Governor Highlights Andhra Pradesh’s Economic Vision

28 Feb 2025 CW Team

Economic Growth & Sectoral Performance Despite facing "innumerable troubles" over the last five years under the previous administration, Andhra Pradesh’s economy has expanded to Rs 16 trillion, up from Rs 14.22 trillion in the previous year, registering a nominal growth rate of 12.94%.

Per capita income has increased to Rs 268 million, up from Rs 237 million last year. Sector-wise growth: Agriculture & allied activities: 15.86% Industries: 6.71% Services: 11.70% The s committed to realising the vision of ‘Swarnandhra Pradesh 2047’, focusing on education, healthcare, and infrastructure to uplift the standard of living and drive economic progress.

Governance & Revival of Centrally Sponsored Schemes Governor Nazeer highlighted the government’s commitment to accountable governance, stating that in the last eight months, it has made significant strides in reversing the misgovernance of the past.

Revived 74 out of 93 Centrally Sponsored Schemes, which had been discontinued by the previous regime, by clearing liabilities worth ?9,371 crore. This revival has triggered fresh fund releases from the Central Government, ensuring financial stability for future projects. Cleared bills worth Rs 101 billion related to irrigation, roads, and other infrastructure projects, boosting economic activity. Boosting Investments & Industrial Growth The state is attracting investments from global and domestic giants, solidifying Andhra Pradesh’s reputation as a preferred investment destination.

Top investors include: Google ArcelorMittal Steel Company Tata Power Greenko Group BPCL TCS Investment pledges worth Rs 6.5 trillion have been secured, with the potential to generate over 4 lakh jobs across various sectors. ‘Zero Poverty’ Initiative & P4 Development Model The Andhra Pradesh government has embarked on an ambitious mission to eradicate poverty, aligning with the broader vision of Swarna Andhra @2047.

The Public-Private-People Partnership (P4) model, conceptualised by Chief Minister N. Chandrababu Naidu, is central to this approach. High-Net-Worth Individuals (HNIs) will mentor and support economically weaker sections, ensuring a structured and sustainable approach to poverty alleviation. The P4 model aims to mobilise the top 10% of the population to uplift the bottom 20%, ensuring equitable growth and social transformation. Path Forward: Andhra Pradesh’s Development Roadmap With strong economic indicators, revived welfare schemes, large-scale investments, and a people-centric development approach, Andhra Pradesh is on track to becoming a model state for growth and inclusive development.

By leveraging strategic investments, targeted welfare initiatives, and sustainable development policies, the state is laying the foundation for long-term prosperity, reinforcing its commitment to building Swarnandhra Pradesh by 2047.

Addressing both houses of the State Assembly on the first day of the budget session in Amaravati, Governor S. Abdul Nazeer outlined Andhra Pradesh’s economic progress and the government’s development roadmap. Economic Growth & Sectoral Performance Despite facing innumerable troubles over the last five years under the previous administration, Andhra Pradesh’s economy has expanded to Rs 16 trillion, up from Rs 14.22 trillion in the previous year, registering a nominal growth rate of 12.94%. Per capita income has increased to Rs 268 million, up from Rs 237 million last year. Sector-wise growth: Agriculture & allied activities: 15.86% Industries: 6.71% Services: 11.70% The s committed to realising the vision of ‘Swarnandhra Pradesh 2047’, focusing on education, healthcare, and infrastructure to uplift the standard of living and drive economic progress. Governance & Revival of Centrally Sponsored Schemes Governor Nazeer highlighted the government’s commitment to accountable governance, stating that in the last eight months, it has made significant strides in reversing the misgovernance of the past. Revived 74 out of 93 Centrally Sponsored Schemes, which had been discontinued by the previous regime, by clearing liabilities worth ?9,371 crore. This revival has triggered fresh fund releases from the Central Government, ensuring financial stability for future projects. Cleared bills worth Rs 101 billion related to irrigation, roads, and other infrastructure projects, boosting economic activity. Boosting Investments & Industrial Growth The state is attracting investments from global and domestic giants, solidifying Andhra Pradesh’s reputation as a preferred investment destination. Top investors include: Google ArcelorMittal Steel Company Tata Power Greenko Group BPCL TCS Investment pledges worth Rs 6.5 trillion have been secured, with the potential to generate over 4 lakh jobs across various sectors. ‘Zero Poverty’ Initiative & P4 Development Model The Andhra Pradesh government has embarked on an ambitious mission to eradicate poverty, aligning with the broader vision of Swarna Andhra @2047. The Public-Private-People Partnership (P4) model, conceptualised by Chief Minister N. Chandrababu Naidu, is central to this approach. High-Net-Worth Individuals (HNIs) will mentor and support economically weaker sections, ensuring a structured and sustainable approach to poverty alleviation. The P4 model aims to mobilise the top 10% of the population to uplift the bottom 20%, ensuring equitable growth and social transformation. Path Forward: Andhra Pradesh’s Development Roadmap With strong economic indicators, revived welfare schemes, large-scale investments, and a people-centric development approach, Andhra Pradesh is on track to becoming a model state for growth and inclusive development. By leveraging strategic investments, targeted welfare initiatives, and sustainable development policies, the state is laying the foundation for long-term prosperity, reinforcing its commitment to building Swarnandhra Pradesh by 2047.

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