Jharkhand budget 2020-21
Economic outlook of Jharkhand
GDP
The growth rate of Jharkhand’s GDP was 7% in 2018-19. In comparison, GDP grew at 12.7% in 2017-18.
Different sectors of economy
In 2018-19, agriculture, manufacturing, and services contributed to 24%, 30% and 46% to the economy. In the same year, these sectors grew by 3.5%, 3.8%, and 8.2%, respectively.
Per capita GDP
The per capita GDP of Jharkhand in 2018-19 was Rs 82,430, 9.5% higher than the corresponding figure in 2017-18.
Revenue deficit
The budget estimates a revenue surplus of Rs 1,993 crore (or 0.5% of GSDP) in 2020-21. The 14th Finance Commission had recommended that states should eliminate revenue deficit. The 15th Finance Commission did not suggest any revenue deficit grants for Jharkhand since it has been consistently witnessing a revenue surplus.
Budget 2020-21 allocations for Education sector
- Jharkhand has allocated 16.5% of its total budget for education in 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube