CHAPTER - III
State Income

3.1.0 The advance estimates of State Domestic Products for the year 2003-2004 indicate that during the year the Gross State Domestic Product (GSDP) of Assam is expected to grow by 6.0 per cent at constant (1993-94) prices and by 10.2 per cent at current prices. At national level the growth of GDP during 2003-2004 is expected to be 8.1 per cent at constant (1993-04) prices and 11.9 per cent at current prices as revealed from the advance estimates released by the Central Statistical Organisation. As per the advance estimates the per capita NSDP (i.e. Per Capital Income) of Assam is likely to attain the level of Rs 6403 at constant (1993-94) prices and Rs 12593 at current prices during 2003-2004 while at national level the per capital income is estimated at Rs 11684 at constant (1993-94) prices and Rs 208060 at current prices during the same period.

3.1.1 The quick estimates of the Gross State Domestic Product (GSDP) of Assam for 2002-2003 shows that the growth of GSDP at constant (1993-94) prices has increased by 3.94 per cent during the year as against increase of 3.23 per cent in 2001-2002 (Provisional Estimates). At current prices the same has increased by 7.79 per cent in 2002-2003 (Q) as against 4.44 per cent increase in 2001-2002 (P). The Primary Sector registered a negative growth of (-) 1.6 per cent during 2002-2003 (Q) over the previous year in real terms while the Construction Sector in the State registered a positive growth of 16.7 per cent, which resulted a growth of 9.7 per cent in Secondary Sector during the aforesaid period. The Tertiary Sector registered a positive growth of 6.6 per cent during the year. The quick estimates of GSDP of Assam in 2002-2003 (Q) at constant (1993-94) prices has been estimated at Rs 19121.44 crore as against Rs 18397.33 crore in 2001-2002 (P). At current prices, GSDP in 2002-2003 (Q) is estimated at Rs 35431.42 crore as against Rs 32872.31 crore in 2001-2002 (P).

According to the Quick Estimates related by the Central Statistical Organization (CSO), the Gross Domestic Product (GDP) at National level at constant (1993-94) prices has grown by 4.0 per cent during 2002-2003. As per the said estimates the Agriculture and allied sector has declined by 4.0 per cent, mainly due to the draught conditions prevailed in the country during the aforesaid period while the Secondary and Tertiary Sectors has shown a growth of 6.2 per cent and 7.1 per cent respectively.

TABLE – 3.1

GROWTH OF GSDP AND GDP AT CONSTANT (1993-94) PRICES
(In percentage)

3.1.2 The Net State Domestic Product (NSDP) of Assam in real terms i.e. at 1993-94 prices has been estimated at Rs 16784.61 crore in 2002-2003 (Q) as against Rs 16155.32 crore in 2001-2002 (P) and Rs 15670.90 crore in 2000-2001. Thus, the NSDP registered a growth of 3.90 per cent in 2002-2003 over 2001-2002 as against a growth of 3.09 per cent witnessed in 2001-2002 over 2000-2001. At current prices the same was Rs 31720.80 crore in 2002-2003 (Q) as against Rs 29419.22 crore in 2001-2002 (P) and Rs 28262.14 crore in 2000-2001. The growth rate at current prices in 2002-2003 was 7.82 per cent in comparison to 4.09 per cent growth witnessed in 2001-2002 (P). The annual compound growth rate of NSDP during the period from 1993-94 to 2002-2003 has been worked out at 10.25 per cent at current prices and 2.29 per cent at constant (1993-94) prices.

3.1.3 The Per Capita Net State Domestic Product (NSDP) i.e., the Per Capita Income of Assam at constant price (1993-94) has been worked out at Rs 6220 in 2002-2003 (Q) as against Rs 6059 in 2001-2002 (P) and Rs 5943 in 2000-2001. At current prices the same was Rs 11755 in 2002-2003 (Q) as against Rs 11034 in 2001-2002 (P) and Rs 10718 in 2000-2001. Thus, the Per Capita Income at constant prices (1993-94) showed an increase of 2.66 per cent in 2002-2003 (Q) over 2001-2002 (P) as against the increase of 1.95 per cent in 2001-2002 over 2000-2001. At current prices the same recorded an increase of 6.53 per cent in 2002-2003 (Q) over 2001-2002 (P) as against 2.95 per cent increase in 2001-2002 (P) over 2000-2001.

The Table – 3.2 shows the Per Capita Income of Assam and India during the period from 1980-81 to 2002-2003.

TABLE – 3.2

PER CAPITA INCOME OF ASSAM AND INDIA (In Rupees)

It would be evident from Table – 3.2 that in respect of Per Capita Income, Assam continued to lag behind the Per Capita Income at National level in every year under reference in the table. Another noticeable feature in this regard is that the gap between the Per Capita Income of Assam and India is widening in every subsequent years. During 2002-2003 (Q) the Per Capita Income of Assam stood at Rs 11755 at current prices and Rs 6220 at constant (1993-94) prices and during the same period the Per Capita Income for the country as a whole was Rs 18912 at current prices and Rs 10964 at constant (1993-94) prices. As per Quick Estimate the Per Capita Income of Assam showing an increase of 6.53 per cent at current prices and 2.7 per cent at constant (1993-94) prices during 2002-2003 over that of previous year. The movement of GSDP and NSDP of Assam at Factor Cost by Industry of origin along with Per Capita Income at current and constant prices may be seen from the Tables at Appendix.

3.1.4 An analysis of the Sectoral contribution by broad groups reveals that during 2002-2003 (Q) the contribution of Primary, Secondary and Tertiary Sectors for the total Net State Domestic Product of the State at current prices stands at 38.72 per cent, 16.16 per cent and 45.12 per cent respectively. During the same year, the contribution of Primary, Secondary and Tertiary Sectors at constant (1993-94) prices have been found to be 38.69 per cent, 15.26 per cent and 46.05 per cent respectively. While in 2001-2002 (P), the contribution were 41.00 per cent for Primary Sector, 14.99 per cent for Secondary Sector and 44.01 per cent for Tertiary Sector at current prices and 41.06 per cent, 14.21 per cent and 44.73 per cent respectively at constant prices.

The share of the entire Sectors to the total NSDP of the State during 2002-2003 (Q) are shown in the Table – 3.3

The Sectoral composition of the State’s economy has undergone considerable changes during 1992-93 to 2002-2003 as revealed from the movement of the SDP of the State. During this period, the share of Primary Sector has declined from 51.45 per cent to 38.72 per cent. On the other hand, the share of Secondary Sector has increased from 12.84 per cent to 16.16 per cent and Tertiary Sector has also increased from 35.71 per cent to 45.12 per cent over the same period. The increasing share of Secondary and Tertiary Sectors is due to faster rate of development in these two Sectors in comparison to the development in the Primary Sector.

The contribution of Agricultural Sector to the total NSDP of the State is found to be dwindling over the years. During 2002-2003 (Q), 2001-2002 (P) and 2000-2001 the share of this Sector were 30.34 per cent, 31.69 per cent and 34.45 per cent respectively at current prices and 29.60 per cent, 31.43 percent and 32.46 per cent respectively at constant (1993-94) prices.

TABLE – 3.3

THE SECTORWISE PERCENTAGE SHARE TO THE TOTAL NSDP OF THE STATE DURING 2002-2003 (Q)