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Dimapur has largest economy with GDDP valued at Rs. 5,43,611 lakh: Report

DDP
  • Nagaland GSDP estimated at Rs 39,566 cr
  • DES holds workshop to promote user producer interface on GSDP

KOHIMA, JUNE 21: The commercial hub of Nagaland – Dimapur has the largest economy in Nagaland with a Gross District Domestic Product (GDDP) valued at Rs. 5,43,611 lakh during 2019-20 while Longleng is the district with the smallest economy with a GDDP value of Rs. 62,112 lakh.
In term of Per Capita Income, again Dimapur district is the highest with a value of Rs. 1,94,514, followed by Longleng district with a value of Rs. 1,54,002, whereas Mon district is the lowest amongst the district with the value of Rs. 77,738.
The figures were provided by the Directorate of Economics & Statistics Nagaland in its first report on District Domestic Product (DDP) of Nagaland, which was released by Advisor for Economics & Statistics, IT&C and Evaluation, H Sethrongkyu Sangtam during the inaugural function of the 1-day State Level workshop to promote user producer interface on GSDP & DDP at Capital Convention Centre here.
Speaking on the occasion, Sangtam said the importance of Gross State Domestic Product (GSDP) and DDP are the ‘pulse monitors of the economy’ at the State and districts.
“It is extremely vital to monitor the pulse of the economy in order to usher in economic prosperity for the citizens of the State and also to contribute to the economic progress of the nation”, he said.
GDSP is the most important indicator to know the level of development achieved by an economy, he said.
Nagaland’s GSDP at present is estimated at Rs. 39,566 crore with a growth rate of 7.73%, he said, adding that the GSDP estimate is used by the Ministry of Finance for devolution of funds to the States.
He also said that in order to avail grants, the urban local bodies’ revenue collection should be commensurate to the simple average growth rate of the State’s own GSDP at current prices.
Expressing happiness that the Department has released the first report on Nagaland’s DDP, he said it is therefore a Red Letter Day for his Department, for having demonstrated an enhanced technical capacity by being the first among the North Eastern States to estimate and publish DDP.
This report has strengthened the data reporting capability of the Department especially at the district level, as it has also provided due advantages to the Department as the sole agency to have owned a well documented statistical data which can serve as a catalyst for decentralisation of policy making at the District, he said.
As the present Government under the leadership of Chief Minister, Neiphiu Rio, endeavours to strengthen an effective policy making in the State so that the State, along with the rest of the nation, also progresses towards the honorable Prime Minister’s vision of Vikshit Bharat (developed India), an availability of reliable socio-economic data is essential, he said.
The report will be of immense utility in addressing the inter-district economic disparity in the State, which makes it a timely report as the Government is endeavouring to bring about balanced regional development by realizing the economic potential of each district, while simultaneously addressing the economic challenges of each district, he said.
Chief Secretary J Alam acknowledged the significant improvement in the quality of data being published by the Department and commended their efforts. He emphasized the negative impact of data when it is understated or overstated due to inaccurate figures, leading to grievances when data is not properly projected.
Highlighting the issue of regional disparity, he said the DDP will help in dispelling the wrong perceptions about the state.
Alam also requested the Administrative Heads of Departments and Heads of Departments to maintain a strong interface with the DES to promptly provide the data required in an accurate manner.
Special invitee of the workshop, Additional Director and Head of National Accounts Division, Ministry of Statistics & Programme Implementation, Government Dr. Prafulla Chandra Mishra stated that GSDP is the pulse monitor of a State’s economy and it is an important criterion for devolution of funds to the States.’
It measures the performance of the State’s economy, he said, adding that the DDP report will play a crucial role in achievement of the aspirational district and also in local development.
Dr. Mishra congratulated the Department for being a model and releasing the DDP as the first not only in the Northeast region but among many other States of the country.
Addressing the gathering, Commissioner & Secretary, Economics & Statistics, IT& CP, Mohammad Ali Shihab emphasized the importance of accurate and quality data for informed policy-making and development planning.
He requested the officials of line Departments to provide full access of data to officials of the DES attached with the Departments.
Delivering the welcome address, DES Director, Neidilhou Keditsu said that the State Government was making a huge effort to create a system for robust estimation of GSDP.
He said the efficiency in data collection, transparency in data utilization and transmission of data adequately is crucial for a sound economy. He further stated that to attain the State Government’s targets in making the State’s economy sizable, the workshop was organised to produce an impact to deliver the goods.
The day-long workshop had 3 technical sessions on the importance of regional accounts and overview of GSDP with Deputy Director General, National Accounts Division, MoSPI, Dr. Subhra Sarker and Joint Director, National Accounts Division, Shirke Shrinivas Vijay as resource persons while DES Deputy Director Vikosieto Krose dwelled on DDP.
(Page News Service)

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