Undivided Andhra Pradesh (AP) was the fourth largest state in India in area and fifth in population. It was ranked third in absolute size of gross domestic product (GDP) and 11th in the country on per capita income.
The gross state domestic product (GSDP) in 2012-13 at current prices was Rs 738,497 crore. Per capita income was Rs 77,277. In the 11th Five Year Plan (2007-12), AP registered an annual growth rate of 8.18 per cent against the national GDP growth of 8.02 per cent (at constant prices).
AP's economy since reorganisation in 1956 has progressed harmoniously with the national trends. It broke past the conventional growth trends in 1980-81 and turned vibrant over a period of time. The average annual growth rate of the state, a little over three per cent till 1980, increased to 8.2 per cent in the 10th Plan (2002-07).
However, this story is likely to be different from Monday, when the state split into Telangana and residual Andhra Pradesh (the coastal Andhra and Rayalaseema regions).
Text: Prashanth Chintala, Business Standard
Image Courtesy: Reuters