15% annual growth vital for achieving $ 2.7 trn GSDP: Chandrababu Naidu

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15% annual growth vital for achieving $ 2.7 trn GSDP: Chandrababu Naidu - Business Standard

Quick Summary:

Addressing a press conference at the CM's Office, Naidu emphasised that maintaining a consistent growth rate of 15 per cent would result in a GSDP of Rs 347 lakh crore (USD 2.74 trillion) by 2047, along with a per capita income of Rs 58 lakh (USD 45,787).

Chief Minister N Chandrababu Naidu on Thursday unveiled a series of economic growth projections for Andhra Pradesh, saying that an annual growth rate of 15 per cent over the next 22 years is essential to achieve a GSDP of USD 2.74 trillion by 2047.

Now, I am planning for a 15 per cent growth rate, which will lead to a GSDP of Rs 347 lakh crore by 2047 and a per capita income of Rs 58 lakh.