HImachal Pradesh Registers 7.1 Growth Rate, Increases its Per Capita Income: HP CM Sukhu Presents Economic Survey

: Category: Latest; Published: 16 February 2024

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Shimla: Chief Minister Sukhvinder Singh Sukhu today presented the Economic Survey 2023-24 in Himachal Pradesh Vidhan Sabha presenting a rose picture of Himachal's economy.

Despite facing adverse conditions stemming from unprecedented rains and flash floods, the state has steadfastly pursued initiatives to foster economic growth and development, he claimed.

The survey paints a promising picture of Himachal Pradesh's economy, with a robust growth rate of 7.1% projected for the fiscal year 2023-24.

Nominal GDP is estimated to soar to ₹2,07,430 crore, while the per capita income is expected to reach ₹2,35,199, showcasing the state's economic vitality.

Sectoral Performance
- The tertiary sector remains the highest contributor to the state's Gross Value Added (GVA), followed by the secondary and primary sectors.
- Agriculture and allied sectors have shown significant growth, with the contribution to Gross State Value Added (GSVA) increasing by 49% between 2018-19 and 2023-24.
- The industry sector, including manufacturing, construction, electricity, water supply, and mining, contributes 42.80% to GSVA in 2023-24.
- The services sector continues to be a key driver of the economy, with a 7.4% growth rate expected in 2023-24.

3. Tourism: Domestic tourist arrivals have been steadily increasing, reaching pre-pandemic levels in 2023.

4. Power Sector: Himachal Pradesh's hydroelectric power potential is significant, with about 25% of the national potential. However, only a portion of this potential has been harnessed so far, with 11,209 MW of hydroelectric power currently utilized.

5. Inflation: The state has experienced moderate inflation, with Wholesale Price Inflation (WPI) falling to -1.1% and Consumer Price Index (CPI) ranging between 1.9% and 5.1% during April-December 2022-23.

6. Employment: Himachal Pradesh exhibits favorable labor force participation rates and worker population ratios compared to neighboring states and the national average.

Employment Scenario As per the Periodic Labour Force Survey (PLFS) 2022-23, Labour Force Participation Rate (LFPR) of all ages for Himachal Pradesh (613 per cent) is higher tran Uttarakhand (42.5 per cent), Punjab (42.3 per cent), Haryana (36.3 per cent) and All India (42.4 per cent).

Worker Population Ratio (WPR) for all ages for Himachal Pradesh in 2022-23 (626 per cent) is better than Uttarakhand (40.6 per cent), Punjab (39.7 per cent), Haryana (34.1 per cent) and all India (41.1 per cent).

In Himachal Pradesh, more women (54.8 per cent) are actively participating in the economic activities than neighbouring states and at all India level (27.0 per cent).

Unemployment under usual status (principal status+ subsidiary status) for persons of all ages in neighboring states shows that Himachal has lowest unemployment rate of 4.4 per cent as against Uttarakhand 4.5 per cent, Punjab and Haryana 6.1 per cent, stated the survey.

Additionally, more women in Himachal Pradesh are actively participating in economic activities.

7. Poverty Reduction: Multidimensional poverty in Himachal Pradesh has declined significantly, from 10.14% in 2013-14 to 3.88% in 2022-23, indicating substantial progress in poverty alleviation efforts.

Overall, the Economic Survey highlights the state's efforts to maintain economic growth, address challenges, and promote inclusive development through various sectors and policies, CM said.

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Sword of Uncertainty Over Six CPSs’ Fate Temporarily Lifted: Relief for Sukhu Government

In a major relief to the Himachal Pradesh government, the Supreme Court has stayed the High Court’s directive to initiate disqualification proceedings against six MLAs who were appointed as Chief Parliamentary Secretaries (CPSs).

This decision, welcomed by Chief Minister Thakur Sukhvinder Singh Sukhu, has brought a temporary reprieve to his administration, which was grappling with the political and legal ramifications of the High Court’s order.

The Himachal Pradesh High Court had earlier quashed the appointments of the six CPSs, deeming them unconstitutional, and directed the Assembly Speaker to initiate disqualification proceedings under the anti-defection law.

However, the Supreme Court’s stay has effectively paused the implementation of this directive, offering the government some breathing space to strategize its next legal move.

CM Sukhu Hails Supreme Court’s Clarity

Speaking to media persons in New Delhi, CM Sukhu expressed his satisfaction with the Supreme Court’s interpretation, which he said provided much-needed clarity on the matter.

"The relief granted by the Supreme Court is significant, and we will deliberate on the next steps after considering all legal aspects,” he said.

The Chief Minister also emphasized that the apex court’s interpretation differed from paragraph 50 of the High Court’s verdict, which had been the basis of the controversial directive.

Opposition’s “Childish” Behavior Criticized

Shifting his focus to the opposition, Sukhu took a sharp jab at their tactics, describing their behavior as “childish” and lacking focus on real issues.

“There are no controversies here, but their behavior is simply immature. From toilet tax to ‘Samosa Politics,’ they are just distracting from the real issues,” he said.

Sukhu accused the opposition BJP of attempting to create diversions because of its failure to make a dent in the Congress’s strength during the Vidhan Sabha elections.

“Their ‘Operation Lotus’ was decisively rejected by the people, and Congress retained its 40-seat strength. Now, they resort to personal attacks to divert attention from our welfare schemes,” he added.

Relief Amid Mounting Challenges

The Supreme Court’s stay on the High Court’s order has momentarily eased the pressure on the Sukhu government, but the sword of uncertainty continues to hang over the six MLAs who served as CPSs.

With questions around their appointments still unresolved, the case remains a legal minefield.

The CPS appointments had drawn criticism for allegedly violating constitutional provisions, which prohibit the creation of such posts without legislative backing.

The High Court’s scathing remarks and the directive for disqualification had added fuel to the controversy, creating a storm in the state’s political landscape.

While the Supreme Court’s intervention provides temporary relief, the Sukhu government must now prepare for a protracted legal battle to defend the appointments and protect its legislative majority.

Opposition’s Counterattacks

The BJP, meanwhile, has been quick to pounce on the issue, accusing the government of flouting constitutional norms for political convenience. Party leaders have argued that the CPS appointments were a backdoor way to reward loyalists, a claim that Sukhu has staunchly denied.

The opposition’s attacks, combined with the ongoing legal scrutiny, highlight the precarious nature of the government’s position. For now, the Supreme Court’s decision is a welcome pause, but the final word on the matter could still have far-reaching consequences for the political stability of Himachal Pradesh.

Sukhu’s Call for Responsibility

Amid the controversy, Sukhu reiterated his commitment to governance and welfare. He called on the opposition to act responsibly and raise issues that matter to the common man.

“Significant progress has been made in improving the socio-economic status of the underprivileged during this tenure, and that remains our priority,” he stated.

With the legal wrangling far from over, the fate of the six CPSs—and the stability of the Sukhu government—remains inextricably tied to the unfolding courtroom drama.

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HImachal Pradesh Registers 7.1 Growth Rate, Increases its Per Capita Income: HP CM Sukhu Presents Economic Survey

7. Poverty Reduction: Multidimensional poverty in Himachal Pradesh has declined significantly, from 10.14% in 2013-14 to 3.88% in 2022-23, indicating substantial progress in poverty alleviation efforts.

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