Though it inherited a very badly managed economy, Andhra Pradesh ranked 2nd in the country among the states that achieved the highest economic growth rate in the last financial year. It recorded the highest economic growth rate. In the financial year 2024-2025, AP achieved a total growth rate of 8.21 percent. Only Tamil Nadu is ahead of AP. It topped the list with a growth rate of 9.69 percent.
The growth rate in manufacturing, service and agriculture sectors in AP was included in its report to the central government. Measures such as standing at the top in the ease of doing business, industrial policies and transparency in administration have contributed to creating a favorable environment for investments.
AP has also been recognized as a leader in the implementation of the Business Reforms Action Plan. AP has been able to record the highest economic growth rate due to its tireless efforts to make the state number one in the country. Since Chandrababu Naidu was sworn in as the Chief Minister for the fourth time in June last year, he has focused on the economic sector.
The key issues facing the state have been effectively resolved. Immediate steps are being taken to recover from the losses incurred by the previous government. The reforms being implemented by the TDP- Jana Sena- BJP coalition government are yielding positive results.
The Chandrababu Naidu government has announced three new industrial policies aimed at attracting more industrial investments, creating employment opportunities and promoting sustainable economic growth. During the 10 months since the TDP coalition government came to power, the investments of nearly Rs 8 lakh crores and the creation of five lakh jobs are a testament to the development taking place in the state.
Chandrababu Naidu has contributed to this industrial revival through his visionary policies, most particularly creating confidence among possible investors. It may be recalled that during the previous government regime practically the investments stalled in the state and even existing investors opted to go out of the state. AP is emerging as a growth engine for the country’s economic progress by significantly increasing its growth rate.