AP govt releases Socio Economic Survey on eve of budget session of Assembly

According to the report, the Gross State Domestic Product registered an increase of 12.73 per cent at current prices.
AP CM Jagan with the SES report
AP CM Jagan with the SES report
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Breaking from tradition, the Andhra Pradesh government on Monday released the Socio Economic Survey, estimating the Gross State Domestic Product to be Rs 9,72,782 crore at current prices in the 2019-20 fiscal as per advance estimates, and Rs 6,72,018 crore at constant (2011-12) prices.

Chief Minister Y S Jagan Mohan Reddy released the Socio- Economic Survey report for 2019-20 at his camp office on Monday on the eve of the budget session of the state Legislature.

As per normal practice, the SES report is tabled in the Assembly on the day the Budget is presented.

According to the report, the GSDP registered an increase of 12.73 per cent at current prices and 8.16 per cent at constant prices, compared to 2018-19, as against the national growth of only five per cent.

Due to "favourable seasonal conditions", the agriculture sector (Gross Value Added) grew by 18.96 per cent, horticulture sector by 11.67 per cent and livestock by 4.53 per cent, the report said.

The industrial sector was expected to register a growth rate of 5.67 per cent and the services sector 9.11 per cent, at constant prices in 2019-20.

The Per Capita Income of Andhra Pradesh at current prices increased to Rs 1,69,519 in 2019-20 from Rs 1,51,173 in 2018- 19, marking a growth of 12.14 per cent,as per the report. 

The All India per capita income for 2019-20 stood at Rs 1,34,432, the SES report said.

Meanwhile, the Andhra Pradesh Legislature is set to begin a brief budget session on Tuesday. The session, which was scheduled to take place in March, was postponed due to the pandemic. Meanwhile, the government brought in the Andhra Pradesh Appropriation (Vote-on-Account) Ordinance, 2020 in March, authorising an expenditure of Rs 70,994 crore for the first three months of the fiscal.

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