Good News for Uttarakhand on the Economic Front
Uttarakhand has received some positive news on the economic front. According to government estimates, the state’s per capita annual income for the financial year 2024-25 is expected to reach ₹2,74,064. This marks an 11.33% increase compared to ₹2,46,178 estimated for 2023-24. Meanwhile, as per the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation, the national per capita income for 2024-25 is projected at ₹2,00,162, reflecting an 8.7% rise from ₹1,84,205 estimated for 2023-24.
Growing Economy, Rising Growth Rate
During a press conference held at the Media Center on Saturday, Principal Secretary Dr. Meenakshi Sundaram shared key findings from the state’s economic survey. He stated that the Gross State Domestic Product (GSDP) at current prices is expected to reach ₹3.78 lakh crore in 2024-25, compared to ₹3.32 lakh crore estimated for 2023-24, indicating a growth of 13.59%. The growth rate for 2023-24 was estimated at 13.78%.
Performing Better Than the National Average
Similarly, the real Gross State Domestic Product (GSDP), based on 2011-12 prices, is projected to reach ₹2.17 lakh crore in 2024-25, up from ₹2.04 lakh crore estimated for 2023-24. The state’s economic growth rate for 2024-25 is expected to be 6.61%, while it was projected at 7.83% for 2023-24. On the national level, the NSO has estimated India’s economic growth rate at 6.4% for 2024-25, compared to 8.2% in 2023-24. Uttarakhand’s economic indicators suggest steady progress, outpacing national growth in several areas. The rising per capita income and expanding economy signal a promising financial outlook for the state.
