Dehradun: Uttarakhand’s economy has seen remarkable growth over the past 24 years, setting the stage for further development in the state. Since its formation, the state’s economic landscape has undergone significant transformation, with tourism playing a key role in driving this growth.
Significant Increase in Per Capita Income and GSDP
Uttarakhand’s economic progress has been impressive since the state’s establishment. In the year 2000, the per capita income was just ₹15,285, but it has now surged to ₹2.60 lakh. Similarly, the state’s Gross State Domestic Product (GSDP) has seen a massive increase. The economy, which was valued at ₹14,501 crore 24 years ago, has now expanded to ₹3.46 lakh crore, highlighting the state’s robust and steady growth.
20-Fold Expansion in the State Budget
The state’s budget has also grown substantially over the last two decades. At the time of the state’s formation, the budget was around ₹4,500 crore, while the budget for the year 2024-25 has crossed ₹94,000 crore. This includes ₹89,230.07 crore as the main budget and ₹5,013.05 crore as a supplementary budget.
Tourism: A Major Contributor to Economic Growth
Tourism has played a pivotal role in boosting Uttarakhand’s economy. The state’s stunning natural beauty continues to attract tourists from across the globe. As a result, the contribution of tourism to the state’s GSDP has increased from 37% to 43.7% over the last two years. Tourism has not only brought in substantial revenue but also created numerous employment opportunities, benefiting local communities.
A Bright Future Ahead
Uttarakhand’s economic growth is paving the way for a prosperous future. With the continued expansion of tourism and other sectors, the state is set to create more jobs and enhance the livelihoods of its residents. In the coming years, Uttarakhand’s economy is expected to grow even stronger, positioning the state as an economic leader in the region.
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