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AP ECONOMY FOR APPSC GROUP II

AP ECONOMY FOR APPSC GROUP II

The economy of Andhra Pradesh is one of the fastest growing economies in India, with growth outstripping that of the wider Indian economy in the past few years. The GSDP at constant (2011-12) Prices for the year 2016-17 (Advance Estimates) is estimated at Rs.5,47,021 crores as against Rs.4,90,134 crores for 2015-16 (First Revised Estimates) indicating a growth of 11.61%. Per Capita Income at current prices increased to Rs.1,22,376 from Rs.1,08,163 in 2015-16 registering a growth of 13.14 percent.

The economy is primarily dependent on agriculture, which directly and indirectly employs 62% of the population. The state has been ranked the best state in ease of doing business in the country by the World Bank


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