The Chairman of the 15th Finance Commission, N K Singh, said today that the full potential of Jharkhand’s economy is nowhere near realisation.
“Expectations with which the separate state was created 18 years ago, for it becoming a fast-growing state and rapidly catching up fast-growing economy that expectation remains unrealised”, he said.
The Finance Commission chief said the number of the people below the poverty line in absolute terms continues to be alarmingly high.
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It is near 27 per cent to 28 per cent with some districts of the state have a much higher index of poverty. And this situation has to be changed, he added.
Singh said we have also noticed that till about 2010/11 there has been a broad adherence to the target of fiscal deficit and other financial indicators of fiscal discipline. Although in the last about three years there has been deterioration on both fiscal deficit and debt.
In the latest PAI-Governance In States, 2018 Index, This Is How Jharkhand Fared On The Following Parameters
- Education, Health & Protection Of Children– Ranked right at the bottom-30 out of 30 States.
- Infrastructure: Power, Water, Roads Housing- 26/30 States.
- Human Development: Education, Health, Life Expectancy– 27/30 States.
- Crime, Law & Order– 29/30 States.
- Environment– 26/30 States.
- Delivery Of Justice– 28/30 States.
A BJP government has been in power in Jharkhand for over 65% of the time since the State was created.
(With inputs from PTI)