Growth rate of GSDP, per capita income in A.P. fell after TDP demitted office in 2019, says Finance Minister
The Hindu
The fiscal policy statement tabled by Finance Minister Payyavula Keshav in Andhra Pradesh Legislative Assembly on November 22 (Friday) revealed startling facts on key economic indicators of the State.
The fiscal policy statement tabled by Finance Minister Payyavula Keshav in Andhra Pradesh Legislative Assembly on November 22 (Friday) revealed startling facts on key economic indicators of the State.
According to the statement, the growth rate of the Gross State Domestic Product (GSDP) at constant prices (2011-12) came down to 3.7% in 2019-20 (the year Telugu Desam Party demitted office) from 5.36% in 2018-19 and 10.09% in 2017-18. The growth rate was 10.09% in 2017-18 and 8.34% in 2016-17 at constant prices.
Similarly, the growth rate of the GSDP at current prices came down to 5.97% in 2019-20 from 11.14% in 2018-19. The growth rate at current prices in 2017-18 was 14.87% and 13.27% in 2016-17.
The growth rate at constant prices further fell to 1.52% in 2020-21 (third revised estimate-TRE), during the YSR Congress Party’s (YSRCP) tenure in the State. However, it recovered in 2021-22 (second revised estimate- SRE) to 9.56%, and fell again to 5.81% during 2022-23 (first revised estimate-FRE). The advance estimate (AE) for 2023-24 is 7.35%.
The growth rate at current prices fell to 5.70% during 2020-21 (TRE) and shot up to 17.36% during 2021-22 (SRE). The growth rate again came down 13.50% during 202-23 (FRE) and it is expected to be 10.44% during 2023-24(AE).
The statement concerning the Per Capita Income (PCI) at constant prices indicated that the PCI growth rate fell to 1.59% in 2019-20 from 5.50% in 2018-19. The growth rate was 6.21 per cent in 2016-17, and 9.63 per cent in 2017-18. The growth rate further declined to 0.35 per cent in 2020-21 (TRE), during the YSRCP rule. The growth rate, however, picked up to 9.72 per cent in 2021-22 (SRE) and fell to 4.05 per cent in 2022-23 (FRE). The AE for 2023-24 is 7.2 percent.
The PCI growth rate at current prices fell to 4.10% in 2019-20 from 11.38% in 2018-19. The growth rate was 11.74% in 2016-17 and 14.60% during 2017-18. The PCI growth rate increased to 4.82% in 2020-21 (TRE) and 17.35% in 2021-22 (SRE). It fell to 11.49% in 2022-23 (FRE). The AE for 2023-24 is 10.28%.
German Chancellor in India: Follow live updates from The Hindu on January 12, 2026
Pendants and brooches packed with artificial intelligence abounded at the Consumer Electronics show
Donald Trump claims the title 'Acting President of Venezuela' in a Truth Social post following Nicolás Maduro's capture.
Explore the debate on lowering the age of consent in India, balancing adolescent autonomy with protections against exploitation.
Tejashwi Yadav returns to Patna, pledges to monitor the new government’s performance after 100 days of its formation.
IMD issues orange alert for cold wave in Delhi-NCR as temperatures drop below 3°C; schools in Noida closed until January 15.
Admiral Arun Prakash is asked to establish his identity for electoral rolls amid discussions on bureaucratic inefficiencies.
The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on January 12, 2026
German Chancellor Friedrich Merz arrives in Ahmedabad for his first official visit to India, meeting PM Modi today.
Discoms engage 83 lakh power consumers with personalized letters from Deputy CM, enhancing transparency and service delivery in Telangana.
Ranipet's marathon and walkathon raised awareness about eradicating harmful substances, attracting over 1,300 participants.
Over 2,500 students graduated at B. S. Abdur Rahman Crescent Institute's 15th Convocation, celebrating academic achievements and future aspirations.
BRS working president K.T. Rama Rao accuses Telangana Chief Minister A. Revanth Reddy of betraying all sections of people in the State and reneging on pre-poll promises.