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The sunrise AP is growing, growing
The Sunrise AP Is Growing, Growing. Andhra Pradesh is on the anvil of a growth chart and a growing GSDP at over 12% in spite of the financial constraints and huge revenue deficit in the face of a dwarfed central release towards state capital building.
Andhra Pradesh is on the anvil of a growth chart and a growing GSDP at over 12% in spite of the financial constraints and huge revenue deficit in the face of a dwarfed central release towards state capital building.
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The Gross State Domestic Product (GSDP) of Andhra Pradesh in current financial year is expected to grow at over 12 per cent to Rs.5,20,300 crore. Provisional estimates, at current prices and based on advanced estimates, indicate that it will grow at 12.3 per cent over the Rs.4,64,183 crore in 2013-14.
Finance Minister Yanamala Ramakrishnudu told the Assembly on Thursday that the GSDP is estimated at Rs.2,64,521 crore in the current fiscal. This will be a growth of 7.21 per cent compared to the GSDP of Rs.2,46,724 crore in 2013-14.
Ramakrishnudu said at constant prices, the agriculture, industry and services sectors have shown a growth of 5.90, 5.25 and 8.48 per cent respectively during 2014-15.
On per capita income at current prices for 2014-15, Andhra Pradesh Finance Minister said that as per provisional estimates it is expected to be Rs.90,517 as against Rs.81,397 in 2013-14. This will be a growth of 11.21 per cent.
