A day earlier than the presentation state’s annual Funds for the monetary yr 2023-24, Maharashtra Finance Minister and Deputy Chief Minister Devendra Fadnavis on Wednesday tabled the Financial Survey for the yr 2022-23 within the state Meeting.
Maharashtra’s financial survey for 2022-23 forecasts a development charge of 6.8 per cent. That is decrease than the expansion charge of the Indian economic system which is projected at 7 per cent by the survey. The state’s development charge can be decrease compared to the expansion charge of 2021-22, which was 9.1 per cent.
The financial survey estimates a decline within the development charge of the agricultural sector and the providers sector however an enchancment within the development charge of the commercial sector. The expansion charge of the agriculture and allied providers sector for 2022-23 is estimated to be 10.2 per cent in comparison with 11.4 per cent in 2021-22. The expansion charge of the commercial sector is estimated at 6.1 per cent in comparison with 3.8 per cent the earlier yr. The expansion charge of the providers sector is estimated to be 6.4 per cent in comparison with 10.6 per cent the earlier yr.
The per Capita State Earnings for 2022-23 is anticipated at Rs 2,42,247 as in opposition to Rs 2,15,233 for 2021-22. Within the earlier yr of 2021-22, the per capita state revenue was decrease than Karnataka, Haryana, Telangana, and Tamil Nadu. The nominal GSDP of the state is estimated at Rs 35,27,084 in comparison with Rs 31,08,022 in 2021-22.
The primary price range of the Eknath Shinde-led administration will probably be unveiled tomorrow as a part of the continued price range session of the Maharashtra Meeting.
In accordance with the financial survey for 2022-23, the share of the fiscal deficit to GSDP is 2.5 per cent and the debt inventory to GSDP is eighteen.4 per cent as of 2022-23. The state obtained 119.8 per cent of the conventional rainfall throughout 2022, and sowing was accomplished on a 157.97 lakh ha space throughout the Kharif season of 2022-23.
The manufacturing of cereals, oil seeds, cotton, and sugarcane is anticipated to extend by 10 per cent, 19 per cent, 5 per cent, and 4 per cent, respectively, whereas the manufacturing of pulses is more likely to lower by 37 per cent over the earlier yr. Throughout the rabi season of 2022-23, sowing was accomplished on 57.74 lakh hectares. The manufacturing of pulses is anticipated to extend by 34 per cent whereas the manufacturing of cereals and oilseeds is anticipated to lower by 13 per cent over the earlier yr, as per the survey.