Chandigarh emerging as highly developed city-state

Chandigarh, Apr 18 (UNI) The Gross State Domestic Product of the Union Territory of Chandigarh shows it is emerging as a highly developed city-State of the world, Time Series Data compiled by the Department of Statistics said.

The services sector is emerging as a predominant contributor to the Gross State Domestic Product with its contribution increasing from 79.89 per cent to 84.28 per cent at constant prices.

A reverse trend is visible in the development of secondary sector (industry) and contribution of primary sector.

There was a decline in the contribution of secondary sector (industry) in the same period from 17.69 per cent to 14.76 per cent.

The contribution of primary sector to the total Gross State Domestic Product which was 1.33 per cent in 1999-2000 is now 0.71 per cent in 2005-06 at constant prices.

Them datas reveal that the city is emerging as a regional hub for services sector. This has been possible due to large number of initiatives taken up by the Chandigarh Administration in the areas of Information Technology, trade liberalization, promotion of tourism etc. This is also leading to faster and bigger generation of employment opportunities among the city youth and improving of standard of living of the citizens.

UNI