Gujarat part of Economic Survey 2017-2018 Report

New Delhi: The Economic Survey of India (ESI) 2017-18 was tabled in parliament on Monday. Following are the Gujarat parts of the report:

Gujarat part of the Economic Survey 2017-2018 report

-The state-wise share of the total GST base. The top states are Maharashtra (16 percent), Tamil Nadu (10 percent), Karnataka (9 percent), Uttar Pradesh
(7 percent), and Gujarat (6 percent). Each state’s share in the GST base is almost perfectly correlated (coefficient of 0.95) with its share in overall GSDP. So the biggest tax bases still seem to be in the biggest producing states.

-The share of Maharashtra’s and Gujarat’s tax base under the GST is lower than their share of manufacturing. But because these two states also have a significant presence in services, their tax base share remains in line with their share of GSDP. Overall, the data seem to suggest fairness and balance in the GST outcomes.

-For the first time in India’s history it is possible to know the state- wise distribution of international exports of goods and services. Five states—Maharashtra(22.3%), Gujarat(17.2%), Karnataka(12.7%), Tamil Nadu(11.5%), and Telangana(6.4%)—in that order account for 70% of India’s exports.

-The five largest exporting states are Maharashtra, Gujarat, Haryana, Tamil Nadu and Karnataka;

-The five largest importing states are Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka and Gujarat;

-The states with the largest internal trade surpluses are Gujarat, Haryana, Maharashtra, Odisha and Tamil Nadu.

-Maharashtra, UP, Tamil Nadu and Gujarat are the states with the greatest number of GST registrants. UP and West Bengal have seen large increases in the number of tax registrants compared to the old tax regime.

-The all-India average of land tax collection is boosted by the collections in States like West Bengal and Gujarat which are doing much better in this regard.

-Several states—notably Kerala, Maharashtra, Karnataka, Gujarat and West Bengal—are consistently improving on the front of the share of revenues assigned to local governments vis-à-vis expenditure assignments.

-The Indo-Gangetic plain, and parts of Gujarat and Madhya Pradesh are well irrigated. But parts of Karnataka, Maharashtra, Madhya Pradesh, Rajasthan, Chattisgarh and Jharkhand are still extremely vulnerable to climate change on account of not being well irrigated.

-Temperature increases have been particularly felt in the North-East, Kerala, Tamil Nadu, Kerala, Rajasthan and Gujarat. Parts of India, for example, Punjab, Odisha and Uttar Pradesh have been the least affected.

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