Latest update: October, 2018
Last Updated: October, 2018
ANDHRA PRADESH State Report | October, 2018
Andhra Pradesh (AP) is located in the Southern peninsula of India. The state of is bound by Chhattisgarh on the north, Odisha on the northeast, Telangana and Karnataka on the west, Tamil Nadu on the south, and the Bay of Bengal on the east.
The erstwhile state of Andhra Pradesh has been bifurcated into two states, Telangana and residuary Andhra Pradesh (Seemandhra), by the Andhra Pradesh Reorganisation Act, 2014 or the Telangana Act. The act consisted of the aspects of division of assets and liabilities, the boundaries of the proposed new states and status of the capital city Hyderabad after the separation of the state.
The state has well-developed social, physical and industrial infrastructure and virtual connectivity. It also has good power, airport, IT and port infrastructure. At current prices, Andhra Pradesh’s Gross State Domestic Product (GSDP) was estimated at US$ 124.73 billion in 2017-18AE. Between 2011-12 and 2017-18AE, the average annual GSDP growth rate was 13.33 per cent*.
The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 16.487 billion during the period April 2000 to June 2018, according to data released by Department of Industrial Policy and Promotion (DIPP).
As of July 2018, the state had 19 operational SEZs across diversified sectors which include textiles and apparel, food processing, footwear and leather products, multi-product, pharma, IT SEZs etc.
Seemandhra, comprising Rayalaseema and coastal Andhra, has most of the power projects of undivided Andhra Pradesh. Coal-based power plants are mostly located in the state due to proximity to the ports. As of July 2018, Andhra Pradesh had a total installed power generation capacity of 23,411.21 MW.
It is the first state in the country to have enacted the Industrial Single Window Clearance. The Act made it compulsory for new industries to register with the single-window to obtain clearances quickly. It also simplified procedures for getting industrial clearances. The state also has separate acts for development in sectors such as solar power, electronic hardware and food processing.
The state has a large coast line of nearly 974 kms, temple destinations, lush green forests and spicy cuisine which have led to increase in domestic tourism in the last few years. Andhra Pradesh is one of the largest producers of brackish water shrimps and freshwater prawns. Marine fish production in the state in 2017-18 (up to December 2017) stood at 4.28 million tonnes.
Note: *CAGR in Rs terms
Last Updated: October 17, 2018