According to the state's Socio-Economic survey, Andhra Pradesh's economy grew by 16.22% between 2022 and 2023. According to the report presented by chief minister Y.S. jagan Mohan reddy on Wednesday, ap State experienced growth in 2022–23 of 16.22% over the prior year, according to Advance Estimates. In comparison to the year 2021–2022, the anticipated GSDP at current prices for 2022–2023 (AE) is Rs. 13,17,728 crore (FRE). The state economy saw a net increase of Rs. 1,83,891 crore.

According to Planning Secretary Vijay Kumar, andhra pradesh has made the most economic improvement in the nation. Agriculture and related industries saw the fastest growth overall, at 13.18%. (Gross Value Added growth rate at current prices). Fisheries expanded at 19.41%, followed by agriculture alone at 20.72%. The socioeconomic survey found that the industrial sector had growth at a rate of 16.36%. The growth rate for the services sector was 18.91%.

Also, it was discovered that andhra pradesh posted a record increase in 2021–2022, of 7.02 percent at constant prices (2011–2012), outpacing the national growth of 7. percent. According to Vijay Kumar, andhra pradesh has a greater per capita income than the national average. Andhra Pradesh's per capita income rose by Rs 26,931 in a year, from Rs 1,92,587 in 2021–22 to Rs 2,19,518 in 2022–23 at current prices. In 2021–2022, the growth rate of per capita income (PCI) (at current prices) was 13.98%. The per capita income for the entire country of india in 2022–23 increased by Rs 23,476 to Rs 1,72,000 from Rs 1,48,524 in 2021–22.

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G GOWTHAM

17/03/2023 03:30 AM