Uttar Pradesh: Advanced estimates project 4.4% GSDP growth in 2019-20

LUCKNOW: The UP government on Thursday released the Advance Estimates of state income at constant (2011-12) and current prices for the financial year 2019-20.
As per the advanced estimates, released by the Economics and Statistics Division of the State Planning Institute, the growth in gross state domestic product (GSDP) at constant (2011-12) prices is estimated to be 4.4%. It was 5.3% in 2018-19.
The advanced estimates data were uploaded by the Directorate of Economics & Statistics later released by the information department late on Thursday evening.
The estimated growth in agriculture and allied sector was pegged at 2.1% while it was 5.4% in 2018-19.
These activities form the primary sector in economic activities.
UP is a predominantly agriculture state with over 2.5 crore farmers and nearly 75% population living in rural areas depending largely on agricultural and allied activities.
Similarly, the growth in tertiary sector comprising mainly services is estimated at 7.5%, marginally down from 7.6% in 2018-19.
The per capita income grew at 5.9% at the current prices but in real terms it was 2.8%, indicate the figures released by the DES.
Economist Yashvir Tyagi, reacting to the government’s report on the state’s economic growth, said the decline in the GSDP and the primary sector makes the goal of taking the state’s economy to one trillion dollar-mark an uphill task.