• Agenda 169th SLBC Meeting        |
  • The 169th SLBC meeting is scheduled to be held on 20.09.2018 at 11 am under Chairmanship of the Chief Secretary, Govt. of M.P.         |

9, Arera Hills, Central Bank of India,
Zonal Office, Bhopal

1800 233 4035
smslbc@centralbank.co.in

Economy

Madhya Pradesh is among the fastest growing states in the country. At prevailing rates, the Gross State Domestic Product (GSDP) of Madhya Pradesh for 2016-17 was Rs 6,39,220 crore, which rose to Rs 7,07,047 crore in 2017-18.

GSDP growth at constant prices during the base year 2011-12 was at Rs 3,15,562 crore which has risen to Rs 4,65,136 crore in 2016-17. Between 2011-12 and 2016-17, the Compound Annual Growth Rate (CAGR) for GSDP was 14.01% .

Amount in crore

Source : Economic survey of Madhya Pradesh 2017-18

The state has an agrarian economy. The major crops of Madhya Pradesh are wheat, soybean, gram, sugarcane, rice, maize, cotton, rapeseed, mustard and arhar. Agriculture continues to remain a major source of employment and livelihood in the state. According to Census 2011, 69.8% of total workers, and 85.6% of the total workers in rural areas are dependent on agriculture for livelihood in the State, as compared to 72.3% in rural India. Thus, significant proportion of rural population is dependent directly or indirectly on this sector. Madhya Pradesh is being honoured “Krishi Karman Award” for the fifth consecutive year from 2011-12 to 2015-16.The state has recorded 18% agriculture growth during the last five years.

As per economic survey of the state 2017-18, the per capita income has increased to Rs 79,907 in 2017-18 from Rs 73,268 in 2016-17, showing increase of 9.06 per cent in 2017-18 compared to the previous year .

As per the budget estimates of FY 2018-19, the total revenue receipts were estimated at Rs 1,39,115.67 crore which is 10.36% higher than previous year while the total debt on the state till March 31, 2017 was estimated at Rs 92,320.48 crore.

The number of MSME units established in the State has been increasing consistently since 2012-13. In the year 2012-13, there were 19894 registered Micro, Small & Medium Enterprises, which increased to 87071 in the year 2016-17. 363812 employment were made by these enterprises till the year 2016-17.

The state is rich in natural resources. Madhya Pradesh is the sole producer of diamond from Panna. It is also a leading producer of pyrophyllite, copper concentrate, manganese ore, clay and shale. The state is perfectly poised for diversification of agriculture and horticulture crops, strategic promotion of agro-based industries.

Due to wildlife tourism and a number of places of historical and religious significance, the tourism industry of the state is growing.

State Government has put in place, favourable developmental policies and is also improving its infrastructure facilities. It is one of the fast growing economies in the country.

Statistics

PER CAPITA NET STATE DOMESTIC PRODUCT AT FACTOR COST (AT Current Price) 2017-18 79907
PER CAPITA NET STATE DOMESTIC PRODUCT AT FACTOR COST (Constant Prices) 2017-18 55442
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: AGRICULTURE(Current Prices)2017-18 195895 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: AGRICULTURE(Constant Prices)2017-18 117456 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: INDUSTRY(Current Prices) 2017-18 159916 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: INDUSTRY(Constant Prices) 2017-18 125801 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: MANUFACTURING(Current Prices) 2017-18 56807 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: MANUFACTURING(Constant Prices) 2017-18 49935 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: SERVICES(Current Prices) 2017-18 238985 crore
SECTORAL GROSS STATE DOMESTIC PRODUCT AT FACTOR COST: SERVICES(Constant Prices) 2017-18 177246 crore

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