The Hindu Business Line : Services sector contributes 50% of AP’s GSDP

Hyderabad, Feb. 6 The services sector continues to be the biggest contributor to Andhra Pradesh Gross State Domestic Product (GSDP) accounting for about 49.05 per cent followed by industries (26.30 per cent) and agriculture (24.65 per cent).

The Survey of Socio Economic Trends and State Plan 2009-2010 presented by the State Finance Minister, Mr K. Rosaiah, to the Legislature outlined some of the major economic trends.

Per capita income

The per capita income of Andhra Pradesh at current prices is Rs 35,864 as against the All-India per capita income of at Rs 33,283. The per capita income has more than doubled for all-India and the State during 2000-2001 and 2007-2008.

According to crop estimates, the production of foodgrains in the State is estimated to be 179.01 lakh tonnes in 2008-2009 (second advanced estimate) as against the production of 198.17 lakh tonnes in 2007-2008, registering fall in overall output.

The production of rice is expected to be 131.13 lakh tonnes in 2008-2009 (133.24 lakh tonnes) .

Power sector

Referring to the power sector, the survey pointed out that the installed capacity, including Central sector is 12, 423 MW as of September 2008. During 2008-2009, the State Government provided a tariff subsidy of Rs 1,182 crore and the total subsidy provided to the agriculture sector, including cross subsidy, is Rs 3,033crore.

The information technology sector recorded a growth of 41 per cent in 2007-2008 achieving exports of Rs 26,122 crore. This sector contributed to 52 per cent of total exports from all sectors in the State.

The State contributed about 15 per cent of the national IT exports and ranked fourth in IT performance in the country. The IT sector created additional employment of 51,500 with the cumulative employment of 2,39,000.

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