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== Economy == {{Main|Economy of Andhra Pradesh}} [[Gross state product|Gross state domestic product]] (GSDP/GDP) at current prices for the year 2022β23 is estimated at {{INRConvert|1317728|c|abbr=on|year=2023}} (advanced estimates). The share of agriculture's contribution to the GSDP is at 36.19%, while industry is at 23.36%, and services are at 40.45%. The state posted a record growth of 7.02% at constant prices (2011β12) against the country's growth of 7%. GDP per capita is estimated at {{INRConvert|219518|abbr=on}}. The sectoral growth rates at constant 2011β12 prices were for agriculture at 4.54%; industry at 5.66 and services at 10.05%.{{Sfn|DOP|2023|p=3}}<ref name="SES 2022-23 news">{{Cite news |last=M |first=Sambasiva Rao |date=16 March 2023 |title=Andhra Pradesh posts a growth of 16.22% over the previous year |work=[[The Hindu]] |url=https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-posts-a-growth-of-1622-over-the-previous-year/article66623793.ece |access-date=25 March 2023 |archive-date=25 March 2023 |archive-url=https://web.archive.org/web/20230325001840/https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-posts-a-growth-of-1622-over-the-previous-year/article66623793.ece |url-status=live|url-access=subscription}}</ref> Poverty rate is reduced to 4.2% in 2023 from 11.77% in 2015β16 as per ''Niti Ayog'' report. The methodology, based on the global multidimensional poverty index uses 10 indicators, covering three areas health, education, and standard of living and additionally maternal health and bank accounts.<ref>{{Cite web |title=Multidimensional poverty in India since 2005β06 |url=https://www.niti.gov.in/sites/default/files/2024-01/MPI-22_NITI-Aayog20254.pdf |publisher=Niti Ayog |access-date=19 August 2024}}</ref> Unemployment rate of people with graduation in Andhra Pradesh is estimated at 24% as per periodic labour force survey of July 2022 to June 2023, the third highest in the country. The number for the whole of India is at 13.4%.<ref>{{Cite news |title=Unemployment rate among graduates declines to 13.4% between July 2022 and June 2023 |url=https://www.thehindu.com/news/national/unemployment-rate-among-graduates-declines-to-134-between-july-2022-and-june-2023/article67647219.ece |date=17 December 2023 |access-date=19 July 2024 |work=[[The Hindu]] |archive-date=19 July 2024 |archive-url=https://web.archive.org/web/20240719015035/https://www.thehindu.com/news/national/unemployment-rate-among-graduates-declines-to-134-between-july-2022-and-june-2023/article67647219.ece |url-status=live }}</ref> === Agriculture === [[File:Konaseema greenery 1.JPG|thumb|alt=|Lush green farms in [[Konaseema district|Konaseema]]]] The agricultural economy comprises agriculture, livestock, poultry farming, and fisheries.{{Sfn|DES|2021|p=31}} Four important rivers in India, the Godavari, Krishna, Penna, and [[Tungabhadra River|Tungabhadra]], flow through the state and provide irrigation.<ref name="wrd-aboutus"/> The population engaged in agriculture and related activities as per 2020β21 fiscal data is 62.17%.{{Sfn|DES|2021|p=vii (Executive summary)}} [[Rice]] is the state's major food crop and staple food.{{Sfn|DES|2021|p=9}} Besides rice, farmers grow [[Sorghum bicolor|jowar]], [[Pearl millet|bajra]], [[maize]], many varieties of [[Legume|pulses]], [[sugarcane]], [[cotton]], [[tobacco]], fruits, and vegetables.{{Sfn|DES|2021|p=110-113}} The state contributed to 30% of fish production of India and it had a share of 35% in total sea food exports of India in 2022β23.{{Sfn|DES|2021|p=6}} The state has three agricultural export zones: the undivided Chittoor district for mango pulp and vegetables, the undivided Krishna district for mangoes, and the undivided Guntur district for [[Chili pepper|chillies]].<ref>{{Cite news|title=United AP stood second in agri exports|url=http://www.thehindu.com/news/cities/Vijayawada/united-ap-stood-second-in-agri-exports/article8116244.ece|access-date=17 January 2016|work=[[The Hindu]]|date=17 January 2016|location=Vijayawada|archive-url=https://web.archive.org/web/20160117011133/http://www.thehindu.com/news/cities/Vijayawada/united-ap-stood-second-in-agri-exports/article8116244.ece|archive-date=17 January 2016|url-access=subscription|url-status=live}}</ref> [[Banganapalle (mango)|Banaganapalle mangoes]] produced in the state were accorded GI status in 2017.<ref>{{Cite news|title=Banaganapalle mangoes finally get GI tag|url=https://www.deccanchronicle.com/nation/current-affairs/040517/banaganapalle-mangoes-finally-get-gi-tag.html|access-date=13 May 2017|work=[[Deccan Chronicle]]|date=4 May 2017|archive-url=https://web.archive.org/web/20170505001210/http://www.deccanchronicle.com/nation/current-affairs/040517/banaganapalle-mangoes-finally-get-gi-tag.html|archive-date=5 May 2017|url-status=live}}</ref><ref name="GIlist"/> ''Rythu Seva Kendras'' (RSK) or farmer facilitation centres are initiated by the government in 2020 to serve as a hassle-free, one-stop solution for the requirements of farmers from seed-to-sale.<ref>{{Cite news |title=195 Rythu Bharosa Kendras getting ready in the first phase |url=https://www.thehindu.com/news/cities/Visakhapatnam/195-rythu-bharosa-kendras-getting-ready-in-the-first-phase/article30952002.ece |date=19 February 2020 |access-date=6 May 2024 |work=[[The Hindu]]|url-access=subscription|url-status=live|archive-url=https://web.archive.org/web/20200301152031/https://www.thehindu.com/news/cities/Visakhapatnam/195-rythu-bharosa-kendras-getting-ready-in-the-first-phase/article30952002.ece|archive-date=1 March 2020}}</ref><ref>{{Cite news |last1=Deekshitula |first1=Subrahmanyam |title=RBKs renamed as Rythu Seva Kendras |url=https://www.thehansindia.com/andhra-pradesh/rbks-renamed-as-rythu-seva-kendras-888407 |access-date=12 August 2024 |work=[[The Hans India]] |date=1 July 2024}}</ref> Banking services through banking correspondent are also integrated. {{As of |2023|post=,}} 10,778 RSKs are functioning.<ref>{{Cite news |title=Rythu Bharosa Kendras a big success, says A.P. Agriculture Minister |url=https://www.thehindu.com/news/national/kerala/rythu-bharosa-kendras-a-big-success-says-ap-agriculture-minister/article66556800.ece |date=26 February 2023 |access-date=6 May 2024 |work=[[The Hindu]]|url-access=subscription|url-status=live|archive-url=https://web.archive.org/web/20230228040257/https://www.thehindu.com/news/national/kerala/rythu-bharosa-kendras-a-big-success-says-ap-agriculture-minister/article66556800.ece|archive-date=28 February 2023}}</ref> AP land titling act 2023 was brought in to change from presumptive land ownership system based on possession, registration or inheritance documents to conclusive land ownership system, with government standing as surety for the ownership. Lands in 6000 villages were surveyed with drones and land title certificates were issued to owners, with [[georeferencing]] of their land parcels. The benefits of the act include a reduction in land disputes and easier acquisition of lands for public requirements.<ref>{{Cite news |title=The Hindu Explains {{!}} Why does India need conclusive land titling? |url=https://www.thehindu.com/news/national/the-hindu-explains-why-does-india-need-conclusive-land-titling/article33891718.ece |last=Jebaraj |first=Priscilla |date=21 February 2021 |access-date=6 May 2024 |work=[[The Hindu]]|url-access=subscription|url-status=live|archive-url=https://web.archive.org/web/20210221022017/https://www.thehindu.com/news/national/the-hindu-explains-why-does-india-need-conclusive-land-titling/article33891718.ece|archive-date=21 February 2021}}</ref> The newly formed TDP led NDA alliance government decided to repeal the act citing the scope for misuse of authority and deviation from the centre's draft bill.<ref>{{Cite news |title=Cabinet gives its nod for repeal of AP Land Titling Act, ratifies new free sand policy |url=https://www.thehindu.com/news/national/andhra-pradesh/cabinet-gives-its-nod-for-repeal-of-ap-land-titling-act-ratifies-new-free-sand-policy/article68410871.ece |access-date=22 August 2024 |work=[[The Hindu]] |date=16 July 2024}}</ref> The Commission on Inclusive and Sustainable Agricultural Development of Andhra Pradesh, chaired by Prof. R. Radhakrishna, estimated the number of tenant farmers at 24.25 lakh in 2014. This consists of 6.29 lakh landless tenants and the rest owning some land. Out of 60.73 lakh hectares under cultivation, 27.15 lakh hectares or 44% was cultivated by tenants. Departmental estimates for 2021 put the number of tenant farmers at about 16 lakh. To identify and serve the needs of tenants, the Crop Cultivator Rights Act (CCRA) of 2019 was brought out. Only 26% of tenants obtained the CCRA or loan eligibility cards as per 2022 data.<ref>{{Cite book |title=Tenant Farmers Study Report 2022 Andhra Pradesh |publisher=Rythy Swarajya Vedika |year=2022 |url=https://www.im4change.org/upload/files/Report-AP-TenantFarmersStudy-English-Final%281%29.pdf |access-date=19 July 2024 |archive-date=29 March 2022 |archive-url=https://web.archive.org/web/20220329075909/https://im4change.org/upload/files/Report-AP-TenantFarmersStudy-English-Final(1).pdf |url-status=live }}</ref> === Industries === [[File:Isuzu manufacturing plant India.jpg|thumb|[[Isuzu Motors India]] manufacturing plant aerial view, [[Sri City]]]] [[File:LVM3 M4, Chandrayaan-3 - Launch vehicle lifting off from the Second Launch Pad (SLP) of SDSC-SHAR, Sriharikota 03.webp|thumb|upright| Chandrayaan-3 β Launch vehicle lifting off from the second launch pad of [[Satish Dhawan Space Centre|SDSC]]-SHAR, Sriharikota]] As per the annual survey of industries 2019β20, the number of factories was 12,582 with 681,224 employees. The top four employment providers are food products (25.48%), non-metallic minerals (11.26%), textiles (9.35%), and pharmaceuticals (8.68%). Gross value added (GVA) contributed by the industrial sector is {{INRConvert|55035|c}}, of which food products (18.95%), pharmaceuticals (17.01%), and non-metallic minerals (16.25%) are the top three contributors. From a district perspective, the top three districts were undivided Visakhapatnam, Chittoor, and Krishna.<ref>{{Cite book |title=Annual survey of industries |publisher=DES, GOAP |year=2020 |url=https://des.ap.gov.in/jsp/social/ASI2019-20.pdf |access-date=26 May 2023 }}{{cbignore}}</ref> The defence administered Hindustan Shipyard Limitedwerecondensate built the first ship in [[India]] in 1948.<ref name=hsl>{{Cite news |last1=Bhattacharjee |first1=Sumit |title=Sailing through the 75-year history of shipbuilding in India |url=https://www.thehindu.com/news/cities/Visakhapatnam/sailing-through-the-75-year-history-of-shipbuilding-in-india/article66614566.ece |access-date=22 August 2024 |work=[[The Hindu]] |date=14 March 2023|url-access=subscription}}</ref> The state has 36 big auto players, such as [[Ashok Leyland]], [[Hero Motors]], [[Isuzu Motors India]], and [[Kia Motors India|Kia Motors]],<ref>{{Cite web |url=https://apedb.gov.in/automobile-industry.html |title=Auto, automobiles & EV |access-date=26 May 2023 |website=APEDB |archive-date=26 May 2023 |archive-url=https://web.archive.org/web/20230526050349/https://apedb.gov.in/automobile-industry.html |url-status=dead }}</ref> The mining sector contributed {{INRConvert|3390|c}} in revenue to the state during 2021β22.{{Sfn|DOP|2023|p=9}} Nearly 225 million barrels of crude oil was produced from [[Ravva oil field|Ravva block]], in the shallow offshore area of the Krishna Godavari basin during 1994β2011.<ref>{{Cite web |title=Ravva Oil and Gas Field |url=https://www.offshore-technology.com/projects/ravva-field/?cf-view |website=Offshore technology |access-date=22 August 2024 |date=18 August 2011}}</ref> The state accounted for 0.6% of had and codensate production, and 2.9% of natural gas production of India in 2020β21.{{Sfn|MOPNG|2023|p=30-33}} {{As of|2023|06|20|post=,}} there are 190 science and technology organisations in Andhra Pradesh, including 12 central labs and research institutions.<ref>{{Cite web |url=https://www.indiascienceandtechnology.gov.in/organisations/state-st-organisations/all-st-institution?field_institute_state_tid=4449 |title=List of S&T organisations |access-date=20 June 2023 |website=India science, technology and innovation |publisher=Vigyan Prasar, Department of science and technology, Government of India |archive-date=20 June 2023 |archive-url=https://web.archive.org/web/20230620044153/https://www.indiascienceandtechnology.gov.in/organisations/state-st-organisations/all-st-institution?field_institute_state_tid=4449 |url-status=live }}</ref> [[Satish Dhawan Space Centre]] (SDSC), known as Sriharikota range (SHAR), on the barrier island of [[Sriharikota]] in Tirupati district, is the primary satellite launching station operated by the [[Indian Space Research Organisation]].<ref>{{Cite web |url=https://www.isro.gov.in/SDSC.html |title=SHAR |access-date=15 May 2024 |archive-date=9 August 2024 |archive-url=https://web.archive.org/web/20240809113906/https://www.isro.gov.in/SDSC.html |url-status=live }}</ref> ===Services === Trade, hotels & restaurants registered the highest growth rate of 16.64%, while public administration, the lowest growth rate of 4.24% for the year 2022β23 at constant 2011β12 prices among the services category.{{Sfn|DOP|2023|p=29}} The state is ranked third in domestic tourist footfalls for the year 2021, with 93.2 million domestic tourists, which amounts to 13.8% of all domestic tourists in India. A major share of the tourists visit temples in Tirupati, Vijayawada, and Srisailam.<ref>{{Cite news |url=https://www.deccanchronicle.com/lifestyle/travel/051222/ap-ranked-3rd-telangana-6th-in-domestic-tourist-footfalls.html |title=AP ranked 3rd, Telangana 6th in domestic tourist footfalls |date=5 December 2022 |access-date=26 May 2023 |website=Deccan Chronicle |archive-date=26 May 2023 |archive-url=https://web.archive.org/web/20230526090559/https://www.deccanchronicle.com/lifestyle/travel/051222/ap-ranked-3rd-telangana-6th-in-domestic-tourist-footfalls.html |url-status=live }}</ref> The value of [[Information technology in India|information technology]] exports from the state in 2021β22 was {{INRConvert|926|c}}, which is 0.14% of the IT exports from India. Exports have remained below 0.2% in the past five years.<ref>{{Cite news |url=https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradeshs-share-in-it-exports-is-below-02-says-union-minister/article66702647.ece |title=Andhra Pradesh's share in IT exports is below 0.2%, says union minister |date=5 April 2023 |access-date=24 May 2023 |work=[[The Hindu]] |archive-date=24 May 2023 |archive-url=https://web.archive.org/web/20230524120917/https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradeshs-share-in-it-exports-is-below-02-says-union-minister/article66702647.ece |url-access=subscription|url-status=live}}</ref>
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