Finance Minister Buggana Rajendranath said on Friday that APs gross domestic product (SGDP) increased largely to Rs 13,17,000 crore (16.22 per cent) in 2022-23 from Rs 9,25,000 crore in 2019-20.
The minister said that after the YSRC came to power in 2019-20, it was an uphill task for it to set things right. However, the Covid 19 pandemic shook AP and the whole world for two years. The continued welfare schemes through DBT during the Corona crisis and provided financial assistance to the industries. It also helped farmers in the continuation of Agriculture-notes-for-state-psc-exams”>Agriculture activities and helped in the circulation of Money in the market, he claimed.
The FM said the state gross domestic product (SGDP) of the last four years showed a major improvement. It was Rs 9,25,000 crore in 2019-20 (5.97 per cent at current prices), which rose to Rs 13,17,000 crore (16.22 per cent) in 2022-23.