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Economic
Situation in Maharashtra State
The State economy grew by 7.1 per cent during 1999-2000. In
1999-2000 the sectoral growth rates of State Income was 4.7
per cent in Primary Sector (agriculture and allied
activities), 7.9 per cent in Secondary Sector (including
Industries) and 7.5 per cent in Tertiary Sector. The
preliminary estimates of the State Income (i.e. Net State
Domestic Product) of Maharashtra at current prices as per (new
series 1993-94) for the year 1998-99 was Rs.2,13,860 crore and
the per capita income to be Rs. 23,849. At constant (1993-94))
prices, the State Income in 1998-99 was estimated at Rs.
1,45,420 crore as against Rs.132,342 crore in 1997-98. Thus,
the State economy has registered a significant growth of 9.9
per cent in 1998-99 which is more than one and half times of
6.2 per cent growth in 1997-98.
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Agricultural
Production
The foodgrains production in the State was around 120.5 lakh
tonnes in 1999-2000, less by 5.7 per cent than that in
1998-99. The cotton (Lint) production increased by 8.7 per
cent. The oilseeds production decreased by 5 per cent and
would be 24.4 lakh tonnes. The sugarcane production is
expected to increase significantly by 18.3 per cent and
would attain a new peak at 558 lakh tonnes.
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Livestock
Production
The estimated milk production in the State in 1998-99 was 56.1
lakh tonnes. This was 8 per cent more than the estimated
production of 51.9 lakh tonnes in 1997-98. The estimated eggs
production (in number ) in 1998-99 was 294 crore showing an
increase of 6.21 per cent over the production of 277 crore in
1997-98. The estimated meat production was 203 thousand tonnes
in 1998-99 which was more by 2 per cent than the production of
199 thousand tonnes in 1997-98.
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Industrial
Production
From the available indications for the first nine months of
the current financial year 1999-2000, it is surmised that
the industrial production (manufacturing )in the State
during this period is expected to register an increase of
about 6.9 per cent. The corresponding increase in the
earlier year i.e. 1998-99 was 5.4 per cent.
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Power
Generation
During 1999-2000, upto February, 2000, the generation of
electricity in the State was 57,427 million KWH which was 9.2
per cent higher than that in the corresponding period of
1998-99. During the current year 1999-2000, on 15th February,
2000 the peak demand of 11,367 MW was met with 1,082 MW load
shedding. The total generation of electricity in the State
during 1998-99 was 57,973 million KWH and was higher by 4.7
per cent than that in the previous year. The overall
electricity consumption in 1998-99 was 51,695 million KWH and
was higher by 4.1 per cent than that in the previous year. As
on 31st March, 1999, the number of agricultural pumpsets
energised stood at 22.10 lakh.
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Employment
According to factory statistics the average daily factory employment
in the State at the end of June, 1999 was 12.36 lakh. Employment
provided under the Employment Guarantee Scheme (EGS) during
April-December, 1999, was 7.82 crore mandays as against 6.32 crore
mandays provided during the corresponding period of the previous
year. In addition to this, under the Jawahar Gram Samrudhi Yojana ad
Employment Assurance Scheme, employment of 3.12 crore mandays was
provided during the period April to December, 1999. The number of
new registrations in Employment and Self Employment Guidance Centres
in 1998-99 was 7.85 lakh showing an increase of 12.6 per cent over
that of the previous year. The number of persons on live register of
Employment and Self Employment Guidance Centres as at the end of
December, 1999 was 41.84 lakh.
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Scheduled
Commercial Banks
The total number banking offices (branches) of Scheduled Commercial
Banks in the State as on 30th June, 1999 were 6,209, which accounted
for 9.5 per cent of the total banking offices in the country. The
aggregate deposits of these Scheduled Commercial banks in the State
at the end of June, 1999 were Rs. 1,33,246 crore which were higher
by 9.4 per cent than those in the previous year. During the same
period total credits were increased by 16.9 per cent to Rs. 96, 262
crore.
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Small
Savings
Under the Small Savings Scheme, during the year 1999-2000, by
the end of December, 1999, the net collection in the State was
Rs. 3,512 crore as against Rs. 2,882 crore for the
corresponding period of the earlier year. During the year
1998-99, the net collection was Rs. 4,609 crore as against the
target of Rs. 4,000 crore. The net Small Savings collection
during 1997-98 was Rs. 4,209 crore. |
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Credit
by Primary Agricultural Societies.
The primary agricultural credit societies advanced loans to
the tune of Rs. 2,236 crore during 1998-99. The amount of
loans recovered during 1998-99 was Rs. 1,796 crore which was
60.7 per cent of the amount due to recovery as against 56.1
per cent in the previous year. The loans overdue at the end of
1998-99 were Rs. 1,164 crore.
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Price
Situation
For the first ten months of 1999-2000, the price situation in
the state was similar to that of All India. The Consumer Price
Index Numbers compiled separately for the urban and rural
areas of the State reveal that during April 1999 to
January,2000 the rate of increase in prices decelerated
continuously to reach negative level in the months of
November-December, 1999. This rate was the record low for last
two decades. |
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Literacy
Rate
Based on recent National Sample Survey results, the estimated
literacy rate (for the popu+lation aged seven years and above) in
the State for the year 1999 was 75 per cent.
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Fly-overs
By the end of January,2000, out of proposed 55 fly-overs in Mumbai
Metropolitan Area, 29 fly-overs are opened for traffic.
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