1. Andhra Pradesh registers 10.5% GSDP growth

Andhra Pradesh registers 10.5% GSDP growth

Andhra Pradesh has registered a growth rate of 10.5% in Gross State Domestic Product (GSDP) in the current fiscal despite severe financial constraints.

By: | Hyderabad | Published: February 23, 2016 1:15 AM

Andhra Pradesh has registered a growth rate of 10.5% in Gross State Domestic Product (GSDP) in the current fiscal despite severe financial constraints. Its growth in 2014-15 was 8.39% at constant prices and a double-digit growth was realised in the first year itself. The state is aiming for 15% growth in 2016-17, while focusing on economic development and social sector development, leading to inclusive double-digit growth, according to chief minister N Chandrababu Naidu.

Addressing the inaugural session of a conference of district collectors in Vijayawada, he said despite constraints, the state achieved 10.5% growth. He asked the collectors to focus on inclusive growth to achieve a 15% target in 2016-17.

“Inclusive growth is important and per capita income should also increase. Economic inequalities have to be reduced. Long-term sustainability is vital. Your focus should be on this,” Naidu said.

He added that there would be no compromise in implementing welfare programmes though there was focus on development.

  1. V
    Varun Reddy
    Feb 23, 2016 at 8:35 pm
    if we continue listening to this fellow he might even say 10% of india GDP comes from AP alone itself,such a CM who never keeps his promises done before polls will never win again.
    Reply

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