25-March-2026
Economy News
 
Andhra Pradesh targets $2.4 trillion economy by 2047, eyes 15% CAGR with sectoral cluster push
24-Mar-2026

Andhra Pradesh aims to become a $2.4 trillion economy by 2047, driven by a set of high-growth sectors including steel, said Nara Lokesh, the state’s minister for human resource development and information technology, electronics and communication. Under its ‘Swarna Andhra’ programme, the state is targeting a 15% compounded annual growth rate over the next two decades to expand its economy from about $200 billion currently. “Of the 100 rupees that is getting invested in India, 25.3 rupees comes to Andhra, which is the highest in India,” Lokesh said on Monday.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/andhra-pradesh-targets-2-4-trillion-economy-by-2047-eyes-15-cagr-with-sectoral-cluster-push/articleshow/129757220.cms