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The economy of Andhra Pradesh is one of the fastest growing economies in India, with growth outstripping that of the wider Indian economy in the past few years. The GSDP at constant (2011-12) Prices for the year 2018-19 (Advance Estimates) is estimated at Rs.850,000 crores as against Rs.4,90,134 crores for 2015-16 (First Revised Estimates) indicating a growth of 11.61%. Per Capita Income at current prices increased to Rs.1,22,376 from Rs.1,08,163 in 2015-16 registering a growth of 13.14 percent. The economy is primarily dependent on agriculture, which directly and indirectly employs 62% of the population . The state has been ranked the best state in ease of doing business in the country by the World Bank Andhra Pradesh chief minister N Chandrababu Naidu today said his government has envisaged an investment of USD 2-4 trillion for the development of Amaravati, the greenfield capital city. Addressing a gathering after listing the 'Amaravati Bond' on the Bombay Stock Exchange today, he said raising funds is not a problem if there is proper decision making and execution mechanism in place. "Our infrastructure -1.24 % development plans need USD 2-4 trillion.
About the author
Dr.N. Sreeramulu MA, PhD has been working as faculty in the Dept of political science and public Administration in the College of Arts, S.v.university. Dr Morusu Siva Sankar, MBA, M.Sc (IT), M.Tech, M.Com, PhD and Post Doctoral Fellow (UGC) from S.V.University. He has been working for S.V.U. college of Engineering, Tirupati, A.P, India.
