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Pune, July 27: Pune�s per capita gross domestic product (GDP) is about Rs 46,000 which is 50 per cent higher than the country�s per capita income. It is higher than Hyderabad�s and on par with Bangalore�s. Also, Pune has the least income disparity between its rich and poor, says the Environmental Status Report for 2005-06 released by the Pune Municipal Corporation on Thursday.
The GDP, underlining the size of the city�s economy and its standard of living, can trace a direct correlation with its IT boom and sizeable investment in the automobile, electronic, software, bio-technology, large and small-scale companies. It is also emerging as a prominent centre for BPO companies.
The projected software export is estimated at Rs 9,000 crore in 2006-07, up from Rs 7,500 crore last year. While 109 IT companies have made their offices in Pune, another 100 companies are in the process of setting up base here. The overall industrial sector too has witnessed a boom time with 1,700 new companies setting up base here � a 25 per cent growth.
The educational sector has also helped the city�s economic growth. Pune has attracted about 8,000 foreign students from 62 countries and this migration has resulted in a significant surge in business - hotels, garments, stationery, theatres and transport.
This has translated to higher tax collection, service tax and income tax. Service tax collected in 2005-06 is Rs 630 crore, a 85 per cent rise as compared to the previous year. Similarly, income tax collection has increased by 27 per cent and stands at Rs 6,710 crore. I-T officials have pegged the current year�s collection target at Rs 8,414 crore.
The flip side though is the rising population that is threatening to spoil the city�s party. In the past five years, the estimated growth in the population is 24 per cent � up from 23,76,900 in 2001 to 31,87,800 in 2005. Similarly, the migrating population has doubled over the past five years from 43,900 in 2001 to 88,200 in 2005.
Pune is a thriving base for horticulture and floriculture activities. It is also emerging as an agri-business centre with daily transaction of Rs two crore. This includes fruits, vegetables and groceries.
The city has about 6,000 licensed vendors of vegetables and fruits.
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