Trade and Commerce in Andhra Pradesh

<<–2/”>a >a href=”https://exam.pscnotes.com/trade-and-commerce/”>Trade and Commerce in Andhra Pradesh

The recent province of Andhra Pradesh has been bifurcated into two states, Telangana and residuary Andhra Pradesh (Seemandhra), by the Andhra Pradesh Reorganization Act, 2014 or the Telangana Act. The demonstration comprised of the parts of division of advantages and liabilities, the limits of the proposed new states and status of the capital city Hyderabad after the partition of the state.

Pre-division, Andhra Pradesh was one of the generally more quickly developing states in the nation. Between 2004-05 and 2015-16, Gross State Domestic Product (GSDP) extended at a Compound Annual Growth Rate (CAGR) of 10.67 for every penny to US$ 92.2 billion though the Net State Domestic Product (NSDP) extended at a CAGR of 10.64 for each penny to US$ 82.86 billion.

The state has all around created social, physical and mechanical foundation and virtual Network. It likewise has great power, airplane terminal, IT and port framework. At current costs, Andhra Pradesh’s gross state local item (GSDP) was evaluated at US$ 92.17 billion more than 2015-16. Between 2004-05 and 2015-16, the normal yearly GSDP development rate was 10.67 for each penny.

The state has pulled in Investment/”>Foreign Direct Investment (FDI) value inflows worth US$ 11.57 billion amid the period April 2000 to March 2016, as indicated by information discharged by Department of Industrial Policy and Promotion (DIPP).

The Government of Andhra Pradesh has proposed a financial plan of US$ 20.72 billion for FY 2016-17. Extraordinary accentuation has been laid in the consumption spending plan on training (US$ 2.67 billion), water system (US$ 1.09 billion), wellbeing (US$ 932 million) and vitality part (US$ 614.2 million). Under 2016-17 state spending plan, the Government of Andhra Pradesh declared to contribute US$ 486.44 million for the advancement of streets and structures in the state.

Starting at July 2016, the state had 19 operational SEZs in the state crosswise over enhanced areas which incorporate materials and clothing, nourishment handling, footwear and cowhide items, multi-item, pharma, IT SEZs and so forth.

Seemandhra, involving Rayalaseema and seaside Andhra, has the majority of the power undertakings of unified Andhra Pradesh. Coal-based power Plants are for the most part situated in the state because of vicinity to the Ports. As of April 2016, Andhra Pradesh had an aggregate introduced control age limit of about 15,311.17 MW.

It is the principal state in the nation to have sanctioned the Industrial Single Window Clearance. The Act made it necessary for new enterprises to enroll with the single-window to get clearances rapidly. It likewise improved methods for getting modern clearances. The state additionally has isolate represents improvement in parts, for example, sun based power, electronic equipment and sustenance handling.

The state has an expansive drift line of about 974 kms, sanctuary goals, rich green woods and hot food which have prompted increment in household tourism over the most recent couple of years. Andhra Pradesh is one of the biggest makers of saline water shrimps and freshwater prawns and contributes more than 20 for each penny to the nation’s aggregate marine fares.

Key Sectors:

The nearness of rich climatic and Soil conditions make Andhra Pradesh a noteworthy rural belt. Maybe a couple of the main harvests created in the state incorporate rice, cold, oilseeds, Cotton, heartbeats and gram.

Andhra Pradesh is home to numerous worldwide and national pharma players and different organizations have set up their assembling center points in various urban communities of the state. Starting at July 2016, the state had a sum of four Pharmaceutical SEZs.

The ITE&C (Information Technology, Electronics and Communication) branch of the state has set up another IoT strategy inside the state with a view to accomplish a considerable piece of the overall Industry in India’s IoT advertise by 2020.

Andhra Pradesh produces mid-range review and unrivaled long staple assortments of cotton. Amid 2016-17 (up to May 2016), 858 metric huge amounts of crude silk was delivered by the state.

Andhra Pradesh is one of the significant benefactors of marine fares representing a 45 for every penny offer of the aggregate marine fares and positions second in Pharmaceutical fares contributing 30 for each penny offer to the aggregate Pharmaceutical fares of India. It contributes around 4.01 for each penny offer to the combined Foreign Direct Investment (FDI) inflows of India.

Andhra Pradesh has been one of the principal states to have created area particular strategies. Shaping modern groups and creating foundation, for example, biotech parks, material parks and equipment parks, has been the state’s key technique to pull in interests in different businesses.

Regular assets, approach impetuses and framework in the state are positively suited for interests in real divisions, for example, medications and pharmaceuticals, Biotechnology, IT and ITeS, mines and Minerals, materials, calfskin and tourism.

Seemandhra, involving Rayalaseema and beach front Andhra, has the greater part of the power activities of unified Andhra Pradesh. Coal based power plants are for the most part situated in the state because of vicinity to the ports. The Visakhapatnam port positions among the main five of 13 noteworthy ports in the nation.

The accompanying are a portion of the real activities taken by the legislature to advance Andhra Pradesh as a speculation goal:

The state gives sufficient chances to pharma organizations because of accessibility of ports, pharma city, worldwide airplane terminal, huge packages of land for development and great emanating treatment offices.

The Government has declared a designation of US$ 34.79 million for the advancement of culture and tourism in the state.

For the calfskin business, the administration gives Money related help with the type of venture stipends to the degree of 30.0 for each penny of cost of plant and apparatus for little scale enterprises (SSI) and 20.0 for every penny of cost of plant and hardware for different units, subject to a roof of US$ 120,000 for innovation upgradation or/and development.

The Union Government has intended to create metro rail ventures at three areas in the state, including Visakhapatnam, Guntur and Vijayawada.

The Department of Industries and Commerce is principally in charge of the advancement of enterprises when all is said in done, and little scale businesses specifically. The Department likewise plans and executes different plans for mechanical advancement in the State.

The fundamental Elements of the Industries and Commerce Department are:

Help and guide business visionaries in setting up modern units
Empower business people to get diverse mechanical endorsements and clearances from different divisions/organizations from a solitary point
Enlist little ventures/modest enterprises/little scale administration and business undertakings
Authorize motivators to mechanical units that are qualified
Make a straightforward, suitable, bother free and business-accommodating condition for quickened development of the mechanical segment in the State
Give advertising help to the nearby mechanical units
Restore debilitated little mechanical units, etc

Andhra Pradesh is a state in the south-eastern region of India. It is the seventh-largest state in India by area and the tenth-largest by Population. The state is bordered by Telangana to the north, Chhattisgarh to the north-east, Odisha to the east, Tamil Nadu to the south, Karnataka to the south-west, and Kerala to the west. The state capital is Amaravati.

Andhra Pradesh is a major agricultural state. The main crops grown in the state are rice, cotton, tobacco, sugarcane, and groundnut. The state is also a major producer of milk, eggs, and meat.

Animal Husbandry is another important sector of the economy of Andhra Pradesh. The state is home to a large number of cattle, buffalo, sheep, goats, and Poultry. The State Government has been promoting animal husbandry through various schemes and programs.

Fisheries-2/”>Fisheries is another important sector of the economy of Andhra Pradesh. The state has a long coastline and a large number of inland water bodies. The state government has been promoting fisheries through various schemes and programs.

Handicrafts are another important sector of the economy of Andhra Pradesh. The state is known for its traditional handicrafts such as handloom weaving, Pottery, and metalwork. The state government has been promoting handicrafts through various schemes and programs.

Industry is another important sector of the economy of Andhra Pradesh. The state has a number of large and medium-sized industries. The state government has been promoting industry through various schemes and programs.

Minerals are another important sector of the economy of Andhra Pradesh. The state is a major producer of iron Ore, bauxite, limestone, and coal. The state government has been promoting mining through various schemes and programs.

Tourism is another important sector of the economy of Andhra Pradesh. The state has a number of tourist attractions such as the temples of Tirupati, the beaches of Visakhapatnam, and the hills of Araku Valley. The state government has been promoting tourism through various schemes and programs.

Trade is another important sector of the economy of Andhra Pradesh. The state is a major trading partner with other states in India and with other countries. The state government has been promoting trade through various schemes and programs.

Transport is another important sector of the economy of Andhra Pradesh. The state has a well-developed network of roads, railways, and Airports. The state government has been promoting transport through various schemes and programs.

Warehousing is another important sector of the economy of Andhra Pradesh. The state has a number of warehouses that store agricultural produce, industrial goods, and other commodities. The state government has been promoting warehousing through various schemes and programs.

The economy of Andhra Pradesh is a diversified one. The state is a major producer of agricultural products, minerals, and industrial goods. The state government has been promoting various sectors of the economy through various schemes and programs.

What is trade?

Trade is the exchange of goods and Services between two or more parties. It can take place on a small scale, such as when a farmer sells their produce at a local market, or on a large scale, such as when countries trade goods and services with each other.

What is commerce?

Commerce is the activity of buying and selling goods and services. It includes all aspects of trade, from the production of goods to the distribution of goods to the consumption of goods.

What are the benefits of trade?

There are many benefits to trade. Trade allows countries to specialize in the production of goods and services in which they have a comparative advantage. This means that countries can produce goods and services more efficiently, which leads to lower prices and higher quality goods and services. Trade also allows countries to access goods and services that they cannot produce themselves, which improves the standard of living of people in both countries.

What are the challenges of trade?

There are also some challenges to trade. One challenge is that trade can lead to job losses in some countries. This is because when countries trade with each other, they may produce goods and services that are cheaper to produce in other countries. This can lead to businesses in the first country moving their production to the second country, which can lead to job losses in the first country.

Another challenge of trade is that it can lead to environmental problems. This is because when countries trade with each other, they may produce goods and services that use more Resources or produce more pollution than goods and services that are produced domestically. This can lead to environmental problems in both countries.

What are the different types of trade?

There are many different types of trade. Some common types of trade include:

International trade: This is the exchange of goods and services between countries.
Domestic trade: This is the exchange of goods and services within a country.
Retail trade: This is the sale of goods to consumers.
Wholesale trade: This is the sale of goods to businesses.
Export trade: This is the sale of goods to other countries.
Import trade: This is the purchase of goods from other countries.

What are the different stages of trade?

The different stages of trade are:

Production: This is the process of making goods and services.
Distribution: This is the process of getting goods and services from the producer to the consumer.
Consumption: This is the process of using goods and services.

What are the different factors that affect trade?

There are many factors that affect trade. Some of the most important factors include:

The price of goods and services: The price of goods and services is one of the most important factors that affects trade. If the price of goods and services is high, people are less likely to buy them. If the price of goods and services is low, people are more likely to buy them.
The cost of transportation: The cost of transportation is another important factor that affects trade. If the cost of transportation is high, it is more expensive to ship goods and services from one place to another. This can make goods and services more expensive, which can lead to lower demand for goods and services.
Government policies: Government policies can also affect trade. For example, a government might impose tariffs on goods imported from other countries. This can make imported goods more expensive, which can lead to lower demand for imported goods.
Exchange rates: Exchange rates are the prices of currencies in relation to each other. If the exchange rate between two currencies changes, it can affect the price of goods and services that are traded between the two countries.
Technology: Technology can also affect trade. For example, the development of new technologies can make it easier to produce goods and services. This can lead to lower prices for goods and services, which can lead to higher demand for goods and services.

What are the different theories of trade?

There are many different theories of trade. Some of the most important theories of trade include:

The theory of comparative advantage: This theory states that countries should specialize in the production of goods and services in which they have a comparative advantage. This means that countries should produce goods and services that they can produce more efficiently than other countries.
The theory of absolute advantage: This theory states that countries should specialize in the production of goods and services in which they have an absolute advantage. This means that countries should produce goods and services that they can produce more efficiently than any other country.
The theory of mercantilism: This theory states that countries should accumulate as much wealth as possible. This can be done by exporting more goods and services than they import.
**The theory of free

Which of the following is not a major industry in Andhra Pradesh?
(A) agriculture
(B) Manufacturing
(C) Tourism
(D) Trade and Commerce
The capital of Andhra Pradesh is:
(A) Hyderabad
(B) Vijayawada
(C) Visakhapatnam
(D) Amaravati
The population of Andhra Pradesh is:
(A) 50 million
(B) 80 million
(C) 100 million
(D) 120 million
The Official Language of Andhra Pradesh is:
(A) Telugu
(B) Hindi
(C) English
(D) Urdu
The chief minister of Andhra Pradesh is:
(A) YS Jagan Mohan Reddy
(B) N. Chandrababu Naidu
(C) K. Rosaiah
(D) Y.S. Rajasekhara Reddy
The major exports of Andhra Pradesh are:
(A) Rice
(B) Cotton
(C) Iron ore
(D) All of the above
The major imports of Andhra Pradesh are:
(A) Petroleum products
(B) Machinery
(C) Chemicals
(D) All of the above
The major ports of Andhra Pradesh are:
(A) Visakhapatnam
(B) Kakinada
(C) Chennai
(D) All of the above
The major airports of Andhra Pradesh are:
(A) Rajiv Gandhi International Airport
(B) Vijayawada International Airport
(C) Visakhapatnam International Airport
(D) All of the above
The major tourist attractions of Andhra Pradesh are:
(A) Tirupati
(B) Vijayawada
(C) Visakhapatnam
(D) All of the above