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Addressing a press conference at the CM’s Office, Naidu emphasised that sustaining a 15% growth rate would result in a GSDP of ₹347 lakh crore ($2.74 trillion) by 2047, with a projected per capita income of ₹58 lakh ($45,787).
“If the state’s income increases, personal income will also rise. The combined wealth of everyone in the state constitutes the state’s wealth. I am planning for a 15% growth rate, which will lead to a GSDP of ₹347 lakh crore by 2047 and a per capita income of ₹58 lakh. Currently, the per capita income stands at ₹2.68 lakh,” said Naidu.
Naidu highlighted that Andhra Pradesh achieved an annual growth rate of 10% in the past five years, which would yield only a GSDP of ₹130 lakh crore ($1.03 trillion) and a per capita income of ₹21.8 lakh by 2047.
During his presentation on growth scenarios, GSDP trends, first advance estimates (FAE) for FY 2024-25, and population projections, Naidu noted that Andhra Pradesh ranks just above Kerala in South India with a GSDP of ₹14.2 lakh crore in FY 2023-24.
At current prices, Andhra Pradesh recorded a growth rate of 13% in FY 2024–25 (FAE), achieving a GSDP of ₹16.06 lakh crore and a per capita income of ₹2.68 lakh.
Compared to FY 2023–24, the state recorded a growth increase of 4.03% under the TDP-led NDA government.
Naidu also highlighted that Andhra Pradesh had achieved a higher growth rate of 13.5% during the TDP government (2014–2019) compared to the 10.3% growth during the YSRCP regime (2019–2024).
A 15% annual growth rate, according to Naidu, would allow the state to borrow up to 3.5% of its GSDP per fiscal year, supplementing its resources through taxes. This combination, he said, would generate surplus funds of ₹20,645 crore in FY 2025–26, rising to
₹42,136 crore by FY2029–30.
Furthermore, this growth trajectory would ensure total resources for development of ₹1.84 lakh crore in FY 2025–26 and ₹3.23 lakh crore by FY 2029-30.
Discussing population trends, Naidu projected that Andhra Pradesh’s total fertility rate (TFR) would drop to 1.07 by 2051, down from the current 1.51. The population is expected to increase slightly from 5.38 crore to 5.41 crore by 2051.
Once considered a burden, Naidu now views the population as an asset, describing the Indian family system as the best in the world.
He also emphasised that doubling the growth rate would quadruple incomes, with development being key to realising the vision of Swarna Andhra 2047.
Naidu shared that his government had implemented 20–25 policies to foster growth and promised to place the right people in the right roles to ensure effective execution. He highlighted investments of ₹4 lakh crore and the imminent start of the Polavaram Project’s diaphragm wall construction.
Stressing the importance of water and population as two pillars of development, Naidu said a balanced approach to both would enable transformative progress.
He also outlined tourism as a priority sector, granting it industry status and setting a 20% growth target, with plans to develop 50,000 hotel rooms and 500 hotels.
Addressing poverty alleviation, Naidu revealed that 12 lakh below-poverty-line (BPL) families would be identified and uplifted through the Public-Private-People Partnership (PPPP or P4) model, starting from Ugadi.
Calling on the top 10% of society to support the bottom 20%, Naidu urged people to give back to the society that helped them succeed. He reiterated his commitment to creating opportunities for all stakeholders and encouraged people to seize these opportunities.
