Draft Annual Plan 1994-95 (Madhya Pradesh)

Abstract

From Introduction: The State economy decelerated in 1991-92, due mainly to a substantial fall in the production of primary sector, particularly under agriculture and to some extent under forestry and logging. As a consequence, the net State domestic product of Madhya Pradesh at constant (1980-81) prices fell by 6.0 percent. Similarly, per capita income at constant prices also fell by 8.2 percent during the same period, from Rs.l729 in 1990-91 to Rs.1588 in 1991-92. It is Interesting to note that in spite of the severe set-back, due mainly to a shortfall in agricultural production in 1991-92 and some previous years, the State economy has grown at a compound (exponential) rate of 4.5 percent per annum during the period 1980-81 to 1991-92. It is a different matter, however, that the State economy has been unable to catch up with the all-India level. During 1992-93 the production of foodgrains, according to the final forecast, is reported to be 163.20 lakh metric tons, thus registering an increase of 5.2 percent over the previous year. With the other sectors also picking up, the economy is expected to resume a positive growth rate in 1992-93. The outlook for the current year, 1993-94 is also good,