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Maha economy likely to grow by 9.4 pc in 2016-17: Eco survey

Press Trust of India  |  Mumbai 

Maharashtra's economy is expected to grow by 9.4 per cent in 2016-17 over the previous year, according to the Economic Survey for 2016-17 presented in the State Legislature here today.

The Economic Survey was presented by State Minister in the Legislative Assembly, while in Legislative Council it was tabled by Minister of State for Deepak Kesarkar.

The survey stated that agriculture and allied activities sector is likely to grow by 12.5 per cent.

According to the report, the state witnessed good rains (94.9 per cent) of 'normal rainfall' during 2016-17 after a dry spell of two years. Out of 355 talukas, excluding city and suburbs, 58 talukas received deficient, 216 normal and 81 talukas received excess rainfall.

During 2016 Kharif season, sowing was completed under 152.12 lakh hectares and the production of cereals, pulses, seeds, and cotton is expected to increase by 80 per cent, 187 per cent, 142 per cent and 83 per cent, respectively in 2016-17.

Production of sugarcane is projected to drop by 28 per cent against the previous year.

The area under Rabi crop in 2016 stood at 51.31 lakh hectares. Production of cereals, pulses and seeds is expected to increase by 62 per cent, 90 per cent and 36 per cent, respectively.

Industry and services sectors are expected to grow at 6.7 per cent and 10.8 per cent, respectively.

The expected revenue receipts for 2016-17 are Rs 2,20,810 crore as against Rs 1,98,321 crore during 2015-16, the survey stated.

The actual revenue receipts during April to December 2016 were Rs 1,40,864 crore, an increase of 11.4 per cent over the corresponding period of the previous year, the survey said.

The expected revenue expenditure of the state is Rs 2,24,455 crore in 2016-17 as against Rs 2,07,611 crore during 2015-16.

Under the Jalyukt Shivar Yojana, out of 6,202 villages in the state selected in 2015-16, 4,374 villages were made water neutral. During 2016-17, 5,281 villages were selected.

During 2015-16, crop loan worth Rs 40,581 crore was

disbursed to farmers through financial institutions as against Rs 34,100 crore in 2014-15.

In the last financial year, agriculture term loan of an amount of Rs 32,284 crore was disbursed as against Rs 21,861 crore during 2014-15.

In 2015-16, primary agriculture credit societies disbursed loan of Rs 13,293 crore to farmers, of which loan of Rs 7,089 crore was disbursed to small and marginal farmers.

Since August 1991 to November 2016, about 19,437 industrial proposals with proposed investment of Rs 11,37,783 crore were approved. Of these, 8,664 projects (44.6 per cent) with proposed investment of Rs 2,69,814 crore (23.7 per cent) were commissioned.

The installed capacity of electricity in the state was 34,416 MW as on December 31, 2016. Generation of electricity upto December 2016 was 82,441 million units.

During 2016-17 fiscal, upto December, total consumption of electricity was 82,145 million units, up 4.8 per cent over the corresponding period of the previous year.

Transmission loss in 2015-16 was 3.9 per cent, distribution loss 14.5 per cent, while aggregate technical and commercial (AT&C) losses were recorded at 19.7 per cent.

The survey said, by March 31 2016, the total road length maintained by PWD and Zilla Parishads was about 3.01 lakh kms.

About 99 per cent villages were connected by all weather roads, it said.

The total number of vehicles on roads as on January 1 2017 was 294 lakh, which was 24,441 vehicles per lakh population and 98 vehicles per km road length.

In 2016-17, the number of primary schools (class I-VIII) in the state was 1,04,970 with enrolment of 159.86 lakh, while the number of secondary and higher secondary schools stood at 25,737 with enrolment of 66.15 lakh.

As per the survey, till February 10, 2017, nearly 1.76 crore bank accounts were opened by under the Pradhan Mantri Jan Dhan Yojna in the state with deposits of about Rs 3,925 crore.

First Published: Fri, March 17 2017. 16:13 IST