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Marginal growth in GSDP of Kerala
Our Bureau
Thiruvananthapuram, March 4
The Gross State Domestic Product (GSDP) of Kerala grew to 8.1 per cent in 2006-07, which was marginally higher than the eight per cent recorded in the previous year.
According to the Economic Review-2007, prepared by the State Planning Board, the notable feature during the year was that the high growth rate came together with reduced rural distress. For one, the peasant suicides came to an end in the second half of the year.
A significant event was the setting up of Debt Relief Commission by the State Government, which brought substantial hopes to the distressed peasantry. Debt relief, together with the provision of an assured remunerative price of Rs 9 per kg for paddy and the implementation of the National Rural Employment Guarantee Scheme in the poorest districts of the State, brought some relief in rural distress, says the Review.
Quick estimate
A quick estimate of GSDP at factor cost at constant (1999-2000) prices was Rs 1,06,832.73 crore as against the provisional estimate of Rs 98,817.08 crore during 2005-06, registering a growth of 8.1 per cent in 2006-07.
At current prices, the GSDP was estimated at Rs 1,32,738.53 crore as against Rs 1,18,998.19 crore in the previous year. The growth rate in current prices is 11.6 per cent 2006-07 as compared to 11.2 per cent in the previous year.
The per capita state income at constant prices increased from Rs 25,657 in 2005-06 to Rs 27,284 in 2006-07, registering a growth of 6.3 per cent. At current prices, it was Rs 33,609 in 2006-07 as against Rs 30,668 in the previous year, with the growth rate being 9.6 per cent.
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