Andhra Pradesh posts a growth of 16.22% over the previous year

Chief Minister Y.S. Jagan Mohan Reddy releases Socio Economic Survey 2022-23

The Gross State Domestic Product (GSDP) at current prices for the year 2022-23 (Advance Estimates) is estimated at ₹13,17,728 crore against ₹11,33,837 crore for the year 2021-22 (First Revised Estimates).

It has resulted in a net addition of ₹1,83,891 crore to the State’s economy, which is encouraging the economic growth trajectory, as per the statistics revealed by the Socio Economic Survey of Andhra Pradesh.

In 2022-23, as per Advance Estimates, the State posted a growth of 16.22% over the previous year.

Chief Minister Y.S. Jagan Mohan Reddy released the Socio Economic Survey 2022-23 at his chambers in the Legislative Assembly on Wednesday.

Finance Minister Buggana Rajendranath, Chief Secretary K.S. Jawahar Reddy, Planning Secretary (ex officio) G. Vijay Kumar and other officials were present.

Agriculture recorded a growth of 36.19%, Industry 23.36%, and Services 40.45%.

The State posted a record growth of 7.02% at Constant Prices (2011-12) against the country’s growth of 7%.