Economy

KRISHNA DISTRICT ECONOMY

Introduction

The importance and significance of gross root level planning and decentralized planning at Mandal level is being increased day by day, and to prepare the decentralized planning, it is very essential to have proper data on various development indicators. Among them, estimates of Mandal Domestic Product or Mandal income are one of the core indicators. The Mandal Per Capita Income estimate helps the planners to compare among inter Mandal variations, which helps to examine the Mandal disparities and to prepare proper plans for the development of the Micro Level (i.e. Mandal Level). With gradual improvement in the availability of the basic data over the years, a comprehensive review of methodology for Mandal income has constantly been under taken with a view to update the data base.

Concepts and Definitions

Mandal Domestic Product (MDP) is defined as the sum of the economic value of all goods and services produced or rendered within the specific geographical boundaries of the Mandal without duplication during a specified period of time, usually a year.

Economic Sectors

In order to estimate the Mandal Domestic Product, the economy is broadly categorized into three sectors viz.,

  1. Agriculture & Allied Sector
  2. Industry Sector
  3. Service Sector

Agriculture Sector

       Agriculture Sector includes

  • Agriculture
  • Livestock
  • Forestry & Logging
  • Fishing

Industry Sector

     Industry Sector includes

  • Mining & Quarrying
  • Manufacturing (Registered & Unregistered)
  • Electricity, Gas & Water Supply
  • Construction

Service Sector

     Service Sector includes

  • Trade, Hotels and Restaurants
  • Railways
  • Transport by other means and Storage
  • Communications
  • Banking and Insurance
  • Real Estates, Ownership of dwelling and Business Services
  • Public Administration
  • Other services

Current Prices

Mandal Income Estimates are prepared at current prices with new base year 2011-12. The Mandal Domestic Product Estimates at Current Prices are obtained by the goods and services produced during the year 2015-16.

Limitations

Apart from the Agriculture Sector and Manufacturing Sector, the availability of Mandal level data in respect of other sectors is inadequate. Maiden attempt is made on pilot basis to calculate the Mandal Domestic Product (MDP). These estimates for the year are purely provisional and will be revised as and when more reliable and firm data is available.

Comparative GVA and Growth Rates of Krishna District and State – Base Year 2011-12

Sector 2016-17 (FRE) 2017-18 (AE)
District State % of District Share in the State District State % of District share in the State
Agriculture Value 29161
207881
14.03
36073
252847
14.27
  Growth Rate
30.71
    23.70
   
Industry
Value
11629
145150
8.01
13071
162482
8.04
Growth Rate
9.11
    12.41
   
Service Value
35251
281711
12.51
39685
320380
12.39
  Growth Rate
15.74
    12.58
   
Total
Value
76040
634742
11.98
88829
735709
12.07
  Growth Rate
19.89
    16.82
   
Per Capita Income (In Rupees)
  163815
123664
  189121
142054
 

 

Sector_GVA

SectorYear