गुजरात राज्य बजट 2001-02 विश्लेषण

मुख्य बातें

• Gujarat's 2001-02 budget was dominated by the Rs 13,000 crore Bhuj earthquake reconstruction effort — the costliest natural disaster response in Indian state history at that time.
• Revenue receipts stood at approximately Rs 14,800 crore, with tax revenues under severe strain as commercial activity in Kutch and parts of Saurashtra ground to a halt.
• Capital expenditure surged to Rs 4,200 crore, nearly double the previous year, driven by emergency housing reconstruction and infrastructure rebuilding.
• The Gujarat State Disaster Management Authority was established with a dedicated budget line of Rs 500 crore for institutional capacity building.
• Fiscal deficit widened to 4.0% of GSDP as the state borrowed heavily from multilateral agencies including the World Bank and ADB for quake rehabilitation.
• Over 1 million houses were damaged or destroyed in the earthquake; the state committed Rs 6,000 crore for owner-driven housing reconstruction.
• Surat's diamond and textile industries remained resilient, contributing Rs 3,500 crore in commercial taxes and partially offsetting the Kutch revenue collapse.
• Central government provided Rs 3,800 crore in earthquake relief grants under the National Calamity Contingency Fund.
• Mundra port development continued despite the earthquake, with Adani Group committing Rs 1,500 crore for Phase 1 construction.
• Keshubhai Patel government allocated Rs 2,000 crore for road and bridge reconstruction across 7 affected districts.
• Interest payments consumed Rs 3,360 crore — roughly 23% of revenue receipts — reflecting accumulated debt from the late 1990s fiscal expansion.
• Total outstanding debt reached Rs 43,500 crore with a debt-to-GSDP ratio of 28.2%, elevated but manageable given the extraordinary reconstruction needs.
• Agriculture output fell 8% in earthquake-affected areas, prompting Rs 800 crore in emergency crop loss compensation and cattle feed distribution.