Kohima: Nagaland has become the first state in the North Eastern region to release the District Domestic Product (DDP) report. The report, released during a one-day workshop organized by the Directorate of Economics and Statistics, was presented by advisor for Economics & Statistics and IT and C, H. Sethrongkyu Sangtam.
He highlighted the importance of the GSDP as an indicator of economic development and stated that it is used by the Ministry of Finance for devolution of funds to states.
Sangtam also highlighted the need for reliable socio-economic data and stated that the DDP report will help address inter-district economic disparity and bring about balanced regional development.
Dimapur district has the largest economy with a GDP value of over Rs 5,43,611.00 lakh during 2019-20, while Longleng is the smallest with a value of Rs 62,112.00 lakh. Dimapur also has the highest per capita income with a value of Rs1,54,002.00, while Mon has the lowest amongst the districts with a value of Rs 77,738.00.
Chief Secretary, J. Alam, acknowledged the improvement in the quality of data being published by the Department and commended their efforts. He highlighted the issue of regional disparity and mentioned that the DDP will help dispel wrong perceptions about the state.
He requested the Additional Heads of Departments (AHoDs) and Heads of Departments (HoDs) to maintain a strong interface with the Statistics Department, ensuring that the data they supply is as accurate as possible and promptly provided.
Additionally, Prafulla Chandra Mishra, ISS, added that the DDP report will play a crucial role in achievement of aspirational districts and also in determining the allocation of funds to states.
ALSO READ: Insufficient rainfall and excessive heat impact tea production in Assam and West Bengal
FIRST Business Portal addressing the potential of business capability of North East Region.
