AP growth rate witnesses upward trend in first quarter of 2025-26 Registers 10.5% growth rate

Andhra Pradesh growth rate (GSDP) witnessed an upward trend registering a growth of 10.50 per cent in first quarter of 2025-26 financial year, higher than national average of 8.8 per cent.

Expressing happiness over the double digit growth, Chief Minister N Chandrababu Naidu said efforts should be made to achieve 17.1 per cent growth rate in the financial year with continuous monitoring of all sectors.

The Chief Minister conducted a review on GSDP at his camp office here today. Speaking on the occasion he opined that with long coastline and abundant natural resources, there is a vast scope for achieving 25 per cent growth rate. He said officials should focus on growth in sectors including transport, insurance, real estate and several other sectors.

The planning officials informed the Chief Minister that the industries sector registered highest growth rate of 11.91 per cent, Service sector 10.70 per cent and agricultural sector 9.60 per cent.

Coming to agricultural sector in the first quarter of the financial year the growth rate stands at 6.65 per cent in live stock, Fishing and aquaculture registered 14.52 per cent growth with Rs 32,110 crore, meat production 8 per cent growth with increased production of 3.41 lakh metric tonnes and eggs production increased 67,450 lakh from 62,157 lakh.

The Industries sector including mining and quarrying netted a revenue of Rs.10,686 crore with 43.54 per cent growth, manufacturing sector 9.93 per cent with Rs 40,515 crore, construction 9.57 per cent with Rs 31,550 crore.

The service sector including trade,hotels and restaurants registered highest of 17.92 per cent growth with Rs 25,702 crore, real estate and professional services 11.70 per cent with Rs 34,324 crore, tourism sector 17.08 per cent. The number of tourists increased to 8.07 crore from 6.89 crore earlier. The number of air passengers also increased to 15.85 lakh from 13.09 lakh registering a growth of 21.1 per cent.