive growth in the State.

The industries sector contributed 26.05 per cent of GSDP during the same period with the main driving force of the sector being construction sector with a contribution of 21.91 per cent to the GSDP. � PTI

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— Dalai Lama(THIS IS STATIC)

Mizoram economy to grow at 8.46 pc

AIZAWL, March 23 � The economy of Mizoram was poised to grow at an impressive rate of 8.46 per cent during 2014-15 financial year with base year 2004-05 which was significantly higher than projected national growth at 7.4 per cent, according to the Mizoram Economic Survey 2014-15 presented in the State Assembly by Finance Minister Lalsawta.

The Economic Survey said that the provisional per capita income of Mizoram during 2012-2013 was Rs 63,413 as against previous year�s estimate of Rs 53,624. Per capita income at the national level was Rs 71,593 against the previous year�s estimate of Rs 64,316, the Survey said.

Services of Tertiary Sector continued to dominate the State economy in terms of contribution to the Gross State Domestic Product (GSDP) at 57.68 per cent of the total GSDP in 2013-14, the Economic Survey said.

�Services sector has been growth drivers of the economy of the State for the past years with contribution to the GSDP hovering between 57 per cent to 63 per cent,� the Survey said.

The Primary Sector comprising agriculture and allied activities contributed 16.26 per cent to the GSDP during the same period, the Survey said, adding that with the livelihood of about 60 per cent of the population depending on agriculture and allied activities, faster growth in agriculture was both necessary and condition for stronger, sustainable and inclusive growth in the State.

The industries sector contributed 26.05 per cent of GSDP during the same period with the main driving force of the sector being construction sector with a contribution of 21.91 per cent to the GSDP. � PTI

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— Dalai Lama(THIS IS STATIC)