Friday, February 8, 2008

AP Shining

Interesting news item from TimesofIndia - 8/2/08.

Hyderabad: Andhra Pradesh has achieved a double digit growth rate in 2007-08 which is far above the national average. This could be made possible by the unusual performance of all the sectors in the state. As per the data released on Thursday evening by the Central Statistical Organisation (CSO), A n d h r a Pradesh posted a constant growth rate of 10.07 per cent which is 1.57 per cent higher than the previous year. The growth rate in 2006-07 was just 8.8 per cent. National average for the year is 8.73 per cent. Revealing the data to the media, chief minister’s adviser on economic affairs D A Somayajulu said the state’s performance exceeded the national average in every sector, including agriculture which had stagnated for long. The agriculture growth rate posted a 8.38 per cent as against a national average of 2.59 per cent. While the industry sector grew at 9.8 per cent, service sector recorded 11.5 per cent, the national average for these sectors being 8.90 per cent and 10.73 per cent respectively. The per capita growth rate also exceeded the national average (7.55 per cent) with 9.35 per cent while per capita income in the state standing at Rs 33,970 with the national average lagging behind at Rs 33,131. This is a remarkable feat, Somayajulu said, for a state which was formed by combining most backward regions with different socio-economic backgrounds.

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