Economic evolution of Andhra Pradesh: A post bifurcation analysis of financial performance
Kasina Naga Surya Narayana
This study “Financial Performance of Andhra Pradesh” is based on Secondary Data provided in the Socio Economic Surveys published by the Planning Department of Government of Andhra Pradesh was intended to observe the impact of bifurcation of the state of Andhra Pradesh (into two states i.e. Telangana and Andhra Pradesh) on its financial performance. The Gross Domestic Product (GSDP) of Andhra Pradesh at Current Prices from 2004-05 to 2022-23 increased from Rs 134767 Crores to Rs 1317728 Crores during this period taken into consideration. The growth rate of agriculture was engine of growth for the state GSDP as it is evident from the given data that its growth rate gave boost to overall growth rate. The reason for this tumultuous growth was because of Demonetization and COVID- 19 Pandemic. The Contribution of the Agricultural Sector to the state Gross State Domestic Product showed a positive and continuous growth which is not optimistic sign for development of the state. With regard to the percentage Contribution of the Industry sector to the state Gross State Domestic product, the change is positive but growth is not encouraging. With regard to the percentage contribution of the Service Sector to the Gross State Domestic Product, it showed continuous decline.
Kasina Naga Surya Narayana. Economic evolution of Andhra Pradesh: A post bifurcation analysis of financial performance. Int J Finance Manage Econ 2024;7(2):112-116. DOI: 10.33545/26179210.2024.v7.i2.349