Andhra posts 12.23 percent growth in first half of 2016-17

Vijayawada, December 21: Andhra Pradesh posted an impressive growth of 12.23 percent growth during the first half of 2016-17 and all sectors have shown encouraging growth rates.

The growth rate was 12.26 percent during the first quarter and 12.20 percent during the second growth. 

Chief Minister N. Chandrababu Naidu reviewed the state’s performance in the second quarter at the meeting of district collectors which began here today.

He suggested that the same growth rate should be maintained for the next 15 to 20 years for Andhra Pradesh to become a developed state. 

Agriculture sector grew at 24.44 percent supported by fisheries at 42.57%, horticulture at 18.33%, livestocks at 14.19%. 

The Chief Minister said that the government is keen to put in a performance management framework to measure performance at family level, community level and linking them with sustainable development goals. He added that 15 themes have been identified for Kutumba Vikasamu and 10 themes for Samaja Vikasamu. 

He said that post bifurcation, people of Andhra Pradesh were left  insecure but with the able administration of the government we could bounce back to growth despite low budget. 

Remarking that the demonetization has caused a lot of inconvenience to the people the Chief Minister said in this crisis kind of situation we should work together.   

He advised that preference should be given to create sea based economy as the state posses rich coastal region and natural resources. In addition to this he also suggested for tapping oil and gas reserves in the KG Basin and also said the oceanography should be explored to boost the economy. 

The Chief Minister stressed that the 102 projects in the state which are in various stages of completion should be completed as soon as possible. 

This will help provide jobs to lakhs of people and churn economic activity in the state. He added that they should be monitored on a real time basis. 

Chief Secretary S.P Tucker mentioned that if the state maintained the sustainable growth of 12.23% for the next few years, Andhra Pradesh would become a developed state. 

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