Higher growth rate Expected AP registers 10.50 growth rate in First quarter : CM Naidu

AP growth rate witness upward trend in first quarter of 2025-26 financial year

AP registers 10.50 growth rate in First quarter

Vast scope for higher growth rate with abundant natural resources and long seacoast: CM

AMARAVATI: Andhra Pradesh growth rate (GSDP) witnessed an upward trend  registering a growth of 10.50 per cent in first quarter of 2025-26 financial year, higher than national average  of 8.8 per cent.  Expressing happiness over the double digit growth, Chief Minister N Chandrababu Naidu said efforts should be made to achieve 17.1 per cent growth rate in the financial year with continuous monitoring of all sectors.

The Chief Minister conducted a review on GSDP at his camp office here today. Speaking on the occasion the Chief Minister  opined that with long coastline and abundant natural resources,  there is a vast scope for  achieving 25 per cent growth rate. He said officials should focus on growth in  sectors including  transport, insurance, real estate and several other sectors.

The planning officials informed the Chief Minister that the industries sector registered highest growth rate of 11.91 per cent, Service sector 10.70 per cent and agricultural sector 9.60 per cent.

Coming to agricultural sector in the first quarter of the financial year the growth rate stands at 6.65 per cent in live stock, Fishing and aquaculture registered 14.52 per cent growth with Rs 32,110 cr, meat production 8 per cent growth with increased production of 3.41 lakh metric tones and eggs production increased 67,450 lakh from 62,157 lakh.

The Industries sector including mining and quarrying netted a revenue of Rs 10,686 cr with 43.54 per cent growth, manufacturing sector 9.93 per cent with Rs 40,515 cr, construction 9.57 per cent with Rs 31,550 cr.

The service sector  including trade,hotels and restaurants registered highest of 17.92 per cent growth with Rs 25,702 cr, real estate and professional services 11.70 per cent with Rs 34,324 cr, tourism sector 17.08 per cent. The number of tourists increased to 8.07 crore from 6.89 crore earlier. The number of air passengers also increased to 15.85 lakh from 13.09  lakh registering a growth of 21.1 per cent.