HP growth rate estimated at 6.7%

The Economic Survey Report presented in the state Assembly on Thursday indicates a slight improvement in Himachal Pradesh's growth rate for the financial year 2024-25, with an anticipated increase from 6.6 percent to 6.7 percent.

- ASHWANI SHARMA

SHIMLA:

Except for the period 2020-21 when the economic growth in Himachal Pradesh took a sharp dip to negative, during the Covid-20 period, there has been a steady rise from 4.8 percent in 2021-22 to 6 percent in 2022-23, 6.6 percent in 2023-24 and now estimated at 6.7 percent at the end of the financial year.

In the Economic Survey report laid in the House, ahead of the state's budget on March 17, the Gross State Domestic Product (GSDP) at current prices for 2024-25 is projected to be Rs 2,32,185 crore, a jump from Rs 2,10,662 crore in the previous year.

The state's Per Capita Income (PCI) for 2024-25 is expected to reach Rs 2.57 lakh, posting a growth of 9.6 percent over the previous year.