<p>The Economic Survey of Karnataka 2010-11 brought out by the Planning, Programme Monitoring and Statistics Department on Wednesday reveals a robust growth in agriculture sector at 5.7 per cent compared to 3.3 per cent last year.<br /><br />However, the State’s growth rate continues to be below the national average for the third consecutive year. While the State’s growth rate is estimated at 8.2 per cent during 2010-11 it still falls below the advance national estimates of 8.7 per cent growth in the GDP.<br /><br />But, the growth in agriculture sector is striking. Statistics speak. Foodgrain production, especially pulses, oilseeds and sugarcane in the State increased at an enormous rate of more than 14 per cent over the last year. In actual terms, the foodgrain production increased from 110 lakh tonnes in 2009-10 to above 125 lakh tonnes during the current fiscal. <br /><br />The cumulative irrigation potential under major, medium, and minor irrigation has gone up to 35.12 lakh hectares in 2010-11 from 34.43 lakh hectares in 2009-10.<br /><br />Striking growth<br /><br />Chief Minister B S Yeddyurappa, who also holds the finance portfolio, is sure to ride on these statistics as he presents an exclusive agriculture budget along side the budget proposals for 2011-12 in the Legislative Assembly on Thursday.<br /><br />The manufacturing sector has recorded a growth of 9.3 per cent in 2010-11 with many key sectors such as construction, mining and quarrying yielding high dividends to entrepreneurs. Last’s year growth was 7.5 percent. <br /><br />Domination<br /><br />Of course, tertiary sector (mainly Information Technology, trade, hotels, transport, real estate) continued to dominate the economy contributing 55.17 per cent to GSDP as compared to other sectors. It was 54 percent last year. <br /><br />The contribution of secondary sector (mainly industry) and primary sector (agriculture and allied activity) are 28 and 16 per- cent respectively as compared to 29 percent and 17 percent previous year. <br /><br />At the individual level, the survey predicts that per capita GSDP or per capita income in real terms during the year 2010-11 at current prices is likely to attain a level of Rs 67,253 compared to Rs 58,582 during 2009-10. The growth rate in per capita income is estimated at 14.8 per cent during the year 2010-11 as against the pervious year estimate of 12.3 per cent.<br /><br />Another reason for the State government to pat its own back would be the high growth rate in State’s own tax revenue. <br /><br />During the current financial year from April to December the State’s own tax revenue has recorded a growth of 30 per cent, compared to the corresponding period last year.<br /><br />The buoyancy in resource generation is bound to come as a relief to Yeddyurappa at a time when mounting interest payment, salaries and pension bills are hanging like sword over the government’s head. <br /><br />On the employment side, the State witnessed a slight increase in indicators clocking 283.72 lakh person days in 2010-11 compared to 278.22 lakh person days the previous year. <br /><br />Employment generation has been estimated based in three factors - income, employment elasticity over a period of years and anticipated estimates of gross State domestic product for 2010-11. Last but not the least, the state government attracted more visitors this fiscal. The tourist flow in the state has been steadily increasing from 2.52 crore in 2005 to 3.32 crore in 2010, which indicates an increase of 16 percent.<br /><br />The survey in a new avatar<br /><br />The Economic Survey document for 2010-11 is different in presentation and format. It has more analytical data of various sectors unlike the previous years’ documents. <br /><br />The survey is the single and most authentic source of official information on the entire the economy of the State for budget and other key economic policy purposes. The users of the Survey include policy makers, prospective investors, researchers, academics and students. This time, Karnataka has followed the method adopted by Maharashtra in preparing the document. In addition to making the existing chapters more comprehensive, new chapters on frontier areas like investment and exports, tourism, natural resources and environment have been added for the first time. A separate chapter highlighting the recommendations and achievement of the implementation of the Dr D M Nanjundappa committee on regional imbalance has been included in this year Economic survey. <br /><br />Leading academicians have been drawn from various academic institutions like ISEC, IISc, Gulbarga University, Karnatak University, CMDR and IGIDR to offer their help in enhancing the quality of the Economic Survey, according to Dr S Madeshwaran, Special Officer, Evaluation Division, Planning, Programme Monitoring and Statistics Department.<br /><br /></p>
<p>The Economic Survey of Karnataka 2010-11 brought out by the Planning, Programme Monitoring and Statistics Department on Wednesday reveals a robust growth in agriculture sector at 5.7 per cent compared to 3.3 per cent last year.<br /><br />However, the State’s growth rate continues to be below the national average for the third consecutive year. While the State’s growth rate is estimated at 8.2 per cent during 2010-11 it still falls below the advance national estimates of 8.7 per cent growth in the GDP.<br /><br />But, the growth in agriculture sector is striking. Statistics speak. Foodgrain production, especially pulses, oilseeds and sugarcane in the State increased at an enormous rate of more than 14 per cent over the last year. In actual terms, the foodgrain production increased from 110 lakh tonnes in 2009-10 to above 125 lakh tonnes during the current fiscal. <br /><br />The cumulative irrigation potential under major, medium, and minor irrigation has gone up to 35.12 lakh hectares in 2010-11 from 34.43 lakh hectares in 2009-10.<br /><br />Striking growth<br /><br />Chief Minister B S Yeddyurappa, who also holds the finance portfolio, is sure to ride on these statistics as he presents an exclusive agriculture budget along side the budget proposals for 2011-12 in the Legislative Assembly on Thursday.<br /><br />The manufacturing sector has recorded a growth of 9.3 per cent in 2010-11 with many key sectors such as construction, mining and quarrying yielding high dividends to entrepreneurs. Last’s year growth was 7.5 percent. <br /><br />Domination<br /><br />Of course, tertiary sector (mainly Information Technology, trade, hotels, transport, real estate) continued to dominate the economy contributing 55.17 per cent to GSDP as compared to other sectors. It was 54 percent last year. <br /><br />The contribution of secondary sector (mainly industry) and primary sector (agriculture and allied activity) are 28 and 16 per- cent respectively as compared to 29 percent and 17 percent previous year. <br /><br />At the individual level, the survey predicts that per capita GSDP or per capita income in real terms during the year 2010-11 at current prices is likely to attain a level of Rs 67,253 compared to Rs 58,582 during 2009-10. The growth rate in per capita income is estimated at 14.8 per cent during the year 2010-11 as against the pervious year estimate of 12.3 per cent.<br /><br />Another reason for the State government to pat its own back would be the high growth rate in State’s own tax revenue. <br /><br />During the current financial year from April to December the State’s own tax revenue has recorded a growth of 30 per cent, compared to the corresponding period last year.<br /><br />The buoyancy in resource generation is bound to come as a relief to Yeddyurappa at a time when mounting interest payment, salaries and pension bills are hanging like sword over the government’s head. <br /><br />On the employment side, the State witnessed a slight increase in indicators clocking 283.72 lakh person days in 2010-11 compared to 278.22 lakh person days the previous year. <br /><br />Employment generation has been estimated based in three factors - income, employment elasticity over a period of years and anticipated estimates of gross State domestic product for 2010-11. Last but not the least, the state government attracted more visitors this fiscal. The tourist flow in the state has been steadily increasing from 2.52 crore in 2005 to 3.32 crore in 2010, which indicates an increase of 16 percent.<br /><br />The survey in a new avatar<br /><br />The Economic Survey document for 2010-11 is different in presentation and format. It has more analytical data of various sectors unlike the previous years’ documents. <br /><br />The survey is the single and most authentic source of official information on the entire the economy of the State for budget and other key economic policy purposes. The users of the Survey include policy makers, prospective investors, researchers, academics and students. This time, Karnataka has followed the method adopted by Maharashtra in preparing the document. In addition to making the existing chapters more comprehensive, new chapters on frontier areas like investment and exports, tourism, natural resources and environment have been added for the first time. A separate chapter highlighting the recommendations and achievement of the implementation of the Dr D M Nanjundappa committee on regional imbalance has been included in this year Economic survey. <br /><br />Leading academicians have been drawn from various academic institutions like ISEC, IISc, Gulbarga University, Karnatak University, CMDR and IGIDR to offer their help in enhancing the quality of the Economic Survey, according to Dr S Madeshwaran, Special Officer, Evaluation Division, Planning, Programme Monitoring and Statistics Department.<br /><br /></p>
