The development initiatives taken by the state government have put Andhra Pradesh on the path of progress, Chief Minister K Rosaiah said on Monday.
The economy of the state showed strong performance in terms of aggregate growth during the 10th Five Year Plan (2002-03 to 2006-07). The average growth rate of GSDP at 8.3 per cent during the 10th plan period was higher than the all-India average GDP growth rate of 7.8 per cent, a release from the Chief Minister's Office said.
During a meeting with top officials, Rosaiah expressed happiness over the fact that though global economic slowdown had impacted some sectors during 2008-09, industry and service sectors showed resilience and bounced back in 2009-10.
The state government conducted a mid-term appraisal of the 11th Five Year Plan (2007-08 to 20011-12) which showed that the state is making good progress on path of development, the release said.
The Chief Minister said record food-grain production of 204.21 lakh tonnes aided by good rainfall during 2008-09 and this year has given boost to agriculture sector.
The government hopes to achieve record food grain production of over 208 lakh MTs this year, the release said.
The industrial sector also showed promising growth, it added.