Amaravati, Dec 8 (NationPress) The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, announced on Monday that the state's economic growth rate is experiencing a significant upward movement, surpassing the national average in the second quarter of the 2025-26 fiscal period.

During a press briefing, he revealed that Andhra Pradesh's Gross Value Added (GVA) growth rate has risen to 11.30 percent, compared to 10.26 percent in the same quarter last year. Similarly, the GSDP growth rate has climbed to 11.28 percent, an increase from 10.17 percent during that period last year. In contrast, the All-India GDP growth rate remains at 8.7 percent for the second quarter of 2025-26.

“I am pleased to report that Andhra Pradesh's economic progress has maintained a robust upward trajectory in Q2 (2025-26), with GSDP growth reaching 11.28 percent. Notably, our industrial sector has seen an impressive rise of 12.20 percent, and all sectors are demonstrating positive and encouraging growth. This achievement is attributed to our transparent policies, meticulous fiscal management, and our unified dedication to development,” he shared on X.

In a PowerPoint presentation at the press conference, CM Naidu emphasized that the NDA government has successfully transformed the state from a struggling economy to one that showcases remarkable growth across various sectors. He noted that numerous initiatives have been implemented to foster a favorable growth environment and instill confidence in investors, resulting in an influx of investments amounting to Rs 20 lakh crore.

He highlighted that the average GSDP growth rate for AP from 2014-19 peaked at 13.49 percent.

In contrast, the GSDP growth rate during the previous administration from 2019-24 was recorded at 10.32 percent. If the growth rate of 13.5 percent had been sustained, the state could have accrued an additional revenue of Rs 76,195 crore.

Regarding per capita income, he indicated that the average per capita income in AP is Rs 2,66,240 crore, reflecting an 11.89 percent growth rate, while the national average is 8.7 percent. Should the growth rate double from 7.5 percent to 15 percent, both GSDP and per capita income would see a four-fold increase.

The Chief Minister noted that the industrial sector achieved a growth rate of 12.20 percent in Q2 of 2025-26, compared to an all-India growth rate of 8.5 percent. The mining and quarrying sector reported the highest growth at 18.43 percent, followed by the construction sector at 11.81 percent, the manufacturing sector at 11.66 percent, and electricity at 11.96 percent.

Power generation saw a remarkable growth of 19.12 percent, increasing from 22,529 MUs to 26,837 MUs, in response to rising power consumption, which experienced a moderate rise of 4.17 percent.

Furthermore, the agricultural sector also registered a growth rate of 11.43 percent, while the national average growth stood at 1.8 percent. The performance of agriculture and its allied sectors was recorded at 10.70 percent, with the fishing and aquaculture sector showing a notable growth of 26.27 percent during Q2 of 2025-26.