Mumbai | Mahaenews |Online Team
The State Economic Survey Report 2019-20 was presented in the Legislative Assembly today. It highlighted several aspects. Maharashtra is ranked fifth in per capita income after Haryana, Karnataka, Telangana and Tamil Nadu. On the other hand, the economic downturn seems to have hit Maharashtra. Last year, the economic growth rate was 7.5. However, this year it has dropped to 5.7.
The agriculture and allied activities sector is expected to grow 3.1 percent in 2019-20. The first revised estimates indicate that the gross gross state income for 2017-18 was 26,32.792 crore, while in 2017-18 it was Rs 23,82,570 crore. This financial survey report of the state provided detailed information on agriculture, per capita income of the state, various schemes, irrigation, water storage, financing.
Some of the important points in the financial survey report
– Growth rate increased from 7.5% to 5.7% due to economic slowdown
– Explained in the financial survey report for 2019-20
– State growth rate is expected to increase by 5.7%
– Agriculture and allied activities are expected to increase by 3.1%
– Last year’s agriculture rate dropped to 2.2 percent
– Per capita income of the state is 1 lakh 91 thousand 737
– Maharashtra ranks fifth in per capita income after Haryana, Karnataka, Telangana and Tamil Nadu.
– State revenue deficit
– Revenue Deposit of the State – 3 lakh 14 thousand 640 crore
– Revenue expenditure of the State – 3 lakh 34 thousand 933 crores
– Revenue deficit – 20 thousand 293 crores
– Loans from the State Rs. 4 lakh 71 thousand 642 crore
– State debt burden increased
– Loans in the State were 4 lakh 14 thousand 411 crore in 2018-19, interest on which was 33 thousand 929 crore.
– Now in the year 2019-20, the loan will have to be paid 4 lakh 71 thousand 642 crore and interest 35 thousand 207 crore.
– The fiscal deficit is 2.7 percent compared to the state’s gross income
– Loans increased by 22.4 percent compared to the gross income of the state
The Seventh Pay Commission also increased salaries
1 lakh 15 thousand 241 crore in 2019-20
– 78 thousand 630 crore in 2018-19
– The seventh pay commission increased the spending on 24,000 crore salaries
– Pension in 2018-19 at Rs 27 thousand 567 crore
– Now Rs. 36 thousand 368 crore is expected in 2019-20
– In 2018-19, the industry sector declined by 7.1 percent in the year 2019-20, by 1.5 percent and 5.5 percent.
– Production area from 7.2% to 6%
– Service sector growth of 6.9 per cent to 8.1 per cent
– 15,000 crore provision for Mahatma Jyotirao Phule scheme
– Irrigation statistics are also not available in this report
– For the eighth year in a row, statistics are not available
