Punjab's agriculture expected to grow by 3.70 per cent: Minister
Darpan News Desk IANS, 10 Apr, 2023 09:58 AM
Chandigarh, April 10 (IANS) Punjab Finance Minister Harpal Cheema on Monday said agriculture and allied sectors in the state are expected to grow by 3.70 per cent, industry by 4.33 per cent and services sector by 6.78 per cent, as per advance estimates of 2022-23.
"As compared to agriculture in general, the allied sectors are showing faster growth over the recent years," he said while quoting 'Punjab State at a Glance 2022', a collection of important statistical data, which was released here.
The livestock sector, he said, with rapid growth is becoming a major contributor to the growth of the agriculture and allied sector.
"The livestock sector is likely to grow by 4.18 per cent in 2022-23," Cheema said, while adding the livestock sector's share in total Gross State Value Added (GSVA) of Punjab was 11.1 per cent during 2022-23.
He said the per capita income of Punjab is expected to be Rs 1,73,873 in 2022-23 as per advance estimates compared to Rs 1,70,620 at the national level. State inflation figures were also remained below than those at the national level with few exceptions.
The inflation was at its peak in April 2022 and showed a downward trend in the next few months with the exception in June 2022. "It remained benign till October when it touched the bottom with 4.5 per cent but it started an upward trend in November and December 2022."
Cheema said Punjab has a large chunk of working population in the age of 15-64 years, which stood at 70.15 per cent of the total population in 2021. "A total of 26.11 per cent of them belong to the age of 15-29 years. It is both an advantage as well as a challenge for the state," said the Finance Minister, while adding the government has taken initiatives to provide good education and better job opportunities to channelise the youth energy under the mission 'Rangla Punjab'.
Thanking the Finance Minister for releasing the book, Vikas Pratap, Principal Secretary Planning, said the source agencies of the sectoral data contained in this book has been indicated under each table.
The single volume handy book carries data on all important items relating to different sectors of Punjab economy, besides reflecting the latest available data on important socio-economic indicators of Punjab's economy.
The National Investigation Agency (NIA) on Wednesday declared a cash reward of Rs 15 lakh on the head of Canada-based terrorist Lakhbir Singh Sandhu alias Landa, a prime accused in connection with the rocket launcher attack on Punjab Police Intelligence Headquarters in Mohali in May last year.
The personal search of the passenger resulted in recovery of two strips wrapped with white adhesive tape containing brown coloured paste in a transparent packing. He was hiding it in his underwear. After the extraction procedure four uneven rectangular shaped gold pieces collectively weighing 1760 grams worth Rs 90,29,680 were recovered.
The Telangana government has constructed small dams in villages for conserving the groundwater across the state, and he said as a result of this, the groundwater level has increased up to two metres in the villages.
The Chief Minister envisioned that the summit will go a long way in ensuring holistic industrial development of the state to propel it into the orbit of high growth trajectory. He asked Invest Punjab to make optimum use of this healthy platform to project Punjab as the preferred investment destination among the domestic and global investors.
Shiromani Akali Dal (SAD) President Sukhbir Badal on Wednesday said it was condemnable that Punjab Chief Minister Bhagwant Mann was asserting that the Governor could not ask him any questions because he was "selected" and not "elected", but was allowing AAP convener Arvind Kejriwal to run the affairs of Punjab.
An aide of jailed gangster Jagdeep Singh, alias Jaggu Bhagwanpuria, was held with 1 kg heroin and Rs 27 lakh drug money in raids across the state at suspected hideouts of persons linked with him, Director General of Police Gaurav Yadav said on Wednesday.
