Himachal Pradesh economic growth pegged at 8.3 percent in survey data
Source:The Hindu ↗
Why It Matters
Crucial factual data regarding Himachal Pradesh's macroeconomic performance and state growth rate directly targeted in HPAS Prelims economy questions.
Summary
The Economic Survey of Himachal Pradesh pegged the state's economic growth rate at 8.3% for the financial year 2025-26, highlighting major trends in state income, sectoral growth, and public finance.
Key Points
- Himachal Pradesh's economic growth for the financial year 2025-26 has been pegged at 8.3% according to the State's Economic Survey.
- Provides essential data on Gross State Domestic Product (GSDP), sectoral distribution, and key fiscal indicators of Himachal Pradesh.
- Serves as a vital benchmark document for assessing the macroeconomic health and policy directions of the state government.
Important Terms
Economic Survey of Himachal Pradesh
An annual official document presented in the Himachal Pradesh Legislative Assembly detailing the state's economic performance, sectoral growth, public finance, and major macroeconomic indicators for the preceding and upcoming financial years.
UPSC context
HPAS General Studies Paper-III (Economy of Himachal Pradesh). Essential for questions on state GSDP, sectoral contributions, per capita income, and fiscal trends.
Static Concepts Connected
What is the distinction between GSDP at constant prices and current prices in state economic surveys?
- Real Growth: Constant prices are calculated using a base year to measure real physical output growth by eliminating inflation effects.
- Nominal Value: Current prices reflect the actual nominal value of goods and services produced in a year, incorporating inflation.
- Policy Utility: GSDP growth rates for policy evaluation and inter-year comparisons are universally evaluated using constant price estimates.
Cross-Topic Patterns
GSVA sectoral shift and hill-economy fiscal federalism
Himachal Pradesh's structural shift toward services (46.3%) and industry (40%) mirrors national growth trends while retaining unique hydro-horticultural dependencies.
Expect a direct factual or statement-based question pairing HP's GSDP growth rate (8.3%) with Per Capita Income figures for 2025-26.
Linked PYQs · 3
Linked PYQs · 3
- 2025HPAS_PRELIMSGS1
Read the following statements : Statement I : Share of agriculture in total GSDP of Himachal Pradesh has declined from about 75 percent in 1950-51 to little above 20 percent in 2023-24. Statement II : As per economic survey 2024-25 of the state, however, in terms of employment still 54 percent of the state population is engaged in primary sector. In the light of the above statements, choose the most appropriate answer from the options given below :
- 2025HPAS_PRELIMSGS1
Consider the following statements regarding public finance of Himachal Pradesh : (1) According to Budget Estimate for the year 2024-25, share of revenue expenditure out of total expenditure is around 80 percent. (2) Debt as a percentage of GSDP reached 75.33 during the year 2022-23. (3) State's own tax revenue as a percentage of total revenue for the year 2024-25 (BE) increased to 27.4. (4) During FY 2024-25 (BE) education and health sector were allocated Rs. 9995 and Rs. 8575 crores respectively. Choose the correct answer from the options given below :
- 2024HPAS_PRELIMSGS1
What percent agriculture and its allied industries account for the total Gross State Value Added (GSVA) of Himachal Pradesh ?
