The economy of Andhra Pradesh and its Per Capita Income (PCI) have seen positive growth since the NDA Government took office in July of last year, according to Governor Syed Abdul Nazeer.
During his address to both houses of the State Assembly on the opening day of the budget session in Amaravati, the Governor remarked that the State had faced numerous challenges during the last five years under the previous administration.
He noted that Andhra Pradesh’s economy has expanded to ₹16 lakh crore, an increase from ₹14.22 lakh crore last year, reflecting a nominal growth rate of 12.94 percent. “Our per capita income has risen to ₹2.68 lakh, up from ₹2.37 lakh in the previous year. This progress is driven by robust performances across all major sectors—agriculture and related activities have grown by 15.86%, while industries and services increased by 6.71% and 11.70%, respectively,” Nazeer stated.
The Governor emphasized that the State Government is committed to realizing the vision of a ‘Swarnandhra Pradesh’ by 2047, focusing on key areas such as education and health. He highlighted that the increase in per capita income occurred after the new government assumed office in July last year.
The government is dedicated to providing opportunities for all residents to improve their lives and generate wealth for both themselves and the State, according to Nazeer.
He mentioned that the administration is striving for comprehensive development in the State by implementing welfare initiatives under the Super Six Schemes.
“In the last eight months, our government has made significant progress in steering the State back towards development after years of misrule. We have managed to revive 74 out of 93 Centrally Sponsored Schemes that had been halted by the previous government, clearing liabilities of ₹9,371 crores,” the Governor added.
This revival has prompted further financial releases from the Government of India for the current and future fiscal years. To bolster economic activity and restore confidence in Brand Andhra Pradesh, the government has also cleared ₹10,125 crores worth of bills related to irrigation, road development, and other projects.
The administration is attracting major global corporations such as Google, ArcelorMittal Steel Company, Tata Power, Greenko Group, BPCL, and TCS to invest in the state. “So far, investors have committed to investments totaling ₹6.5 lakh crore, which is expected to generate over 400,000 jobs,” he announced.
The Governor also expressed the government’s aim to eliminate poverty within the next few years, emphasizing the importance of empowering individuals and families in this initiative. He introduced a distinct approach to poverty alleviation, in which High-Net-Worth Individuals (HNIs) are encouraged to support those in need.
To promote community upliftment, the Andhra Pradesh Government is embracing an innovative P4 model—Public-Private-People Partnership—conceived by Chief Minister N. Chandrababu Naidu.
“By engaging the top 10 percent of the population to assist the bottom 20 percent, this new approach ensures targeted support for the most vulnerable members of society, fostering sustainable pathways out of poverty,” the Governor explained.
