The per capita income in Andhra Pradesh for 2014-15, at current prices, is estimated at ₹90,517 as against ₹81,397 in 2013-14, registering a growth of 11.21 per cent.
State Finance Minister Yanamala Ramakrishnudu released the Advance Estimates of Gross State Domestic Product (GSDP) for 2014-15, compiled by the Directorate of Economics and Statistics (DE&S) with 2004-05 as a base year.
The advance estimate of GSDP for 2014-15 at constant (2004-05) prices works out to ₹2,64,521 crore, a growth of 7.21 per cent over ₹2,46,724 crore in 2013-14.
The advance estimates at current prices are ₹5,20,030 crore showing a growth rate of 12.03 per cent over the previous year 2013-14 of ₹4,64,184 crore.
In spite of scanty rainfall, a drought-affected situation in some mandals and the Hudhud cyclone, a positive growth on the whole was observed in all sectors, according to a statement from the Finance Minister.
The agriculture sector’s contribution at constant (2004-05) prices for the year 2014-15 is ₹63,414 crore, a growth of 5.90 per cent over the previous year’s estimates of ₹59,879 crore. Industry’s contribution for 2014-15 is estimated at ₹51,771 crore, up 5.25 per cent over ₹49,187 crore in 2013-14.
The services sector’s contribution is estimated at ₹1,49,336 crore, up 8.48 per cent against ₹1,37,658 crore in 2013-14.
These are not comparable with the All-India estimates as the latter is compiled with New Base Year (2011-12).