Latest news with #DirectorateofEconomicsandStatistics
Indian Express
29-05-2025
- Business
- Indian Express
Significant increase in output of UP's livestock, fisheries & forestry sectors: District Domestic Product report
The output of the livestock, fisheries, and forestry sectors in Uttar Pradesh witnessed a significant increase, the District Domestic Product (DDP) Estimates report for the financial year 2023-24 has claimed. The state Directorate of Economics and Statistics and the Planning Department, which released the report, said it indicated strengthening of the traditional rural economy and expansion in the means of livelihood. According to the report, the State's Gross Domestic Product (GSDP) stood at Rs 25.63 lakh crore in the financial year, with the livestock sector contributing Rs 1.67 lakh crore, accounting for 7.1% of the Gross State Value Added (GSVA), the government said. The forestry sector contributed Rs 25,859 crore during the period, reflecting a 3.9% growth compared to the previous year. The fisheries sub-sector witnessed an increase of 34.1%, contributing Rs 19,071 crore. In the livestock sector, the five districts making the highest contribution to the GSVA are Bulandshahar, Meerut, Aligarh, Agra and Saharanpur. The districts witnessing the highest growth in GVA for this sub-sector include Mahoba (42.1%), Jhansi (41.1%), Ambedkar Nagar (36.2%), Ayodhya (34.1%) and Lalitpur (34.1%), the report added. Among the major livestock products, milk holds the largest share, contributing 83.3% to the livestock sector GVA, the report further claimed. Uttar Pradesh remains the leading state in milk production, achieving a total of 388 lakh metric tonnes in 2023-24, marking a 7% increase from the previous year, it said. The state accounts for 16.2% of national milk production. The state's contribution in national egg production increased from 3.29% in 2022-23 to 4.15% in 2023-24, showing a growth of 29.9% against 12.8% the previous year. The top five districts in milk production in 2023-24 were Bulandshahar, Meerut, Agra, Aligarh and Azamgarh. In the fisheries sector, fish production increased to 11.56 lakh metric tonne (MT) in 2023-24, registering a growth of 26.4%. The state contributed 8.3% to the total inland fish production in the country. The sector contributed Rs 19,071 crore in the Gross State Value Added. The top five districts in inland fish production were Gorakhpur, Bahraich, Hardoi, Etah and Mahoba. The forestry sector remained a key contributor to the state's economy, with its GVA standing at Rs 25,859 crore for 2023-24. The top five districts in terms of highest forestry GVA contribution were Lakhimpur Kheri (Rs 1,255 crore), Sonbhadra (Rs 1,115 crore), Saharanpur (Rs 827 crore), and Pilibhit (Rs 815 crore). They collectively accounted for 20% of the state's total forestry GVA. Also, the districts showing the highest growth in forestry GVA were Kanpur Nagar (14.1%), Sant Kabir Nagar (12.4%), Moradabad (11.2%), Ghazipur (10.9%), and Hathras (10.1%), the report said.
The Hindu
21-05-2025
- Politics
- The Hindu
75th anniversary of National Sample Survey celebrated in Krishnankoil
National Statistics Office (NSO) Sub-Regional Office at Virudhunagar installed a bilingual standee at Krishnankoil Bus Stop on Wednesday to commemorate the 75th anniversary of National Sample Survey. The standee was inaugurated by Deputy Director, Directorate of Economics and Statistics (DES), G. Sundari in the presence of Assistant Director of NSO, Virudhunagar, V. Rethinam, and Assistant Director of Agriculture G. Dhanalakshmi. Besides the staff of NSO, students and members of the general public also took part in the event. The standee would display 17 sustainable development goals formulated by the United Nations. The theme for the 75th anniversary celebration is 'From the Glorious Past to the Promising Future of Viksit Bharat.' The Assistant Director sought cooperation from the local officials and members of general public for the smooth conduct of NSS surveys.
Indian Express
30-04-2025
- Business
- Indian Express
At 6.2%, Delhi records slowest economic growth since 2021-22
Delhi's economic growth slowed down in financial year (FY) 2024-25, with real Gross Domestic Product (GDP) growing by 6.2%, as compared to 9.16% in the previous year, the government's most recent estimates showed. This was the slowest growth recorded by the city since FY 2021-22. The data is part of the Estimates of State Domestic Product 2024-25 released by the Directorate of Economics and Statistics recently. This data is significant since the state Economic Survey, which provides insights into the Capital's financial health and is presented before the Budget, was not released this year. The GDP, the total monetary value of all goods and services produced over a year, serves as a key indicator of the region's economic performance and growth. Advanced estimates are released before the end of a financial year. It is the government's forecast of how the economy will perform based on data gathered up to that period. 'Post-pandemic years saw higher growth because of the base effect… there was very low growth during the Covid-19 pandemic. Now that the base effect is waning, we are seeing growth moderating. Due to inflation inching very high, people are also spending less on discretionary items,' said Paras Jasrai, Associate Director of India Ratings. Delhi 's slowdown is in line with the slowdown India witnessed in the same period — India's growth rate also decelerated from 9.2% to 6.5% in a year. The size of Delhi's economy grew to Rs 7.11 lakh crore last year from Rs 6.69 lakh crore in the previous year. Delhi's per capita income is Rs 4.93 lakh, which grew at 7.32% last year, much slower than the 10.11% it grew at the year before that. In 2011-12, Delhi's per capita income was almost thrice the national average. However, over time, this gap has narrowed with the national average growing at a faster pace. Delhi's per capita income is now around two-and-a-half times higher than India's national average of Rs 2.05 lakh. The deceleration of the growth is primarily driven by the secondary and tertiary sector, the report showed. The tertiary sector, which includes services such as transport, banking, hospitality, and tourism, among others, and contributes close to 85% of Delhi's economy, grew only at 6.5%, as compared to 8.8% the year before that. This sector's growth slowed down the previous year as well, from a high of 10.27% in 2022-23. Within the tertiary sector – transport, storage and communications, and services incidental to transport – have fared particularly badly last year, with their growth rates halving. Growth rate of real estate, ownership of dwellings and professional services, which contributes roughly 30% to Delhi's economy alone, has fallen from 13.3% to 6.2% in the past three financial years. 'After the pandemic, we saw many people buying houses as there was pent up demand. Now, we are seeing overall house sales growth moderating,' Jasrai said. The secondary sector (primarily manufacturing and construction), which contributes roughly 13% to the economy, also witnessed a slowdown from 9.68% in FY 2023-24 to 5.32% in FY 2024-25. Electricity, gas, water supply and other utility services were the segment hit the hardest in the secondary sector, the report showed.
