Tripura GDP higher than national growth: State finance minister Pranajit Singha Roy

The Gross State Domestic Product (GSDP) of Tripura is higher than the national growth rate and is expected to grow at 8.95 per cent in Financial Year 2023-24, said Finance Minister Pranajit Singha Roy.

Speaking in a press conference this afternoon, Minister Singha Roy said, “India's GDP is growing at 7 per cent in FY 2022-23 whereas GSDP of Tripura State is growing at 8.80 per cent in FY 2022-23 which is higher than the national growth rate. Tripura's GSDP is expected to grow at 8.95 per cent in FY 2023-24”.

He further said that the total amount of Supplementary Grant is Rs 3065.37 Crore for FY 2022-23 while Votes-on-Account is taken for an amount of Rs 9066.56 Cr for 1st four months of Financial Year 2023-24.

Also Read: Tripura: CPI(M) MLAs have better seating arrangements in Assembly, says TIPRA Motha leader Animesh Debbarma

“State's Own Tax Revenue is expected to grow at 14.67 per cent in FY 2022- 23. It is expected to get an amount of Rs. 3000 Cr in FY 2022-23”, the minister told reporters.

Singha Roy said that under Suvarna Jayanti Tripura Nirman Yojana 169 projects worth of Rs. 596 Crore were sanctioned and similarly under Special Assistance Capital, 115 projects worth of Rs. 699 Cr were sanctioned during the current year (FY 2022-23). All projects are in different stages of implementation.

The minister further informed that the state government has fulfilled most of the commitments mentioned in the Vision document and said that for an increase of investment in the Capital and Socioeconomic Sector, 7 (seven) Externally Aided Projects have been cleared by GOI (Rs. 8174 Cr) and those are at stages of implementation and 7 (seven) more are in the pipeline (Rs.3025 Cr).

The state government also introduced an online salary billing system. No paper bill is submitted for a salary of State Government Employees.