Bøger af N Sreeramulu

The economy of Andhra Pradesh is one of the fastest growing economies in India, with growth outstripping that of the wider Indian economy in the past few years. The GSDP at constant (2011-12) Prices for the year 2018-19 (Advance Estimates) is estimated at Rs.850,000 crores as against Rs.4,90,134 crores for 2015-16 (First Revised Estimates) indicating a growth of 11.61%. Per Capita Income at current prices increased to Rs.1,22,376 from Rs.1,08,163 in 2015-16 registering a growth of 13.14 percent. The economy is primarily dependent on agriculture, which directly and indirectly employs 62% of the population . The state has been ranked the best state in ease of doing business in the country by the World Bank Andhra Pradesh chief minister N Chandrababu Naidu today said his government has envisaged an investment of USD 2-4 trillion for the development of Amaravati, the greenfield capital city. Addressing a gathering after listing the 'Amaravati Bond' on the Bombay Stock Exchange today, he said raising funds is not a problem if there is proper decision making and execution mechanism in place. "Our infrastructure -1.24 % development plans need USD 2-4 trillion.

Amaravati is the de facto capital city of the Indian state of Andhra Pradesh. The planned city is located on the southern banks of the Krishna river in Guntur district, within the Andhra Pradesh Capital Region, being built on a 217 sq km riverfront designed to have 51% of green spaces and 10% of water bodies. The word "Amaravati" derives from the historical Amaravathi Temple town, the ancient capital of the Satavahana dynasty. The foundation stone was laid on 22 October 2015, at Uddandarayunipalem area by the Prime Minister, Narendra Modi. The metropolitan area of Guntur and Vijayawada are the major conurbations of Amaravati. Amaravati is being constructed to serve as the new capital city of Andhra Pradesh, after Telangana was split off as a separate state in 2014. The former capital city, Hyderabad, is now located inside Telangana. A new capital city had to be either assigned or constructed on the remaining territory of Andhra Pradesh. The choice fell on the Amaravati, which was specifically designed to that end. For a transitional period of no more than 10 years, Hyderabad could continue to serve as the residence of Andhra Pradesh's official state institutions.