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Located in south India, Andhra Pradesh is the fourth largest economy in the country. At national level, the state stands first in the generation of hydroelectric power. According to the predictions of 2007-2008, its gross state domestic product (GSDP) at constant prices is projected to record a growth of 10.37 percent. During the 11th Five Year Plan (2007-2012), the state is focussing on 9 percent annual economic growth. The states' GSDP growth averaged 6.8 percent during 2002-07. Its major thriving fields have been IT, pharmaceuticals, biotech, outsourcing, electronic hardware, textiles, and mining.
Advantage Andhra Pradesh
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Hyderabad is ranked as the No. 1
Indian ITES destination by NASSCOM
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Ranks second in the number of
industrial estates in the country
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Only state with abundant energy
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Several world-class academic
institutions with foreign
collaborations
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Accounts for about 23 per cent of
software professionals in India
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Second largest storehouse of
minerals in the country
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Content Source: www.ibef.org
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Andhra Pradesh
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