CM Naidu Project AP has a GSDP of $2.4 trillion and per capita income of $42,000 to 2047-48
Vijayawada: Chief Minister N. Chandrababu Naidu has released the AP’s forecast for total state gross domestic product (GSDP) and per capita income (PCI) on Monday in fiscal 2047-48.
Therefore, the growth rate of AP is expected to be 13.76%, with GSDP of Rs 380 crore (USD 2.4 trillion) and PCI
55,00,000 rupees ($42,000).
CM presents the economic growth forecast for 2023-24-2047-48, which is prepared by the state Bureau of Economics and Statistics and Planning Department.
Therefore, between 2047-48 and 2047-48, the agriculture and allied sector is expected to grow from 4,48,382 crore to 52,56,052 crore in 2023-24. Similarly, the industry will grow from Rs 319,869 crore to Rs 74,000,83 crore; by 2047-48, the service will range from Rs 5,47,338 crore to Rs 155,888,91 crore.
In this way, the GDP for 2023-24 was registered at 14,220,94 crore in 2023-24 at 3,08,11,722 crore in 2048, and the per capita GDP was registered at 2,66,995 crore in 2023-24 at 2023-24, which was 54,60,60,748 Crore, 204,748 Crore in 2047-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-48-4
As part of the AP economic growth rate, accordingly, the growth rate of GSDP is 2014-15 to 2023-24: Rs 5.225 crore-1.307 billion cents in 2014-15; Rs 6.04 crore-15.1% in 2015-16; Rs 6.84 crore-13.27% in 2016-17; Rs 7.86 crore-14.86% in 2017-18; Rs 8.47 crore-11.14% in 2018-19; Rs 8.47 crore-11.14% in 2019-20-2022 crore-5.97% in 2020-21 crore-21; 2021-22 rupees 1132 crore-15.64%; 2022-23 rupees 130 crore-15.71%; and 2023-24 rupees 1422 crore-8.6%.
The average growth rate of GSDP was 13.49%, compared with the growth rate of 2014-19 and 2019-24, respectively. CM claimed: “As a result, AP lost Rs 7 billion due to the decrease in growth. If the continued 13.5% growth rate continues, AP will receive an additional revenue of Rs 761.9 billion.
