Jharkhand's Finance Minister Dr. Rameshwar Oraon during the presentation of the economic survey said that Jharkhand's GSDP is less than two percent of the country's GDP and the growth has been declined from the past two years. Due to the pandemic, there has been talk of compaction in the production value of other sectors except for agriculture, forestry, fishing, electricity, gas, water supply.
The Jharkhand government on Wednesday presented its Economic Survey Report in the Assembly ahead of Budget 2022 in the state. In which it estimated growth of 8.8 percent in its real Gross State Domestic Product (GDP) in the current year.
The Economic Survey details that the state has shown adequate resilience to recover from the loss including economic recovery from the effects of the COVID-19 pandemic. The survey report was presented by Finance Minister Rameshwar Oraon said in which he said, ''It is estimated to record 8.8 percent growth in its real Gross State Domestic Product (GDP) the current financial year (2021-22). The GSDP of the state grew at an average annual rate of 8 percent per annum in the first five years of its formation (between 1999-2000 and 2004-05), then at the rate of 6.6 percent between 2004-05 and 2011-12 and at 6.2 percent between 2011-12 and 2018-19.''