State of Economy: Andhra Pradesh

The GSDP at Constant Prices for the year 2010-11 (Advance Estimates) is estimated at Rs.3,71,007 crores as against Rs.3,40,712 crores for 2009-10 (Quick Estimates) reflecting a growth of 8.89%.

The estimated growth of 8.89% in GSDP of AP comprises of a growth of 8.39% in Agriculture sector, 7.79% in Industries sector and an impressive growth of 9.61% in the Services sector. Agriculture & allied activities, Industry and Service sector share the GDP in the ratio of 24:26:51 respectively. The Per Capita Income of Andhra Pradesh at current prices is estimated at Rs.60,224 in 2010-11 as against Rs.51,025 in 2009-10. States total public debt outstandings, which stands at Rs 1,23,226 crore (RE) and Rs 1,41,150 crore (BE) for the years 2010-11 and 2011- 12 respectively. Fiscal deficit is estimated to be 2.6 per cent and 2.95 per cent for the years 2010-11 and 2011- 12 respectively. During April 2011, Consumer price index was 105. The year 2010 was taken as the base year. FDI inflow stood at USD 1.2 billion