Geography of Puducherry - Economy - Macro-economic Trend

Macro-economic Trend

This is a chart of trend of gross state domestic product of Puducherry at market prices estimated by Ministry of Statistics and Programme Implementation with figures in millions of Indian rupees.

Year Gross State Domestic Product
1980 1,840
1985 3,420
1990 6,030
1995 13,200
2000 37,810
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Puducherry's gross state domestic product for 2004 is estimated at $2 billion in current prices. The potential for fisheries is substantial in the Union Territory. The four regions of the Union Territory have a coastline of 45 km with 675 km2 of inshore waters, 1.347 ha of inland water and 800 ha of brackish water. There are 27 marine fishing villages and 23 inland fishing villages with fishermen population of about 65,000 of which 13,000 are actively engaged in fishing. Irrigation tanks and ponds are also tapped for commercial fish rearing.

The Railways play a vital role for speedy economic growth. The entire cost towards execution of the new broad gauge line for 10.7 km from Karaikal to Nagore would now be funded by the Ministry of Railways and work has already been awarded on turn key basis for laying the new railway line in a period of 18 months.

The present availability of power is about 400 MW. The demand is likely to increase with the development of Port, Special Economic Zone, other industrial development, trade, commerce etc. The Government has decided to expand the Pondicherry Airport so that air services can be improved gradually over the years, to land aircraft like ATR-42 and Boeing 737NG, in order to meet the growing demand for air travel. A MoU has already been signed with Airports Authority of India for expansion of Pondicherry Airport in two phases.

Read more about this topic:  Geography Of Puducherry, Economy

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