Chhattisgarh’s GSDP Projected to Grow 7.51% in FY 2024-25, Per Capita Income to Reach ₹1.62 Lakh

Raipur, Feb 28: Chhattisgarh’s economy is poised for significant growth, with the Gross State Domestic Product (GSDP) at constant prices projected to expand by 7.51% in the fiscal year 2024-25, according to the Economic Survey Report presented in the state assembly on Friday. The per capita income is expected to rise to ₹1,62,870, reflecting a 9.37% increase from the previous fiscal year.

Economic Growth Overview​

The Economic Survey, tabled by Planning, Economics and Statistics Department Minister OP Chaudhary, highlighted that the state's GSDP at constant prices (base year 2011-12) is projected to reach ₹3,29,752 crore in FY 2024-25. This marks an increase from ₹3,06,712 crore in FY 2023-24, based on quick estimates.

At current prices, the GSDP is anticipated to grow by 10.89%, reaching ₹5,67,880 crore in FY 2024-25, up from ₹5,12,107 crore in the previous fiscal year.

Sector-Wise Performance​

The report also provided insights into sectoral growth, indicating steady expansion across agriculture, industry, and services:

• Agriculture & Allied Sectors (including agriculture, livestock, forestry, and fishing) are expected to grow by 5.38%.
• Industry Sector (comprising mining, quarrying, construction, manufacturing, and utilities like electricity, gas, and water supply) is forecasted to expand by 6.92%.
• Service Sector is projected to witness the highest growth at 8.54%, surpassing its FY 2023-24 performance.

Per Capita Income on the Rise​

The per capita Net State Domestic Product (NSDP) at current prices is set to increase from ₹1,48,922 in FY 2023-24 to ₹1,62,870 in FY 2024-25. This 9.37% rise underscores improved economic prosperity in the state.

The latest Economic Survey highlights robust growth across key sectors, reinforcing Chhattisgarh’s economic resilience. With a strong performance in services and steady industrial expansion, the state’s economic trajectory for FY 2024-25 remains promising.