CHAPTER

2
MACRO ECONOMIC
AGGREGATES
SOCIO ECONOMIC SURVEY 2019-20 15

MACRO ECONOMIC AGGREGATES

in formulation of policies by administrators, policy

Economic Growth makers and planners.
“State Domestic Product” is defined as the aggregate of
the economic value of all goods and services produced
Amidst fears of Global economic slowdown, there have within the geographical boundaries of the state, counted
been apprehensions at the National level about the likely without duplication during a specified period of time,
prospects of growth in the current year, largely driven by usually a year.
various external factors. Experts believe that India's
aspiration to become a $5 trillion economy by 2024 Estimates of GSDP at Constant (2011-12)
depends on strengthening markets by promoting pro-
Prices
business policies to provide equal opportunities, enable
fair competition and ease of doing business. As per the Advance Estimates for the year 2019-20, the
GSDP of Andhra Pradesh at constant (2011-12) Prices is
The State Government, committed to the welfare of all
estimated at Rs.6,72,018 crores as against Rs.6,21,301
sections of the people also intends to achieve steady
crores in 2018-19 (First Revised Estimates) indicating a
economic development propelled by growth in all
growth of 8.16%. The State has registered a growth rate
sectors. In order to achieve this, the government is
of 4.45% during 2018-19.
committed to give special thrust to focus on education,
health, skill development and employment generating National Statistical Office (formerly CSO), Ministry of
activities and give a big push to these areas, besides Statistics and Programme Implementation, Govt. of India
continuous focus on agriculture and a strong value chain. in its Second Advance Estimates has estimated the GDP
of the Country for the year 2019-20 at Rs.146.84 lakh Cr.
State Economy registering a growth rate of 5.0%.
Thus, the higher growth rate (8.16%) achieved by the
The State Domestic Product (SDP) commonly known as
state during the year 2019-20(AE), assumes significance
State Income is one of the important indicators to
when compared with its last year growth(4.45%) or when
measure the economic development of the state. In the
compared with the Nation's growth (5.0%) in 2019-
context of planned economic development of the state,
20(AE).
State income and Per Capita Income (PCI) play a vital role

Broad sector wise GSDP estimates at Constant (2011-12) Prices are as follows:
( Rs. in crores)
Broad Sector/ 2015-16 2015-16 2015-16 2019-20
2015-16 (TRE) (SRE) (FRE) (AE)
Growth Rates
Agriculture & Allied 121518 139717 165271 171625 186393
Growth Rate 8.31 14.98 18.29 3.84 8.60
Industry 123855 139316 146317 146334 154627
Growth Rate 10.74 12.48 5.03 0.01 5.67
Services 205080 208694 225945 240828 262772
Growth Rate 12.08 1.76 8.27 6.59 9.11
GSDP 498607 540212 594841 621301 672018
Growth Rate 12.16 8.34 10.11 4.45 8.16
16 SOCIO ECONOMIC SURVEY 2019-20

MACRO ECONOMIC AGGREGATES

The overall economic growth of the state is essentially achievement of 8.16% for 2019-20 is significant
driven by the Services sector which has contributed the especially in the context of global economic slowdown
highest GVA growth of 9.11% in 2019-20(AE) followed by and other fallouts which perhaps have affected the
the Agriculture and Allied sector with 8.60% growth and national economy and its attendant impact on the State
Industry sector with a growth rate of 5.67%. The growth as well.

Broad Sector Wise Estimates at Constant (2011-12) Prices

from 2017-18 (SRE) To 2019-20 (AE)
(Rs. in lakh crores)

Agriculture broad sector: As per Second Advance Estimates, Paddy, Maize and
Ground nut crops have shown increase in production in
Agriculture sector comprises of Agriculture, Horticulture, the current year. While Production of Paddy is estimated
Livestock, Forestry & Logging and Fishing & Aquaculture at 130.62 lakh MTs in 2019-20 as against 123.52 lakh MTs
sectors. The Agriculture & Allied Sectors as a key sector in 2018-19, Maize Production is estimated at 18.04 lakh
supporting more than 60% of the population, registered MTs in 2019-20 as against 15.63 lakh MTs in 2018-19 and
a growth rate of 8.60% in 2019-20 (AE) at Constant (2011- Groundnut is expected to show an increase of 2.88
12) Prices with a GVA of Rs.1,86,393 crores as compared to lakh MTs in production, with an estimated Production
Rs.1,71,625 crores during 2018-19(FRE). of 7.50 lakh MTs in 2019-20 as compared to 4.62 lakh
As compared to 635.0 mm of rainfall received during MTs in 2018-19. Among the non-food crops, Cotton
2018-19, 814.6 mm of rainfall is received during the and Tobacco too are estimated to register an increase.
current year. Due to favourable seasonal conditions, the Production of Cotton is estimated at 11.62 lakh MTs in
'Agriculture' sector GVA grew by 18.96% followed by 2019-20 as against 7.60 lakh MTs in 2018-19 while the
'Horticulture' sector with 11.67%. Production of Tobacco is estimated at 1.69 lakh MTs in
2019-20 as against 1.40 lakh MTs in 2018-19.
SOCIO ECONOMIC SURVEY 2019-20 17

MACRO ECONOMIC AGGREGATES

Most of the important horticulture crops are estimated Chillies (Dry) is estimated at 12.10 lakh MTs in 2019-20 as
to register an increase in the production. Banana crop is against 9.51 lakh MTs in 2018-19, Production of Mango is
set to register an increase of over 11 lakh MTs in the estimated at 59.06 lakh MTs in 2019-20 as against 50.16
current year, as the Production of Banana in 2019-20 is lakh MTs in 2018-19 and the Production of Tomato is
estimated at 73.26 lakh MTs as against 62.24 lakh MTs in estimated at 31.03 lakh MTs in 2019-20 as against 25.03
2018-19. Among other crops, Chillies, Mango and lakh MTs in 2018-19. The Livestock and Fishing &
Tomato are expected to register an increase in Aquaculture sectors grew by 4.53% and 5.05%
production as compared to last year. Production of respectively.

Agriculture & Allied Sector - GVA At Constant (2011-12) Prices

from 2017-18 (SRE) To 2019-20 (AE)
(Rs. in crores)

Industry Sector Rs.1,54,627 crores as against Rs.1,46,334 Cr. in 2018-19

(FRE). Mining & Quarrying and Electricity, Gas, Water
As per the Advance Estimates for the year 2019-20, Supply, Remediation & Other Utility Services sectors
Industry Sector at Constant (2011-12) prices is expected have registered impressive growth rates of 9.6% and
to register a growth rate of 5.67% and is estimated at 9.7% respectively.
18 SOCIO ECONOMIC SURVEY 2019-20

MACRO ECONOMIC AGGREGATES

Industry Sector - GVA at Constant (2011-12)

Prices from 2017-18 (SRE) To 2019-20 (AE)
(Rs. in crores)

Services Sector
The Advance Estimates for the year 2019-20 at Constant of 9.11% over last year. Trade, Hotels & Restaurants,
(2011-12) prices for Services Sector project an expected Transport by other means & Storage, Real Estate &
addition of about Rs. 22,000 Cr. to the state economy. The Professional Services, Public Administration and Other
Services Sector is estimated at Rs.2,62,772 Cr. as against Services registered a growth rate of 6.27%, 5.94%, 6.67%,
Rs.2,40,828 Cr in 2018-19(FRE), indicating a growth rate 18.97% and 16.64% respectively.
SOCIO ECONOMIC SURVEY 2019-20 19

MACRO ECONOMIC AGGREGATES

Service Sector - GVA at Constant (2011-12)

Prices from 2017-18 (SRE) to 2019-20 (AE)
(Rs. in crores)

Estimates of GSDP at Current Prices Per Capita Income :

The GSDP at Current Prices for the year 2019-20 (AE), As per the Advance estimates of 2019-20, the Per Capita
which indicates the size of the state economy, is Income of Andhra Pradesh at current prices increased to
estimated to go up by Rs. 1.10 lakh Cr. as compared to last Rs.1,69,519 from Rs.1,51,173 in 2018-19(FRE) registering
year. The GSDP for 2019-20(AE) is estimated at a growth of 12.14 percent. All India per capita income for
Rs.9,72,782 Cr. as against the First Revised Estimate for 2019-20 stands at Rs.1,34,432.
the year 2018-19 of Rs.8,62,957 Cr. This amounts to a
growth of 12.73% at current prices in 2019-20 in
comparison to All India's growth rate of 7.5 %.
20 SOCIO ECONOMIC SURVEY 2019-20

MACRO ECONOMIC AGGREGATES

Broad sector wise GSDP estimates at Current Prices are as follows:

Broad Sector / 2015-16 2016-17 2017-18 2018-19 2019-20

Growth Rate (TRE) (SRE) (FRE) (AE)

Agriculture & Allied 173167 210863 259046 275984 320218

Growth Rate 16.85 21.77 22.85 6.54 16.03
Industry 134301 150394 169189 178858 191857
Growth Rate 8.06 11.98 12.50 5.71 7.27
Services 248953 263246 296991 329765 367747
Growth Rate 15.67 5.74 12.82 11.04 11.52
GSDP 604229 684416 793186 862957 972782
Growth Rate 15.10 13.27 15.89 8.80 12.73
PCI (in Rs.) 108002 120676 139680 151173 169519
Growth Rate 15.01 11.74 15.75 8.23 12.14

GSDP of Andhra Pradesh and GDP of All India :

The GSDP of Andhra Pradesh and GDP of All India at Current & Constant (2011-12) prices
(Rs.in crores & growth rate in percent)
Andhra Pradesh All India

GSDP at GSDP at GDP at GDP at

YEAR Growth Constant Growth Growth Constant Growth
Current (%) (2011-12) (%) Current (2011-12) (%)
Prices Prices (%)
Prices Prices
2011-12 379402 379402 8736329 8736329
2012-13 411404 8.43 380629 0.32 9944013 13.8 9213017 5.5
2013-14 464272 12.85 407115 6.96 11233522 13.0 9801370 6.4
2014-15 524976 13.07 444564 9.20 12467959 11.0 10527674 7.4
2015-16 604229 15.10 498607 12.16 13771874 10.5 11369493 8.0
2016-17 (TRE) 684416 13.27 540212 8.34 15391669 11.8 12308193 8.3
2017-18 (SRE) 793186 15.89 594841 10.11 17098304 11.1 13175160 7.0
2018-19 (FRE) 862957 8.80 621301 4.45 18971237 11.0 13981426 6.1
2019-20 (AE) 972782 12.73 672018 8.16 20384759 7.5 14683835 5.0
SOCIO ECONOMIC SURVEY 2019-20 21

MACRO ECONOMIC AGGREGATES

Per Capita Income (PCI) at Current Prices of All India & Andhra Pradesh

Andhra Pradesh All India

YEAR PCI (NSDP) PCI (NNI)
in Rupees in Rupees

2011-12 69000 63462

2012-13 74688 70983
2013-14 82870 79118
2014-15 93903 86647
2015-16 108002 94797
2016-17 (TRE) 120676 104880
2017-18 (SRE) 139680 115293
2018-19 (FRE) 151173 126521
2019-20 (AE) 169519 134432

Per Capita Income at Current Prices from 2011-12 to 2019-20 (AE)

The time series showing the values of various economic Annexures – 2.1 to 2.5 and for All India estimates are
aggregates for Andhra Pradesh state are given at shown at Annexures - 2.6 to 2.10.