AIZAWL: Mizoram registered a growth of over 12 per cent in its Gross State Domestic Product (GSDP) during the financial year 2020-2021, according to the Economic Survey of Mizoram 2021-2022.
The GSDP at constant prices is expected to attain an amount of Rs. 20,369.33 crore in 2020-2021 against the estimate of Rs. 18,033.61 crore for the year 2019-2020 showing a growth of about 12.95 per cent, said the Economic Survey presented by chief minister Zoramthanga in the assembly on Monday.
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The Gros State Value Added (GSVA) at constant (2011-12) prices has locked 12.15 per cent average annual growth rate during financial years 2011-2012 to 2021-2021, the economic survey said.
The primary sector, comprising agriculture and allied activities, contributed 25.93 per cent to the Gross State Value Added (GSVA), while the industry sector, which comprised mining and quarrying, manufacturing, construction, electricity, gas, water supply and other utility service, contributed 26 per cent to the GSVA in 2020-2021, it said.
The main determinants of the industry section like electricity, gas, water supply and other utility service sector alone contributed 15.07 per cent to the GSVA.
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The service or tertiary sector continues to have the highest contribution to the GSVA at 48 per cent.
It may be mentioned that the primary sector had contributed 26 per cent, the industry sector (30.64 %) and tertiary sector (43.28 %) to the GSVA in 2019-2020.
According to the new economic survey, the per capita income of the state for fiscal 2020-2021 is projected at Rs 2, 09,389 as against the previous year’s estimate of Rs 1, 87,327.
The economic survey said that the state is still witnessing the fall-out of the COVID-19 pandemic with the emergence of new variants of COVID-19.
However, the impact of the pandemic in overall economic performance has been less destructive than the preceding year because of the timely intervention of the Central and state governments and easing up of restrictions on inter-state as well as intra-state movement of people and goods, it said.