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.