Over the past 24 years, Uttarakhand has witnessed remarkable economic growth. The state’s economy has expanded 24 times, and per capita income has increased by 17 times during this period. This growth not only highlights Uttarakhand's prosperity but also sheds light on the policies and initiatives that fueled this transformation. Let’s delve into Uttarakhand’s inspiring economic journey.
Economic Growth Statistics
| Year | GSDP (in crore INR) | Per Capita Income (INR) | Budget (in crore INR) | Tourism Contribution (%) |
|---|---|---|---|---|
| 2000 | 14,501 | 15,285 | 4,500 | 37 |
| 2023-24 | 3,46,000 | 2,60,000 | 94,000 | 43.7 |
Key Highlights of Growth
- Economic Strength: Uttarakhand's GSDP growth reflects the robustness of its economy. According to government data, the state's economy continues to improve steadily.
- Tourism Contribution: The tourism sector has played a pivotal role in GSDP growth. Its share in the economy has increased from 37% to 43.7% over the years, underscoring its vital role in driving economic progress.
- Per Capita Income: In 2000, the per capita income was INR 15,285, which has now soared to INR 2,60,000. Over the past two years, it has grown by 26%, demonstrating a steady rise in individual earnings.
- Budget Expansion: Uttarakhand's budget has expanded significantly, from INR 4,500 crore in 2000 to INR 94,000 crore for 2024-25, including INR 89,230.07 crore in the main budget and INR 5,013.05 crore in supplementary allocations.
[Read More: Contributions of Other Sectors to Uttarakhand’s Economy]
Connection with Sustainable Development Goals (SDGs)
- SDG 1: No Poverty: Economic growth creates employment opportunities, reducing poverty.
- SDG 3: Good Health and Well-being: Enhanced economic performance leads to improved healthcare services, boosting the quality of life.
- SDG 5: Gender Equality: Economic development provides equal opportunities across all communities, fostering gender equality.
Uttarakhand’s 24-year economic journey underscores the importance of implementing the right policies and strategies for sustainable growth. The state’s expanding economy, rising per capita income, and the pivotal role of the tourism sector point toward a promising future. To continue this progress, we must align efforts with sustainable development goals and ensure inclusive growth.
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