Wednesday, Mar 26 2025 | Time 09:27 Hrs(IST)
States » SouthPosted at: Mar 25 2025 10:01PM


AP aims to achieve USD 2.4 trillion economy by 2047

Vijayawada, Mar 25 (UNI) Andhra Pradesh Principal Finance Secretary Peeyush Kumar on Tuesday highlighted that Andhra Pradesh State has devised a one-year action plan, estimated the necessary resources and set clear targets.
Addressing the Collector’s conference at Amaravati near here, Secretary Peeyush Kumar presented the Swarnandhra Vision and GSDP growth strategy, outlining a structured approach to development that has said that aims to achieve 15 percent growth per annum.
"The goal is to achieve a USD 2.4 trillion economy with a per capita income of USD 42,000 by 2047. To support this, Andhra Pradesh aims to grow its population from 5.3 crore to 5.8 crore, attain a 100 percent literacy rate, and increase life expectancy to 85 years. Similarly, on the economic front, the State should achieve a GSDP of Rs 308 lakh crore and Per Cap GSDP of Rs 55 lakh," the Principal Secretary asserted.
The state’s economic blueprint includes raising GSDP from Rs 15.93 lakh crore to Rs 18.65 lakh crore by 2025-26 and adding Rs 15 lakh crore to the GSDP by 2029 through investments totaling Rs 40 lakh crore, he revealed. To achieve these objectives, significant sectoral investments are required over the next five years: Rs 5.85 lakh crore in agriculture, Rs 11.97 lakh crore in industries, Rs 19.52 lakh crore in services, and Rs 9.29 lakh crore in public investment, he acknowledged.
Looking ahead, the state aims for a per capita GSDP of Rs 5,460.748 crore by 2047-48. The GVA sub-sector contributions will focus on agriculture and allied sectors, industry, and the service sector. Particular attention will be given to the growth of agriculture, including fisheries, horticulture, and livestock, as well as industries and the service sector, especially tourism, he mentioned.
The Collector’s conference marks a significant step toward transforming Andhra Pradesh into a global economic powerhouse through strategic planning, investment mobilisation, and administrative excellence.
UNI DP XC SS
Tags: #AP aims to achieve USD 2.4 trillion economy by 2047
More News

SBI employees donate over Rs 37 lakh to Telangana Armed Forces Flag Day fund

26 Mar 2025 | 3:27 AM

Hyderabad, Mar 25 (UNI) Jishnu Dev Verma, Governor of Telangana and Chairman of the Armed Forces Flag Day Fund, received a cheque of Rs 37,16,500 from the employees of State Bank of India (SBI) LHO Koti towards the Telangana State Armed Forces Flag Day Fund.

see more..

ICFAI Incubator and T-Hub partner to boost innovation and entrepreneurship

26 Mar 2025 | 2:59 AM

Hyderabad, Mar 25 (UNI) ICFAI Incubator and T-Hub Foundation have signed a Memorandum of Understanding (MoU) at the ICFAI Hyderabad campus to strengthen the startup ecosystem and support technology-driven student entrepreneurs across India.

see more..

Hyd: AINEF condemns Delhi police action against women journalist

26 Mar 2025 | 2:21 AM

Hyderabad, Mar 25 (UNI) The All India Newspaper Employees Federation [AINEF] on Tuesday condemned the Delhi Police action in which a woman journalist's camera was forcibly taken away by a cop and another woman journalist faced misbehaviour from the lawkeepers in the national capital.

see more..

Riyas unveils Kerala Tourism’s new theme song

26 Mar 2025 | 1:58 AM

Thiruvananthapuram, Mar 25 (UNI) Aiming to rebrand the state’s tourism, Kerala on Tuesday brought out a new theme song for the sector after a decade.

see more..

Nenmara twin murder case: SIT files chargesheet against alleged accused Chenthamara

26 Mar 2025 | 1:30 AM

Palakkad, Mar 25 (UNI) The Kerala police on Tuesdays submitted the chargesheet in the Nenmara twin killing case, slapping murder charges against the 58-year-old accused Chenthamara, for allegedly hacking to death two members of a neighbour's family in Palakkad district.

see more..