AGARTALA / NEW DELHI, Sept 1 (TIWN): Even though Indian economy scored an impressive growth of 7 percent overall in Country but Tripura lagging behind in every sector from Industry, IT, Commerce to overall development under the lameduck leadership of Chit Fund scam tainted Chief Minister. The Indian economy grew 7 percent in the first quarter of this fiscal, showing signs of slowing vis-a-vis the 7.5 percent expansion in the quarter before. But the growth was much higher than 6.7 percent registered in the first quarter of the last fiscal. Tripura's financial condition in such miserable state that CM and his Finance Minister Bhanulal Saha ran out of every options other than running to Delhi with a begging bowl for central funds. Not only that, CPI-M Party and Political leadership is fully financed by the scam money from various Central Funded Projects like MGNREGA,RMSA,NRHM etc. Even though Central Govt funding huge amounts of money for Tripura but ruling party machinery and Ministers pocketing central funds via various touts like Manik Sarkar’s close aide Scamster Bimal Chakraborty (infamous for Rs 51 crore MGNREGA Scam), which resulting backwardness in every sector of State. National Manufacturing output rose by healthy 7.2 percent from 8.4 percent in the first quarter of last fiscal but none in Tripura.

On Monday, as per official data on gross domestic product (GDP) released by the Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation, showed that the growth of 7 percent was led mainly by expansion in commercial and financial services and manufacturing output.

GDP which is the aggregate market value of all the goods and services produced in the country, had expanded by 6.7 percent in the corresponding quarter of last fiscal.

"GDP at constant (2011-12) prices in Q1 of 2015-16 is estimated at Rs.27.13 lakh crore, as against Rs.25.35 lakh crore in Q1 of 2014-15, showing a growth rate of 7.00 percent," the CSO was quoted in a statement. 

"Quarterly GVA (gross value added) at constant (2011-2012) prices for Q1 of 2015-16 is estimated at Rs.25.80 lakh crore, as against Rs.24.10 lakh crore in Q1 of 2014-15, showing a growth rate of 7.1 per cent over the corresponding quarter of previous year," the statement said.

The GVA which is a gauge to measure the value of goods and services produced in a particular sector or a grouping of industries had stood at 7.4 percent in the corresponding quarter of last fiscal. 

The commercial services segment which includes trade, hotel, transport, communication and services related to broadcasting expanded the fastest in the quarter under review at 12.8-percent from 12.1 percent in the Q1 of last fiscal.

The financial services sector which comprises of industries like financing, insurance, real estate and professional services grew by 8.9 percent from 9.3 percent in the corresponding quarter of 2014-15.

However, the farm sector expanded by 1.9 percent, below the overall growth rate, and so did the mining industry (by 4 percent), energy by (3.2 percent) and construction (by 6.9 percent), and social and defence services (by 2.7 percent).

It is needless to say, as long as Manik Sarkar will stick to power alongwith with his lameduck Ministers, Tripura's economic condition will further worsen in coming years.