Sun­rise state ready to shine

Maritime Gateway - - Contents - By Omer Ahmed Sid­diqui

Hav­ing notched the third po­si­tion in the na­tional lo­gis­tics in­dex within just four years of for­ma­tion, the sun­rise state is now chas­ing a larger vi­sion to be among the top 15 states in the Global Com­pet­i­tive­ness In­dex.

Hav­ing notched the third po­si­tion in the na­tional lo­gis­tics in­dex within just four years of for­ma­tion, the sun­rise state is now chas­ing a larger vi­sion to be among the top 15 states in the Global Com­pet­i­tive­ness In­dex Nara Chan­drababu Naidu Chief Min­is­ter of Andhra Pradesh Andhra Pradesh is grow­ing at a sus­tained dou­ble digit rate and has the re­quired in­fra­struc­ture of ports and air­ports to fa­cil­i­tate in­vest­ments. AP is among the top three states in In­dia to at­tract most FDIS in 2016.

Can any­one ex­pect a newly formed state in a coun­try to post a growth rate which is much higher than the coun­try it­self? Well, the sun­rise state of Andhra Pradesh has achieved this re­mark­able feat un­der the vi­sion­ary lead­er­ship of Chief Min­is­ter Chan­drababu Naidu. The gov­ern­ment has set a tar­get of achiev­ing 15 per cent CAGR in the years to come. Andhra Pradesh suc­ceeded in achiev­ing the dou­ble-digit growth rate from 8.51 per cent in 2014-15 to 11.37 per cent dur­ing the first half of the cur­rent fis­cal, 2017-18. “Com­pared with the na­tional growth rate of 5.8 per cent, A.P.’S growth rate is very im­pres­sive. But a lot has to be done, as the CAGR is still hov­er­ing over 12 per cent. We need to im­prove it and a lot needs to be done in the in­dus­try and ser­vices sec­tors,” says N Chan­drababu Naidu, Chief Min­is­ter of the state.

Fol­low­ing the bi­fur­ca­tion in 2014 the state was left in a very chal­leng- ing sit­u­a­tion with rev­enue and power deficit. But within three to four years of for­ma­tion the state has cat­a­pult to num­ber one po­si­tion on var­i­ous fronts – ease of do­ing busi­ness, at­tract­ing pri­vate sec­tor in­vest­ments, in­fra­struc­ture re­forms and e-gov­er­nance and tech­nol­ogy ini­tia­tives. Andhra Pradesh is to­day the fastest grow­ing state in In­dia with 10.99 per cent GSDP growth rate in FY2015-16. Andhra Pradesh is the first state to in­tro­duce sin­gle win­dow clear­ance. The gov­ern­ment de­part­ments en­sure to award all clear­ances within 21 days for any in­vest­ment pro­posal through a sin­gle win­dow.

The state gov­ern­ment has a vi­sion to grow at 10-15 per cent ev­ery year till 2029, in terms of GDP and the per capita GDP has to reach $12,00015,000 in this time frame. Since 2014 the state has al­ready clocked dou­ble

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