Andhra Pradesh’s GSDP grows 1.58 per cent in FY 2020-21, says Socio Economic Survey

By: |
May 19, 2021 5:27 PM

The government released a five-page salient features of the SES highlighting all the welfare schemes being implemented in the state.

It said while the countrys GDP growth rate was -3.8 per cent, APs grew at the rate of 1.58 per cent.

The gross state domestic product of Andhra Pradesh registered a growth of 1.58 per cent at current prices as per the advance estimates for the 2020-21 financial year, the Socio-Economic Survey has revealed. Chief Minister Y S Jagan Mohan Reddy released the SES 2020-21 at his camp office, in the presence of Finance Minister Buggana Rajendranath, here on Wednesday. The government released a five-page salient features of the SES highlighting all the welfare schemes being implemented in the state.

It said while the countrys GDP growth rate was -3.8 per cent, APs grew at the rate of 1.58 per cent. The Per Capita Income increased to Rs 1,70,215 in 2020-21 from Rs 1,68,480 the previous year, the SES said. In the implementation of Sustainable Development Goals of the United Nations, the state improved its rank from four in 2018 to three in 2019 (latest) overall among states.

In the latest (2019) rankings by NITI Aayog, AP secured first rank in implementing two SDGs clean water and sanitation and peace, justice and strong Institutions. AP stood second in four other SDGs: good health, decent economic growth, climate change and life below water. The state secured third rank in No Poverty, the SES said.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1China’s economic growth weakens amid construction slowdown
2Capital formation: States maintain robust capex pace, so do CPSEs
3Early Q2 results boost hopes of firm recovery; retailers, banks signal nascent pick-up in consumption