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J khand s economy to grow by 9 5% in 2021-22: Survey | Ranchi News

Ranchi: Jharkhand’s economy is likely to shrink by 6.9% in the current fiscal but is expected to recover in the new financial year (FY) and expected to grow by 9.5%, the Jharkhand Economic Survey 2020-21 has projected. The 432-page survey report, prepared by the state government’s Centre for Fiscal Studies (under the department of planning cum finance), was tabled in the assembly by finance minister Rameshwar Oraon on Tuesday. The report said Jharkhand s real gross state domestic product (GSDP) was battered by the Covid-19 pandemic and is expected to contract by 6.9% from the 2019-20 FY. GSDP is the sum total of value added by different economic sectors (agriculture, industry & services) produced within the boundaries of the state calculated without duplication during a year. It is one of the measures of economic growth for a state s economy.

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