Uttarakhand Economy: Growth and Challenges

Author:P. N. Tiwari1*, Neha Joshi2

Abstract:
A development vision for the state should include both human and economic aspects along with environmental conservation. Also crucial for social development is the development of women, youth, and children. Therefore, to change the situation of economic and social backwardness in the hill districts, it is important to adopt a well-articulated strategy that on the one hand pursues a clearly stated vision and on the other offers practical suggestions to move forward in the given context of Uttarakhand. The economic policy in India has shifted to issues of equitable growth. This implies that the economy should not only maintain the tempo of growth but also spread the benefits of growth to all sections of the population and geographical regions of the country. This change in approach is particularly important for the hilly regions of the country, as they constantly struggle with underdevelopment, even when the rest of the economy is doing well. This paper analyses the problems of a relatively new state in the hills, Uttarakhand, and particularly the reasons for stagnation in the hilly regions of the state. It also examines the policy priorities that can enable the state to achieve inclusive growth. This study proposes a strategy for a planned approach to rapid and inclusive growth of the hill districts. The development of agriculture and an agriculture-based system that is linked with the growth of industries and tourism can be the way towards inclusive development of the hill regions. This, along with a watershed approach, is proposed as an efficient way to improve land productivity and sustain it. New opportunities are available through the use of quality seeds suitable for hill agriculture and multi cropping systems combined with animal husbandry through cattle rearing, poultry, fishing, bee-keeping, etc. Organic farming and agri-based employment opportunities need to be encouraged. The processing of fruits and vegetables, vocational training for youths, and banking and insurance in the service sector can provide livelihood security and support. Development of all these areas along with infrastructure development and better education facilities can be a direction for sustainable development of the hill regions for better quality of life to the inhabitants and to help halt migration from villages.

Keywords:Key Words: Inclusive growth, Uttarakhand economy, Infrastructure.

DOI:10.46333/ijtc/9/2/12

International Journal of Trade & Commerce (Vol: 9 Issue:2)