Andhra Pradesh’s GSDP grew at 1.58% in 2020-21: State Economic Survey
May 19, 2021
All India per capita income for 2019-20 stands at ₹1,34,186
Despite Covid-19 challenges the State Gross Domestic Product (GSDP) of Andhra Pradesh grew at 1.58 per cent.
This was stated in the state economic survey released by Chief Minister YS Jagan Mohan Reddy on Wednesday.
“As per the Advance Estimates for the year 2020-21, the GSDP growth of Andhra Pradesh at current Prices is 1.58 per cent against Nation’s growth of – 3.8 per cent,” the survey said.
The Per Capita Income of Andhra Pradesh at current prices increased to ₹1,70,215 in 2020-21 from ₹1,68,480 in 2019-20.
AP Economic Survey pegs 2020-21 GSDP growth at 1.58%
May 19, 2021
State Budget to be presented on May 20
Despite Covid-19 challenges, the State Gross Domestic Product (GSDP) of Andhra Pradesh grew at 1.58 per cent during 2020-21, according to the State economic survey released by Chief Minister YS Jagan Mohan Reddy on Wednesday.
“As per the Advance Estimates for the year 2020-21, the GSDP growth of AP at current Prices is 1.58 per cent against Nation’s growth of –3.8 per cent,” the survey said.
The Per Capita Income of Andhra Pradesh at current prices increased to ₹1,70,215 in 2020-21 from ₹1,68,480 in 2019-20. All India per capita income for 2019-20 stands at ₹1,34,186.
13 May 2021
The American Legislative Exchange Council (ALEC) released on Wednesday its 14th annual Rich States, Poor States report, which reveals once again states with the lowest taxes, fewer regulations, and more worker freedom offer a better standard of living for those who reside there.
The three authors of the study Jonathan Williams, Arthur B. Laffer, and Stephen Moore noted on a conference call with reporters on Tuesday that the winners and losers fall along the blue state/red state divide.
The introduction for the 14th edition summarizes the findings:
The new edition finds that even through the pandemic, states with policies such as low or no income taxes and worker freedom are more economically competitive and better positioned for wage growth, job creation and domestic in-migration compared to states with higher taxes and government spending. The new rankings also reveal that, as proven by new 2020 Census data, Americans “vote with their feet” by moving from hig
Why location matters in determining living standards
March 09, 2021
Consumption levels and locational inequality are positively related, say researchers
An economic migrant can (on an average) expect to be better off in the lower classes of urban India than in the middle-class of rural India. Given that rural India offers much lower living standards on an average, a migrant may not mind moving down to a relatively lower social position upon migrating to urban area due to the absolute gains emanating from such movement, observes the International Monetary Fund (IMF) working paper titled ‘Inequality and locational determinants of the distribution of living standards in India’.
Published on: Sunday, December 20, 2020
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Kota Kinabalu: Sabah’s strategic geographic location and its economic potential require some fresh perspectives in response to regional, global geo-political scenarios and the changing development needs of Sabah, said Nominated Assemblyman, Datuk Seri Yong Teck Lee (pic).
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“New developments at home and further afield is opening up new opportunities in hastening the achievement of our development goals, such as the industrialisation target set out in our Budget 2021,” said Yong, who is also SAPP President.
The Budget, themed ‘People’s Prosperity, Sustainable Economy’, was tabled by Chief Minister cum Finance Minister Datuk Seri Panglima Hajiji Mohd Noor. It sought an allocation of RM4.48 billion and, among other objectives, aimed to achieve a huge leap in the role of industrialisation in the State Gross Domestic Product (GDP).