Guwahati , June 22: Ever wondered which district in Nagaland has the largest economy and which has the smallest one? Well, the answer is out, now.
Dimapur district has the largest economy in Nagaland with a Gross District Domestic Product (GDDP) value of Rs. 5,43,611 lakh during 2019-20, while Longleng is the smallest with a value of Rs. 62,112 lakh.
Dimapur district has the highest per capita income with a value of Rs. 1,54,002 while Mon has the lowest amongst the districts with a value of Rs. 77,738.
All these revelations were made in Nagaland’s District Domestic Product (DDP) report, which is the first of its kind in the North East region.
Advisor for Economics & Statistics, H. Sethrongkyu Sangtam, released the first report on the District Domestic Product of Nagaland during the one-day state-level workshop to promote the User Producer Interface on Gross State Domestic Product (GSDP) and District Domestic Product (DDP) held at Capital Convention Centre, Kohima on Friday, which was organised by the Directorate of Economics & Statistics.
Speaking as the Guest of Honour, Advisor for Economics & Statistics, H. Sethrongkyu Sangtam, stated that Gross State Domestic Product (GSDP) was the most important indicator of economic level. He informed that the GSDP of Nagaland at present was estimated to be Rs. 39,566 crore with a growth rate of 7.73%. Emphasising the importance of Gross State Domestic Product, he said the GSDP estimate is used by the Ministry of Finance for the devolution of funds to the states. He also said that as per the Finance Commission’s recommendation, state governments are allowed to borrow 3% of the estimated GSDP from financial institutions.
Sethrongkyu stated that the District Domestic Product (DDP) report will help address the inter-district economic disparity in the State, bring about balanced regional development, and realize the economic potential of each district.
He added that the 16th Finance Commission will use the estimates to establish the principles governing the grant-in-aid provision to the states. He stated that to avail of grants, urban local bodies’ revenue collection should be commensurate to the simple average growth rate of the state’s own GSDP at current prices. He said that the availability of reliable socio-economic data is essential towards achieving the Prime Minister’s vision of Viksit Bharat (Developed India).
Nagaland Chief Secretary, Dr. J. Alam, highlighted the issue of regional disparity and mentioned that the DDP will help in dispelling the 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.
Special invitee, Additional Director & Head, National Accounts Division, Ministry of Statistics & Programme Implementation, Government of India, Dr Prafulla Chandra Mishra, said that the District Domestic Product report will play a crucial role in the achievement of the aspirational district and also in local development. He also highlighted on the importance of comparative analysis of the performance of the state. Dr Mishra congratulated the Department for being a model and releasing the District Domestic Product report.
Addressing the gathering, Commissioner and Secretary, of Economics & Statistics, Mohammad Ali Shihab, said the introduction of the DDP is a significant step towards understanding the economic dynamics at the district level and addressing regional disparities. He further said the workshop aims to promote the user-producer interface and enhance the understanding of GSDP and DDP among various stakeholders.
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 and District Domestic Product (DDP) held at Capital Convention Centre, Kohima on Friday, which was organised by the Directorate of Economics & Statistics.){kind=link}