Begin typing your search above and press return to search.
Andhra Pradesh's GSDP grew by 8.16 for 2019-20
By: Tupaki Desk | 16 Jun 2020 6:52 AM GMT
In the wake of the ongoing pandemic and lockout leaving a deadly impact on everything around us, Andhra Pradesh has a piece of good news to cherish and feel proud of.
The Socio-economic Survey released by the Andhra Pradesh government stated that the stated had a growth of 8.16 percent in the Gross State Domestic Product (GSDP) for the financial year of 2019-2020.
As per the report, the GSDP rate of the state is at 12.73 percent with 9,72,782 crore, which was 8,62,957 crore for the financial year 2018-19
The state saw an increase in the GSDP for the financial year of 2019-20 with 8.16 percent, which is more than that of the national growth rate of 5 percent. The Socio-economic Survey 2019-20 was released by Chief Minister YS Jagan Mohan Reddy from CM's camp office in Tadepalli.
The report has also found out that the agriculture sector Gross Value Added(GVA) increased by 18.96 percent for the year as the favorable conditions played a vital role.
On the other hand, the horticulture sector and livestock grew by 11.67 percent and 4.53 percent for the financial year 2019-20, as per the Socio-economic Survey.
The Socio-economic Survey released by the Andhra Pradesh government stated that the stated had a growth of 8.16 percent in the Gross State Domestic Product (GSDP) for the financial year of 2019-2020.
As per the report, the GSDP rate of the state is at 12.73 percent with 9,72,782 crore, which was 8,62,957 crore for the financial year 2018-19
The state saw an increase in the GSDP for the financial year of 2019-20 with 8.16 percent, which is more than that of the national growth rate of 5 percent. The Socio-economic Survey 2019-20 was released by Chief Minister YS Jagan Mohan Reddy from CM's camp office in Tadepalli.
The report has also found out that the agriculture sector Gross Value Added(GVA) increased by 18.96 percent for the year as the favorable conditions played a vital role.
On the other hand, the horticulture sector and livestock grew by 11.67 percent and 4.53 percent for the financial year 2019-20, as per the Socio-economic Survey.
