Andhra Pradesh aims for $2.40-trillion economy by 2047, says Naidu

The Hindu
The Hindu
1h ago 1 view
Andhra Pradesh aims to become a $2.40 trillion economy by 2047, with a projected per capita income of $42,000, as stated by Chief Minister Naidu.
Andhra Pradesh aims for $2.40-trillion economy by 2047, says Naidu
A What happened
During the CII Partnership Summit, Chief Minister N. Chandrababu Naidu expressed confidence that Andhra Pradesh could reach a $2.40 trillion economy by 2047, with a per capita income of $42,000. He highlighted the state's youthful demographic and other advantages that could drive this growth. The summit featured participation from 30 international ministers and included 700 business-to-business sessions, fostering cultural exchange and discussions on social issues. Notable international figures praised Andhra Pradesh's economic progress and its collaborations in areas like renewable energy and trade agreements. The event showcased the state's commitment to becoming a leader in India's industrial and technological advancement.
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Key insights

  • 1

    Youthful Population Advantage

    Andhra Pradesh's young demographic is seen as a key driver for economic growth.

  • 2

    International Collaboration

    The state is engaging with global partners to enhance trade and investment.

  • 3

    Focus on Renewable Energy

    Partnerships are being formed to advance renewable energy initiatives.

Takeaways

Andhra Pradesh's ambitious economic goals reflect its strategic positioning and collaborative efforts, aiming for significant growth by 2047.

Topics

Economy International Affairs Sustainability