State growth pegged at 6.8%, slightly behind India’s 7%

Dy CM Fadnavis presents survey a day before the

Assembly on Wednesday, a day ahead of the state Budget.

Agriculture and allied activities sector will grow by 10.2% in 2022-23, it said.

LANKA PRESIDENT

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Colombo: Sri Lankan

President Ranil Wickremesinghe on Wednesday lauded 3women leaders, including Finance Minister Nirmala Sitharaman, for providing much-needed assistance to the debt-ridden island nation during ongoing economic crisis.

Himmatnagar: Gujarat IAS officer Nitin Sangwan was allegedly held hostage and thrashed by a group of men associated with fishing activity during his visit to a village near the Dharoi dam in Sabarkantha district, said police on Wednesday.

First India Bureau Mumbai: Maharashtra’s economy is expected to grow by 6.8% against India’s projected 7% growth in the outgoing fiscal, the state’s annual Economic Survey Deputy Chief Minister Devendra Fadnavis who also holds the finance portfolio tabled the survey report for 2022-23 in the

The industrial sector is expected to grow by 6.1% and services sector by 6.4%.

The figures mostly showed decline compared to 2021-22, when the overall growth of the state economy was 9.1%, agriculture and allied sector growth stood at 11.4%, industrial growth at 3.8% and services sec-

Agriculture and allied activities will grow by 10.2% in 202223, while the industrial sector is expected to grow 6.1% tor growth was 10.6%.

As per advanced estimates, the nominal (at current prices) gross state domestic product (GSDP) for 2022-23 is ex- pected to be Rs35,27,084 crore, the survey said.

The real (at constant 2011-12 prices), the GSDP is expected to be Rs21,65,558 crore.

The average share of Maharashtra in the allIndia nominal GDP was the highest among the states at 14%, the report said.

As per the advanced estimates, the per capita state income for 2022-23 is expected to be Rs2,42,247 against Rs2,15,233 in 2021-22.

Maharashtra stood fifth in terms of per cap- ita income in 2021-22 when Karnataka led the states with a per capita income of Rs2,78,786. The percentage of fiscal deficit to GSDP is 2.5 and that of debt stock to GSDP is 18.4.

Maharashtra received 119.8% of the normal rainfall during 2022, the report noted.

The Foreign Direct Investment inflow during April 2000 to September 2022 was Rs10,88,502 crore which was 28.5% of the total FDI inflow in the country, the report said.