SHIMLA, March 6 -- Hit by the Covid-19 pandemic, Himachal Pradesh's economy is likely to contract by 6.2% in the current fiscal, according to the Economic Survey, 2020-21, presented in the assembly by chief minister Jai Ram Thakur.
The hill state went into strict lockdown in March last year to curb the spread of coronavirus, shutting down all economic activity.
The economy had grown by 8.9% in the previous year.
The per capita income at current prices is estimated to drop by 3.7% to Rs.1,83,286 as compared to the estimated Rs.1,90,407 in 2019-20.
The state budget will be presented on Saturday.
The survey projected that growth in the agriculture and livestock sectors is set to decline by 3.1% due to a decrease of 43% in horticulture pro...