Bhopal (Madhya Pradesh): Madhya Pradesh’s Gross State Domestic Product (GSDP) at the prevalent price has grown by 11.05% since the last financial year (2023-24), underlining a robust economy. According to the Economic Survey of Madhya Pradesh 2024-24 tabled in the state assembly on Tuesday, the GSDP at the prevalent price reached Rs 15,03,395 crore, up from Rs 13,53,809 crore in the last financial year. Even at constant price, the GSDP in the financial year 2024-25 was Rs 7,12,260 crore, up from last year’s Rs 6,71,636, registering an actual growth of 6.05%.

Per capita net income 

The per capita net income, or the measure of the income of an individual in the state, was Rs 38,497 in 2011-12 which rose to Rs 1,52,615 in 2024-25. After adjustment of inflation, the per capita income shows a significant rise in the constant price. From Rs 38,497 in 2011-12, it rose to Rs 70,434 in 2024-25, shows the survey.

Analysis of primary, secondary, and tertiary sector

Primary Sector

The contribution of the primary sector plays an important role in the state’s economy. However, its contribution in 2024-25 declined to 44.36% from 44.55% in 2023-24. The contribution of the cereal sector was reduced to 30.90% from 31.10%. On the other hand, the contribution of the animal husbandry sector rose to 7.45% from 7.42% in the last financial year. The contribution of fisheries and aquatic farming showed a significant growth by rising from 0.52% in the last financial year to 0.57%.

Secondary Sector

Construction, electricity, gas, water supply, and other services are part of the secondary sector. In the year 2024-25, the contribution of this sector in the state economy fell to 19.03% from 19.36%. The contribution of the manufacturing sector fell to 7.05% from 7.38% in the last financial year. The construction sector’s contribution grew to 9.03% from 8.93%.

Tertiary Sector

This sector involves the service sector and its contribution in the economy rose to 36.61% from36.09% in the last financial year. The contribution of the business, hotel, and restaurant sector rose to 10.37% from 10.09% in the last financial year.