Andhra Pradesh Economy

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Andhra Pradesh economy has registered over 5.5% annual economic growth rate during the last two decades. Andhra Pradesh (AP) has been an exporter of many agricultural products. Besides, the state is also one of the most industrially developed states of India.

The following statistics justify the progress of Andhra Pradesh economy.
  • Gross State Domestic Product (GSDP) - INR 1174 billion
  • Contribution of Secondary Sector to GSDP - 23%
  • Per Capita Income - INR 13,135
Key sectors
  • Automobiles and Auto Component Industry
  • Biotechnology
  • Tourism
  • Drugs and Pharmaceuticals
  • Food and Agro-based
  • Information Technology
  • Mines and Minerals
  • Textile and Leather
The Andhra Pradesh economy has also grown over the years due to the following factors:

  • Andhra Pradesh is the leading state in the country in using IT and IT Enabled Services for improving the quality of administration and for taking governance to the doorsteps of every citizen in the state. Almost every village in the state is covered by optical fiber network of BSNL and Reliance.

  • The State boasts of having a wide base of higher educational institutions like Polytechnic Colleges and Industrial Training Institutes (ITIs) offering high quality technical education. The newly opened Indian School of Business is an ace business school providing worldwide placements.

  • Andhra Pradesh has the second largest power generating utility in the country with an installed capacity of around 10,650 MW. The two cheapest sources of thermal power generation - coal and natural gas - are in abundance.

  • Almost all the important towns Andhra Pradesh are very well connected both by air, rail, and road. The state also has an international airport.

  • Andhra Pradesh has emerged as the best health care destination in the country with state-of-the-art hospitals.

Andhra Pradesh Economy has become a preferred destination for the investors due to:
  • Business friendly policies
  • Simplified administrative procedures
  • Maintenance of registers
  • Self certification by units
  • Schedule of inspections