AP achieves a staggering 13.95% GSDP growth in Q2 (July – Sept) 2015

Andhra racing ahead on growth !!

Andhra racing ahead on growth !!

Andhra Pradesh is making significant strides in achieving its target of inclusive double-digit growth. After achieving 9.72% in the Quarter 1, the state’s economy has achieved 13.94% in the second quarter. Put together, the half yearly growth performance (H1) stands impressive at 11.77% against the target of 10.62%.

Andhra Pradesh Chief Minister Sri N. Chandrababu Naidu released the report on the “Quarterly Performance Assessment Report Q2 (July-September) 2015” at the two-day Collectors’ Conference in Vijayawada.

The achievement for Quarter 2 was impressive at 13.94% surpassing the target of 10.82%.The targeted growth rate for Quarter 1 was 10.44%, while the achievement was 9.72%.Put together, the half yearly growth performance (H1) stands impressive at 11.77% against the target of 10.62%. The state government is currently working on the comprehensive Double Digit Growth Plan to achieve a per-capita income over Rs. 10 lakh by 2029-30.The growth target for 2015-16 at constant prices stands at 10.8%.

Read the full report release by the Andhra Pradesh government HERE.

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