{"id":9631,"date":"2024-06-14T14:26:54","date_gmt":"2024-06-14T14:26:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=9631"},"modified":"2024-06-14T14:26:54","modified_gmt":"2024-06-14T14:26:54","slug":"survey-gauges-highest-ever-jump-in-andhra-pradeshs-gsdp","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/survey-gauges-highest-ever-jump-in-andhra-pradeshs-gsdp\/","title":{"rendered":"Survey gauges highest ever jump in Andhra Pradesh’s GSDP"},"content":{"rendered":"

The Socio Economic Survey has estimated that the state’s GSDP is most likely to witness a massive jump during 2021-22.<\/p>\n

The advance estimates readied by the planning department put the GSDP ofAndhra Pradesh<\/u>(at current prices) at 12,01,736 crore against 10,14,374 crore in 2020-21. This is nearly a net addition of 1,87,362 crore to the state economy<\/a>. This is the highest quantum jump in GSDP ever.<\/p>\n

The report said that Andhra Pradesh posted a record Growth<\/a> of 11.43% at constant prices (2011-12) against country’s growth of 8.9% during 2021-22.<\/p>\n

Chief minister Y S Jagan Mohan Reddy released the Socio Economic Survey Report 2021-22 in the secretariat on Friday. Chief secretary Dr Sameer Sharma, secretary (planning) GSRKR Vijay Kumar and other senior officials of the planning department were present.Finance<\/u>minister Buggana Rajendranth presented the Socio Economic Survey report to the assembly.<\/p>\n

Interestingly, theGross Value Added<\/u>(GVA<\/u><\/a>) registered a record growth rate during 2021-22 with 18.47 per cent. This is the highest growth rate reported by Andhra Pradesh after the bifurcation.<\/p>\n

While Agriculture<\/a>-notes-for-state-psc-exams”>Agriculture<\/a> and allied sector reported a 14.50% growth rate, the agriculture sector alone witnessed a 6.30% growth rate. The growth rate in agriculture is above the national Average<\/a>. The sector witnessed a 13.24% increase while the Livestock<\/a> sector reported 11.46% growth rate. Interestingly, Fisheries<\/a>, which is considered to be the lifeline of the state’s growth rate, has put up a tremendous show with 25.92% growth. Notwithstanding the Covid-19 hurdles, the Industry<\/a> sector reported an impressive growth rate of 25.58%. However, the mining sector contributed to the massive growth rate in the industry sector as it reported 38.41% growth during 202-22. In fact, the manufacturing sector is not way behind as it reported a 24.84% growth rate.<\/p>\n

Andhra Pradesh is considered to be among a few states that reported the highest growth rate in industrial segment. “Electricity and gas sectors witnessed 16.28% growth rate while the progress in the construction sector surprised all as it reported nearly 26.75% growth rate,” said the report.<\/p>\n

The Services<\/a>-sector”>services sector<\/a>, which has been contributing to the major portion of economic activity in the state, witnessed 18.91% growth rate. The hotels sector which reported a poor turnout due to Covid-19, has recovered fast and reported nearly 22.70% growth rate. The real estate sector still looks to be in slumber as it reported a 14.98% growth rate.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Socio Economic Survey has estimated that the state’s GSDP is most likely to witness a massive jump during 2021-22. The advance estimates readied by the planning department put the GSDP ofAndhra Pradesh(at current prices) at 12,01,736 crore against 10,14,374 crore in 2020-21. This is nearly a net addition of 1,87,362 crore to the state … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1096],"tags":[831],"class_list":["post-9631","post","type-post","status-publish","format-standard","hentry","category-andhra-pradesh","tag-15-03-22"],"yoast_head":"\nSurvey gauges highest ever jump in Andhra Pradesh's GSDP - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/survey-gauges-highest-ever-jump-in-andhra-pradeshs-gsdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Survey gauges highest ever jump in Andhra Pradesh's GSDP\" \/>\n<meta property=\"og:description\" content=\"The Socio Economic Survey has estimated that the state’s GSDP is most likely to witness a massive jump during 2021-22. The advance estimates readied by the planning department put the GSDP ofAndhra Pradesh(at current prices) at 12,01,736 crore against 10,14,374 crore in 2020-21. This is nearly a net addition of 1,87,362 crore to the state ... 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The advance estimates readied by the planning department put the GSDP ofAndhra Pradesh(at current prices) at 12,01,736 crore against 10,14,374 crore in 2020-21. This is nearly a net addition of 1,87,362 crore to the state ... 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