Maharashtra GDP to grow at 7.1 per cent in 2012-13: Survey
Mumbai, Mar 19 : The Economic Survey of Maharashtra for the year 2012-13 stated that the gross domestic product (GDP) was steady and indicated that it is expected to grow at 7.1 per cent as the agriculture and allied activities sectors are likely to see negative growth.
While, the industry and services sectors are expected to grow at 7 per cent and 8.5 per cent, respectively.
According to India Human Development Report 2011, the state ranked fifth in the country preceded by Kerala, Delhi, Goa and Punjab.
The Survey further stated that the revenue receipts of the state government were expected to be Rs 1,36,712 crore during 2012-13, as against Rs 1,25,313 crore during previous fiscal year.
It said during 2012, the state received 90.3 per cent of the normal rainfall and out of 355 talukas, 30 received excess rainfall while 189 normal and 136 deficient rainfall.
Consequently, the agriculture sector is expected to grow at minus 1.4 per cent restraining the growth of agrciculture and allied activities sector at minus 2.1 per cent.
As a result, production of foodgrains in 2012-13 is expected to decrease by 18 per cent with a total production of 104.39 lakh tonnes as against 127.30 lakh tonnes during previous year.
Production of oilseeds and cotton (lint) are expected to increase by 15 per cent and 2 per cent, respectivley.