Economy

INTRODUCTION

The importance and significance of gross root level planning and decentralized planning at Mandal level is being increased day by day, and to prepare the decentralized planning, it is very essential to have proper data on various development indicators. Among them, estimates of Mandal Domestic Product or Mandal income are one of the core indicators. The Mandal Per Capita Income estimate helps the planners to compare among inter Mandal variations, which helps to examine the Mandal disparities and to prepare proper plans for the development of the Micro Level (i.e. Mandal Level). With gradual improvement in the availability of the basic data over the years, a comprehensive review of methodology for Mandal income has constantly been under taken with a view to update the data base.

CONCEPTS AND DEFINITIONS

Mandal Domestic Product (MDP) is defined as the sum of the economic value of all goods and services produced or rendered within the specific geographical boundaries of the Mandal without duplication during a specified period of time, usually a year.

ECONOMIC SECTORS

In order to estimate the Mandal Domestic Product, the economy is broadly categorized into three sectors viz.,

  • Agriculture & Allied Sector
  • Industry Sector
  • Service Sector

I. AGRICULTURE SECTOR

       Agriculture Sector includes

  • Agriculture
  • Livestock
  • Forestry & Logging
  • Fishing

II. INDUSTRY SECTOR

     Industry Sector includes

  • Mining & Quarrying
  • Manufacturing (Registered & Unregistered)
  • Electricity, Gas & Water Supply
  • Construction

III. SERVICE SECTOR

     Service Sector includes

  • Trade, Hotels and Restaurants
  • Railways
  • Transport by other means and Storage
  • Communications
  • Banking and Insurance
  • Real Estates, Ownership of dwelling and Business Services
  • Public Administration
  • Other services