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Andhra GSDP growth ahead of nation

Andhra GSDP growth ahead of nation

Andhra GSDP growth ahead of nation

Visakhapatnam Chief Minister Y.S. Jagan Mohan Reddy on Wednesday released the socio-economic survey for the State for 2020-21. On the State economy, the survey says as per the advance estimates for the year 2020-21, the GSDP growth of AP at current prices is 1.58 per cent against the nation's growth of – 3.8 per cent.

The per capita Income of Andhra Pradesh at current prices increased to Rs.1,70,215 in 2020-21 from Rs.1,68,480 in 2019-20. All India per capita income for 2019-20 stands at Rs.1,34,186.

On industry and industry and infrastructure, the survey says 75 per cent jobs for local youth are made mandatory in all industries to be set up in the State. Incentives have already been announced to benefit industrialists from SC and ST communities under 'YSR Jagananna Badugu Vikasam'

Under Dr Y.S.R Navodayam" program – a new ecosystem for MSMEs is being created. The greenfield Uyyalawada Narasimha Reddy Airport at Orvakallu, Kurnool has been made operational. Four non-major ports at Machilipatnam, Bhavanapadu Kakinada SEZ and Ramayapatnam are under process of development.

On sustainable development goals (SDGs), the survey says the UN has sponsored 17 SDGs to be achieved by the year 2030. AP improved its position from fourth in 2018 to rank third in 2019-the latest in overall SDG ranking among States in the country.

In the latest (2019) rankings of NITI Aayog, AP secured first rank in two SDGs - goal-6 (clean water and sanitation) and in goal-16 (peace, justice and strong institutions). AP secured second rank in four SDGs: goal- 3 (good health), goal (decent economic growth), climate change and life below water. AP secured third rank in SDG goal-1 (no poverty).

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