During and after the state division, Andhra Pradesh was left with no surplus budget and the states economic resources were poor as compared to the newly formed Telangana state.
However, things changed drastically under AP CM Nara Chandrababu Naidu’s resign and now, as per the official reports released by the ruling party, Andhra Pradesh is on a fast track move in terms of development and the state’s GDP growth rate has now surpassed the entire country’s growth rate in GDP.
The reports stated to AP recorded a GDP growth rate of 9.72% as against the country’s overall GDP growth rate of 7.1% in the financial years first quarter. This achievement, as the party’s sources claim, is through Chandrababu’s relentless efforts in accelerating developmental reforms which placed the state on the progressive track once again.
The numbers published in the party reports for the first financial quarter are as follows, Agriculture (12.52%), Industries (7.19%), Services (10.15%), Animal Husbandry (11.29%) and Fisheries (11.24%). With the ambitious developmental plans in various sectors in Amaravati and across the state, the Chief Minister is hell-bent on placing Andhra Pradesh on the global map in the coming few years.