Andhra Pradesh has achieved a growth rate of 11.39% for 2017-18 as against the target of 15.66%. The growth rate, however, is up by 1.04% compared to 2016-17. The all-India growth rate stood at 6.4% during 2017-18 and 7.1% during 2016-17.
Chief Minister N. Chandrababu Naidu released the performance appraisal and district economic scenario for 2017-18 at the 16th Collectors’ conference on Tuesday.
The report said the Gross State Domestic Product (GSDP) had increased to ₹6,07,388 crore from ₹5,46,104 crore in 2016-17. Maharashtra stood a distant first with ₹24.97 lakh crore in 2017-18. Uttar Pradesh stood second with ₹12.39 lakh crore followed by Karnataka with ₹12.69 lakh crore.
The AP’s GSDP growth was 11.22%. In fact, all the districts had crossed double digit growth except Srikakulam which achieved 9.25%. Krishna, Visakhapatnam, East and West Godavari districts were identified as high potential districts as they had contributed 52.90% to the GSDP.
Krishna district topped in the State with the highest per capita income of ₹1,89,121 while Srikakulam is at the bottom of the pyramid with ₹99,792. The State PCI stood at ₹1,42,054. Chittoor, home district of Mr. Naidu, registered a PCI of ₹1,35,008.
Andhra Pradesh stood fourth among eight States that released the PCI data in 2017-18. Haryana, Maharashtra, Kerala, Karnataka, Gujarat, Telangana, Tamil Nadu and Punjab were ahead of Andhra Pradesh with regard to the PCI in 2016-17.
Failed targets
The government could not achieve the targets for agriculture, industry and service sectors. All the three sectors registered growth rate above the national’s.
The service sector had been showing a declining trend. The growth rate, which was 10.78% in 2015-16, came down to 9.11%. On the other hand, the service sector growth rate was 8.2% up from 7.1% in 2016-17.
The agriculture and allied sectors also failed to meet the targets though the growth rate was higher compared to last year. The horticulture and livestock sectors individually showed declining trend. Agriculture and forestry and logging sectors per se had improved from negative to positive growth rates though the targets were not achieved.
