AP achieves 11.77% growth rate
Andhra Pradesh, a state without the capital, is zooming to achieve the target of 12 per cent annual growth rate. Backed by good performance by agriculture and allied sectors, the state posted a 9.72 pc growth in first quarter and 13.94 pc in the second. And the performance in the first half reached 11.77 pc against the target of 10.62 pc. This is according to the “Quarterly Performance Assessment Report Q2 (July-September) 2015,” released by chief minister Chandrababu Naidu today in the Collectors’ conference held at Vijayawada.
The state government is currently working on the comprehensive Double Digit Growth Plan to achieve a per-capita income over Rs. 10 lakh by 2029-30.The growth target for 2015-16 at constant prices stands at 10.8%. There is a swift upward surge in the Agriculture & allied sectors which have registered a phenomenal growth rate at 47.1% at Constant prices. Fisheries and Livestock are the main contributors for the significant growth not only in Agriculture but also to overall GSDP.