GSDP growth of State has outpaced national average, says planning official

The National Economic Survey 2025–26 indicates that India has entered a phase of strong economic recovery, with Gross Domestic Product (GDP) growth rising to 7.4% from 6.5 per cent in 2024–25. 

Presenting a detailed comparison of national and State-level trends at a meeting chaired by Chief Minister N. Chandrababu Naidu on Monday,  State Planning Department Principal Secretary Piyush Kumar said that India’s medium-term growth potential remains around 7%, supported by controlled inflation, robust investment, and banking-sector stability.

Retail inflation during April–December 2025 stood at a decade-low of 1.7%. Agriculture, industry, and services recorded growth rates of 3.1 per cent, 7.0%, and 9.3%, respectively, while exports crossed $825 billion. Infrastructure expansion and improved innovation rankings further strengthened the outlook.

Focusing on Andhra Pradesh, the Principal Secretary noted that the State ranked 8th in India in terms of Gross State Domestic Product (GSDP).

For 2025–26, Andhra Pradesh’s GSDP is estimated at ₹17.62 lakh crore, reflecting a growth of 10.75%, significantly higher than the national average.

At constant prices, the State recorded a growth rate of 9.88%. Sector-wise, agriculture and allied activities grew by 10.14 per cent, industry by 9.15%, and services by 10.67%.

The State’s per capita income rose to ₹2.94 lakh, marking a 10.43% increase.

Agricultural output showed notable gains, with higher production of rice, maize, and fish, while construction led industrial growth. However, the presentation highlighted concerns over fiscal indicators, including a revenue deficit of ₹60,481 crore and a fiscal deficit of ₹85,269 crore, with State debt at 35% of GSDP and a relatively low own-revenue ratio, he said.

The government is closely monitoring departmental and district performance through KPIs.

Under the “Swarna Andhra Vision 2030”, Andhra Pradesh aims for 15% annual growth, targeting a GSDP of ₹31 lakh crore and per capita income of ₹5.15 lakh, reinforcing its long-term development roadmap, he added.