What is the contribution of the secondary sector in Jharkhandâ??s State Value Added at constant prices in 2019-20? (A) 32.8% (B) 28.2% (C) 28.9% (D) 12.5%

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Points to Remember:

  • Jharkhand’s State Value Added (SVA) at constant prices reflects the contribution of different economic sectors to the state’s overall economic output.
  • The secondary sector encompasses manufacturing, construction, and electricity generation.
  • Accurate data from official sources is crucial for determining the sector’s contribution to SVA.

Introduction:

Jharkhand’s economy is characterized by a diverse sectoral composition, with contributions from agriculture, industry, and services. Understanding the contribution of each sector to the State Value Added (SVA) at constant prices is crucial for policy formulation and economic planning. The secondary sector, encompassing manufacturing, construction, and electricity, plays a significant role in Jharkhand’s economic growth, particularly given its rich mineral resources. This question requires us to identify the percentage contribution of the secondary sector to Jharkhand’s SVA at constant prices in 2019-20, using a factual approach based on official statistics.

Body:

Determining the Secondary Sector’s Contribution:

To answer this question, we need to consult official data sources such as the Economic Survey of Jharkhand or the publications of the Ministry of Statistics and Programme Implementation (MOSPI), Government of India. These reports provide detailed breakdowns of SVA by sector at constant prices. Unfortunately, without access to these specific reports, we cannot definitively determine the precise percentage contribution of the secondary sector to Jharkhand’s SVA in 2019-20. The options provided (A) 32.8%, (B) 28.2%, (C) 28.9%, and (D) 12.5%) represent potential figures, but their accuracy cannot be verified without accessing the primary data source.

Importance of the Secondary Sector in Jharkhand:

Regardless of the precise percentage, the secondary sector is undeniably crucial for Jharkhand’s economic development. The state possesses abundant mineral resources (coal, iron ore, bauxite), which form the backbone of its industrial activity. The manufacturing sector, particularly in steel, cement, and other mineral-based industries, contributes significantly to employment and revenue generation. The construction sector also plays a vital role, driven by infrastructure development and industrial expansion. The electricity sector is essential for powering these industries and supporting overall economic activity.

Challenges Facing the Secondary Sector:

Despite its potential, the secondary sector in Jharkhand faces several challenges. These include:

  • Infrastructure Gaps: Inadequate infrastructure, including transportation and power supply, hampers industrial growth.
  • Environmental Concerns: Mining activities often lead to environmental degradation, requiring sustainable practices.
  • Skill Development: A lack of skilled labor can limit productivity and competitiveness.
  • Regulatory Hurdles: Complex regulations and bureaucratic processes can hinder investment and growth.

Conclusion:

Without access to the official data for Jharkhand’s SVA in 2019-20, we cannot definitively select one of the provided options (A, B, C, or D). However, we can conclude that the secondary sector plays a vital, albeit potentially challenging, role in the state’s economy. Its contribution to SVA is substantial, driven by its mineral-rich resources and industrial activities. To enhance the sector’s contribution and ensure sustainable development, Jharkhand needs to focus on improving infrastructure, promoting sustainable mining practices, investing in skill development, and streamlining regulatory processes. A holistic approach that balances economic growth with environmental protection and social equity is crucial for achieving sustainable and inclusive development in Jharkhand, aligning with the principles of constitutional values and ensuring a brighter future for its citizens.

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