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Haryana overtakes Punjab in evolving its service sector

Staff Correspondent

Share of industrial sector in the GDP of northern States up by 2 per cent

CHANDIGARH: While Haryana has overtaken Punjab in evolving itself as a service-oriented economy, moving away from an agrarian base, the overall share of the industrial sector of the Northern Region (NR) States in the Gross Domestic Product (GDP) during the decade between 1993-94 and 2003-04 has increased by 2 per cent as compared to 0.7 per cent at the national level.

These trends were revealed in a study, on the emerging trends in Gross State Domestic Product (GSDP), by the Northern Region of the Confederation of Indian Industry (CII), which comprises the Union Territory of Chandigarh and the States of Delhi, Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Rajasthan, Uttar Pradesh and Uttaranchal.

The study, whose findings were released to media on Friday, revealed that the industrial sector, especially the manufacturing, construction, power and water grew by 5.4 per cent. Construction enjoyed the highest growth rate of 6.1 per cent followed by manufacturing, which accounted for 5.3 per cent. In absolute terms, the industrial sector grew from Rs 47,556 crores to Rs 80,434 crores during the decade.

In Haryana the services sector increased its share from 31 to 42 per cent while the share of agriculture and allied sectors fell from 43 to 30 per cent.

Punjab also showed similar trends, though it remained more agrarian with nearly 40 percent of GSDP coming from the agriculture and allied sector in 2003-04. Himachal Pradesh too has started to mature into an industrialised State, with the industrial sector increasing its share by nine percentage points.

The State-level analysis revealed that Delhi increased its share in the region's GDP from 10.2 to 14 per cent. Jammu & Kashmir, Punjab, Uttar Pradesh and Uttaranchal, however, grew at a rate lower than the national average of 5.3 per cent.

Meanwhile, Chandigarh continued to enjoy the highest Per Capita Income (PCI) of Rs 34,308.00 at 1993-94 prices, nearly three times that of the national level. Delhi ranked second with a PCI of Rs 32,003.00. Haryana, Punjab and Himachal Pradesh also recorded PCI higher than the national level.

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