Andhra CM Applauds Residents for Achieving Second-Highest Growth Rate
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Synopsis
On April 6, Andhra Pradesh Chief Minister N. Chandrababu Naidu praised the state's citizens for their achievement of the second-highest growth rate in India for the fiscal year 2024-25, marking a significant economic turnaround.
Key Takeaways
- Andhra Pradesh achieved a growth rate of 8.21% for 2024-25.
- The state ranks second in India, following Tamil Nadu.
- Significant progress seen in agriculture, manufacturing, and services.
- Government policies foster a business-friendly climate.
- Investment of Rs 8 lakh crore and creation of five lakh jobs in 10 months.
Amaravati, April 6 (NationPress) The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, expressed his congratulations to the citizens of the state for achieving the second-highest growth rate in the country for the financial year 2024-25.
On the social media platform 'X', the Chief Minister declared that Andhra Pradesh is on the rise.
He stated, "According to the latest information from the Ministry of Statistics & Programme Implementation, Government of India, our state has achieved an impressive 8.21 percent growth rate for 2024–25, making it the second highest in India. Within less than a year of taking charge, our policies have transitioned Andhra Pradesh from distress to a state of growth and renewed optimism," he posted.
"This remarkable progress has been fueled by a comprehensive revival in agriculture, manufacturing, and services, along with substantial investments in IT, electronics, automobiles, and renewable energy. I extend my heartfelt congratulations to the people of Andhra Pradesh for this collective accomplishment. Together, let us strive to create a brighter future," he added.
The data released by the Ministry of Statistics and Program Implementation shows that Andhra Pradesh achieved a noteworthy 8.21 percent growth rate, second only to Tamil Nadu, which topped the list with 9.69 percent. This growth is particularly apparent in the manufacturing, services, and agriculture sectors.
The state government asserts that it is nurturing a business-friendly environment through efficient procedures, transparent regulations, and policies geared towards investors.
Furthermore, the state has been acknowledged as a leading performer in executing the Business Reforms Action Plan (BRAP).
The administration has stated that the government led by Chandrababu Naidu is focused on the mission to position Andhra Pradesh as the top state in India. Since assuming the role of Chief Minister for the fourth time in June 2024, he has been making courageous decisions to effectively tackle key issues, aiding the state in recovering from the previous administration's setbacks.
The government claims that reforms instituted by the coalition government under Chandrababu Naidu’s guidance are producing beneficial results. To attract more industries, the state has introduced three new industrial policies aimed at enhancing investment, generating job opportunities, and promoting sustainable development.
The government highlighted that the Rs 8 lakh crore in investments and the creation of five lakh job opportunities in the past 10 months are solid proof of the ongoing development within the state.
According to the government, the state is on a promising trajectory to maintain its growth momentum and become a leading force of economic progress for the nation.
