Andhra Pradesh aims for ₹308 lakh crore economy by 2047

Andhra Pradesh government aims to transform the state into a ₹308 lakh crore economy by 2047.

Photo by Chaitanya Chunduri

Andhra Pradesh Governor S. Abdul Nazeer outlined an ambitious roadmap for the 2026–27 financial year, declaring that the State was moving from a phase of “revival” to one of “ascendance” under the vision of Swarna Andhra 2047.

The government aimed to transform Andhra Pradesh into a ₹308 lakh crore economy with a per capita income of ₹55 lakh by 2047. He described the past 19 months as a calibrated journey from resurgence to renewed confidence, focused on restoring financial stability, rebuilding institutions, and placing citizens at the centre of governance.

Key Facts

Andhra Pradesh aims to become a ₹308 lakh crore economy by 2047.

The target per capita income is ₹55 lakh by 2047.

The vision is named Swarna Andhra 2047.

The state is moving from a phase of revival to ascendance.

UPSC Exam Angles

GS Paper 3: Indian Economy - Planning, resource mobilization, growth, development and employment.

Connects to syllabus topics on economic planning, NITI Aayog's role, and state-level economic development.

Potential question types: Statement-based, analytical questions on economic planning and development.

Visual Insights

Andhra Pradesh Economy: Key Targets

Key economic targets set by Andhra Pradesh government as part of Swarna Andhra 2047 vision.

Target Economy Size by 2047: ₹308 lakh crore
Target Per Capita Income by 2047: ₹55 lakh

More Information

Background

Andhra Pradesh's ambitious economic goals are set against the backdrop of India's broader economic planning history. The concept of economic planning in India dates back to the pre-independence era, with the establishment of the National Planning Committee in 1938 by Subhas Chandra Bose. This committee aimed to formulate a comprehensive national plan for economic development. Post-independence, India adopted a mixed economy model, emphasizing both public and private sector participation. The Planning Commission of India, established in 1950, played a crucial role in formulating Five-Year Plans, guiding the nation's economic development. These plans aimed to achieve specific targets in various sectors, including agriculture, industry, and infrastructure. The plans also focused on social justice and poverty reduction. However, with economic liberalization in 1991, the role of the Planning Commission gradually diminished. In 2015, the Planning Commission was replaced by NITI Aayog (National Institution for Transforming India). NITI Aayog serves as a think tank, providing strategic and technical advice to the government. It focuses on cooperative federalism and promotes competitive federalism among states. NITI Aayog plays a key role in shaping India's economic policies and development strategies. State-level economic planning is also crucial for achieving overall national development goals. States formulate their own plans and policies, taking into account their specific needs and resources. Andhra Pradesh's vision of becoming a ₹308 lakh crore economy by 2047 reflects its commitment to economic growth and development, aligning with the broader national objectives.

Latest Developments

In recent years, Andhra Pradesh has focused on attracting investments and promoting industrial growth. The state government has implemented various policies to improve the ease of doing business and attract both domestic and foreign investments. Key sectors of focus include manufacturing, IT, and renewable energy. These efforts align with the national agenda of Make in India and sustainable development. Andhra Pradesh has also been actively promoting social welfare and inclusive growth. The state government has launched several schemes to provide financial assistance and support to vulnerable sections of society. These schemes aim to improve access to education, healthcare, and employment opportunities. The focus on social welfare is in line with the principles of inclusive growth, ensuring that the benefits of economic development reach all sections of society. Looking ahead, Andhra Pradesh aims to leverage its strategic location and natural resources to drive economic growth. The state government is focusing on developing infrastructure, including ports, roads, and airports, to improve connectivity and facilitate trade. The development of a robust infrastructure network is crucial for attracting investments and promoting economic activity. The state is also focusing on skill development and education to create a skilled workforce that can meet the demands of a growing economy. The state's vision of Swarna Andhra 2047 reflects its long-term commitment to sustainable and inclusive development, aligning with the national goals of achieving a $5 trillion economy. However, Andhra Pradesh faces several challenges in achieving its ambitious economic goals. These challenges include fiscal constraints, infrastructure gaps, and the need to improve governance and institutional capacity. Addressing these challenges will require concerted efforts from the government, private sector, and civil society. Overcoming these hurdles is essential for realizing the state's vision of becoming a prosperous and developed economy by 2047.

Frequently Asked Questions

1. What are the key facts about Andhra Pradesh's economic goals for 2047 that are important for the UPSC Prelims exam?

For the UPSC Prelims, remember these key facts: Andhra Pradesh aims to become a ₹308 lakh crore economy by 2047. The target per capita income is ₹55 lakh by 2047. The vision is named Swarna Andhra 2047.

Exam Tip

Focus on the target year (2047) and the targeted economic figures (₹308 lakh crore and ₹55 lakh per capita income).

2. What is 'Swarna Andhra 2047' and why is it important in the context of Andhra Pradesh's economic planning?

Swarna Andhra 2047 is the vision document outlining Andhra Pradesh's goal to become a ₹308 lakh crore economy with a per capita income of ₹55 lakh by 2047. It is important because it represents the state's long-term economic strategy and development goals.

3. How does Andhra Pradesh's 'Swarna Andhra 2047' vision align with national initiatives like 'Make in India'?

Andhra Pradesh's focus on attracting investments and promoting industrial growth aligns with the 'Make in India' initiative. The state's efforts to improve the ease of doing business and attract both domestic and foreign investments contribute to the national goal of boosting manufacturing and economic self-reliance.

4. What are the potential challenges and opportunities for Andhra Pradesh in achieving its ambitious economic targets by 2047? How might these impact the common citizen?

Achieving these targets requires sustained economic growth, effective governance, and strategic investments. Challenges include global economic fluctuations, resource constraints, and the need for skilled labor. Success could lead to increased employment opportunities, improved infrastructure, and a higher standard of living for citizens.

5. What is the significance of the period described as a 'calibrated journey from resurgence to renewed confidence' in Andhra Pradesh's economic roadmap?

The 'calibrated journey' refers to the 19 months where the government focused on restoring financial stability, rebuilding institutions, and prioritizing citizens in governance. This period is significant as it lays the foundation for the state's ambitious economic goals outlined in Swarna Andhra 2047.

6. According to the article, what are the targeted economy size and per capita income that Andhra Pradesh aims to achieve by 2047?

As per the topic data, Andhra Pradesh aims to achieve a ₹308 lakh crore economy with a per capita income of ₹55 lakh by 2047.

Practice Questions (MCQs)

1. Consider the following statements regarding Andhra Pradesh's economic vision 'Swarna Andhra 2047': 1. The state aims to achieve a ₹308 lakh crore economy by 2047. 2. The targeted per capita income for Andhra Pradesh by 2047 is ₹55 lakh. 3. The vision focuses solely on economic growth, disregarding social welfare aspects. Which of the statements given above is/are correct?

A.1 and 2 only
B.2 and 3 only
C.1 and 3 only
D.1, 2 and 3

Show Answer

Answer: A

Statement 1 is CORRECT: Andhra Pradesh aims to transform into a ₹308 lakh crore economy by 2047, as stated in the news summary. Statement 2 is CORRECT: The targeted per capita income for Andhra Pradesh by 2047 is ₹55 lakh, as mentioned in the news summary. Statement 3 is INCORRECT: The news summary mentions that the government is focused on restoring financial stability, rebuilding institutions, and placing citizens at the centre of governance, indicating a focus on social welfare aspects as well.

2. Which of the following organizations replaced the Planning Commission of India?

A.Reserve Bank of India (RBI)
B.National Development Council (NDC)
C.NITI Aayog
D.Finance Commission

Show Answer

Answer: C

The Planning Commission of India was replaced by NITI Aayog (National Institution for Transforming India) in 2015. NITI Aayog serves as a think tank and provides strategic and technical advice to the government.

3. Assertion (A): Andhra Pradesh aims to become a ₹308 lakh crore economy by 2047. Reason (R): The state government is focusing on restoring financial stability and rebuilding institutions. In the context of the above, which of the following is correct?

A.Both A and R are true and R is the correct explanation of A
B.Both A and R are true but R is NOT the correct explanation of A
C.A is true but R is false
D.A is false but R is true

Show Answer

Answer: B

Assertion (A) is TRUE: Andhra Pradesh aims to become a ₹308 lakh crore economy by 2047, as stated in the news summary. Reason (R) is TRUE: The state government is indeed focusing on restoring financial stability and rebuilding institutions, as mentioned in the news summary. However, Reason (R) is not the direct or complete explanation for Assertion (A). While financial stability and institutional rebuilding are important factors, they are not the sole reasons for the ambitious economic goal.