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Andhra Pradesh grows 10.5%
Why is it in the news ?
- Andhra Pradesh has achieved the number one rank in the country with an average growth of 10.5% during the last four years.
More in the news
- Andhra Pradesh has surpassed many developed States such as Maharashtra and Gujarat following a “focused approach” and setting high targets for itself.
- The average growth in the country stood at 7.3% during the last four years.
- The growth in Andhra Pradesh was 9.2% in 2014-15, the year of bifurcation.
- Later, it was ranked second.
- In the subsequent year, it achieved a double-digit growth of 10.6% though its rank had slipped to the 4th place.
- Telangana has slipped to the second place, Maharashtra is ranked sixth.
- The Per Capita Income (PCI) also increased by more than Rs.40,000 during 2017-18 in the State.
- The PCI crossed the Rs.1 lakh mark in 2015-16. The trend has been upward since then. It is Rs.1,42,054 in 2017-18.
Source
The Hindu.