Andhra Pradesh economy and Per Capita Income (PI) have been growing after the NDA Government came to power in the State in July last year, according to Andhra Pradesh Governor Syed Abdul Nazeer.
Addressing both houses of the State Assembly on the first day of the budget sessions in Amaravati on Monday, the Governor said the State had undergone ‘innumerable troubles’ in the last five years in the rule of the previous government.
According to him, Andhra Pradesh’s economy has expanded to Rs 16 lakh crore, up from Rs 14.22 lakh crore last year with a nominal growth rate of 12.94 percent ``Our per capita income has also increased to ₹2.68 lakh, up from ₹2.37 lakh in the previous year. This progress is powered by strong performances across all key sectors—agriculture and allied activities have grown at 15.86%, industries at 6.71 percent and services at 11.70 percent.,’‘ Nazeer said.
The State Government was working towards realising the dream of ’Swarnandhra Pradesh’ by 2047 with focus on education, health and other key areas, he said adding the per capita had gone up after the new government came to power in July last year.
The State Government had a firm belief in giving opportunity of all in the state to serve better and create wealth for themselves and state, Nazeer, said.
The Government was working towards all round development in the State by implementing welfare schemes under super six schemes, the Governor said.
In the past eight months, my government has taken significant strides in getting the State back on track from the previous misrule and misgovernance towards the path of development through an accountable and good governance. We have revived 74 out of 93 Centrally Sponsored Schemes which were stopped by the previous regime, by clearing liabilities of Rs. 9,371 crores.,’‘ the Governor said.
``This has triggered further releases from the Government of India for current and future years. To revive the economic activity and rebuild confidence on Brand Andhra Pradesh we have cleared Bills of Rs. 10,125 crores relating to irrigation, roads and other works,’‘ he added.
Investments
The Government was attracting global giants like Google, ArcelorMittal Steel Company, Tata Power, Greenko Group, BPCL, TCS, and others with to invest in the state. “To date, investors have pledged investments of Rs. 6.5 lakh crore, with an employment potential of over 4 lakh jobs,’‘ he said.
Zero poverty
Achieving zero poverty in the next few years through empowering individuals and families was a prerequisite in the journey of Swarna Andhra @2047, he said adding the government was on a ‘unique’ approach for poverty alleviation, where High-Net-worth Individuals (HNIs) will handhold the needy and deprived.
To achieve the objective of community upliftment, AP Government as adopting a novel P4 approach - Public-Private-People Partnership, conceived by Chief Minister N Chandrababu Naidu.
“By engaging the top 10 percent our population to support the bottom 20 percent, the new approach ensures targeted assistance for the most vulnerable sections of society, paving the way for sustainable pathways out of poverty,’‘ the Governor said.