AP registers 10.5 % growth rate, aims 15% in FY 2016-17

05Andhra Pradesh has registered 10.5% growth during 2015-16 (up to 31st December 2015). While the state’s growth in 2014-15 was 8.39% at constant prices, the dream of double-digit growth was realized in the first year itself. Andhra Pradesh has achieved 10.5% growth at constant prices during 2015-16, against India’s growth rate of 7.3%. West Godavari, Nellore, Chittoor and Srikakulam district performed well.

Inspired by the success achieved during 2015-16 and keeping in view of the potential resources, Chief Secretary S. P. Tucker told that the state is aiming 15% growth in the next fiscal. He disclosed the targets in the two-day collectors’ conference in Vijayawada today . He added the state is aiming for 15% growth rate in 2016-17, while focusing on economic development and social sector development, leading to inclusive double-digit growth.

Finance Minister  Yanamala Ramakrishnudu briefed about the state’s finances for 2015-16 Financial Year. He said the state government has shown a 2.1% increase in GSDP during 2015-16 FN. “Keeping a vigil on financial constraints, this year’s budget expenditure was more than budget allocation. The departments were able to mobilize funds judiciously, he said.

The Chief Minister unveiled two books during the conference: Best Practices in the state in fisheries, interlinking of rivers, Neeru-Chettiu Energy and Vigilance sectors and Quarterly Performance and Assessment Report 2015-16.

Want to drought-proof state by next year: CM

Delivering keynote remarks on ‘Transforming Governance for Inclusive and Sustainable Double Digit Growth’, Chief Minister  N. Chandrababu Naidu stressed on drought-proofing the state by next year. He pointed out that the government’s efforts such as cascading and desiltation of tanks were effective in Rayalaseema. He said that the Pattiseema lift irrigation project on Godavari river is a major initiative to link Godavari with Krishna river, thereby solving the water woes of parched regions in the state. In order to drought-proof the state, the Chief Minister said, seven projects will be taken up on a priority basis. He said effective utilisation of water resources and their conservation was very essential keeping in view water needs.

Stating the government is at the forefront to make agriculture a viable profession, the Chief Minister said that the government plans to reform the sector by setting up Farmers Producers Organizations. He explained that the government has brought in a unique convergence in MNREGA funds by utilizing the funds for cement roads, Farm Ponds (Panta Sajivini) and dry spell mitigation.

Stating that officials are accountable for every work they take up, the Chief Minister said that every unit of work should be measured and linked to development. He also suggested that officials should mark their priorities rightly and balance welfare and development in order to create a sustainable economy. “There is no point in development if there is no public satisfaction,” he said.

 

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