Andhra aims at becoming $2.40 trillion economy by FY 2046-47: CM

Chief Minister N Chandrababu Naidu on Thursday unveiled a series of economic growth projections for Andhra Pradesh, stating that an annual growth rate of 15 per cent over the next 22 years is essential to achieve a GSDP of USD 2.74 trillion by 2047. Addressing a press conference at the CM's Office, Naidu emphasised that sustaining a 15 per cent growth rate would result in a GSDP of Rs 347 lakh crore (USD 2.74 trillion) by 2047, with a projected per capita income of Rs 58 lakh (USD 45,787). “If the state’s income increases, personal income will also rise. The combined wealth of everyone in the state constitutes the state’s wealth. Currently, the per capita income stands at Rs 2.68 lakh,” said Naidu.
Giving a powerpoint presentation at the State Secretariat in Amaravati on the growth rate in the state, the Chief Minister promised that he will certainly maintain the people's trust and is implementing plans with an aim of achieving 15 per cent growth rate. "We have set a target of achieving $42,000 per capita income by 2047," he added.The State has received over Rs 4 lakh cr investments after the TDP-led NDA came to power,the Chief Minister said and stated that the Amaravati works too are progressing well besides speeding up the Polavaram project works. Announcing that the Godavari and the Pennar rivers will be interlinked by that time the Polavaram is complete, the State is now focussing on making farming more profitable.