State Domestic Product
The state domestic product of Andhra Pradesh grew by 11.42% in 2022-23 at current prices and 6.48% at constant prices. The primary sector, which includes agriculture, forestry, and fishing, grew by 3.64%. The secondary sector, which includes manufacturing, construction, and electricity, grew by 6.00%. The tertiary sector, which includes trade, hotels, transport, communication, and services related to broadcasting, grew by 7.17%.
Sectoral Composition of SDP
The share of the primary sector in SDP has been declining over the years. In 2022-23, the share of the primary sector in SDP was 22.4% at current prices, compared to 23.0% in the previous year. The share of the secondary sector in SDP has remained relatively stable over the years. In 2022-23, the share of the secondary sector in SDP was 32.5% at current prices, compared to 32.0% in the previous year. The share of the tertiary sector in SDP has been increasing over the years. In 2022-23, the share of the tertiary sector in SDP was 45.1% at current prices, compared to 45.0% in the previous year.
Per Capita Income
The per capita income of Andhra Pradesh at current prices for 2022-23 was estimated to be Rs. 2,18,516, a growth of 10.28% over the previous year. The per capita income of Andhra Pradesh is higher than the national average.
Consumption Expenditure
The per capita consumption expenditure in Andhra Pradesh at current prices for 2022-23 was estimated to be Rs. 1,45,894, a growth of 10.28% over the previous year. The per capita consumption expenditure in Andhra Pradesh is higher than the national average.
Gross Fixed Capital Formation
The gross fixed capital formation (GFCF) in Andhra Pradesh at current prices for 2022-23 was estimated to be Rs. 3,29,182 crore, a growth of 11.42% over the previous year. The GFCF in Andhra Pradesh is higher than the national average.
State’s Revenue
The state’s revenue receipts for 2022-23 were estimated to be Rs. 1,52,677 crore, a growth of 18.9% over the previous year. The state’s own tax revenue was estimated to be Rs. 91,853 crore, a growth of 17.1% over the previous year. The state’s own non-tax revenue was estimated to be Rs. 21,380 crore, a growth of 20.5% over the previous year. The state’s share in central taxes was estimated to be Rs. 39,444 crore, a growth of 21.3% over the previous year.
State’s Expenditure
The state’s expenditure for 2022-23 was estimated to be Rs. 1,92,850 crore, a growth of 18.9% over the previous year. The state’s revenue expenditure was estimated to be Rs. 1,63,730 crore, a growth of 18.9% over the previous year. The state’s capital expenditure was estimated to be Rs. 29,120 crore, a growth of 18.9% over the previous year.
Fiscal Deficit
The fiscal deficit of Andhra Pradesh in 2022-23 was 3.04% of GSDP, which is within the permissible limit of 3% of GSDP.
Debt
The outstanding liabilities of Andhra Pradesh at the end of 2022-23 were estimated to be Rs. 3,60,170 crore. The debt-GSDP ratio of Andhra Pradesh at the end of 2022-23 was 27.1%.
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State’s Revenue
The state’s revenue receipts for 2022-23 were estimated to be Rs. 1,52,677 crore, a growth of 18.9% over the previous year. The state’s own tax revenue was estimated to be Rs. 91,853 crore, a growth of 17.1% over the previous year. The state’s own non-tax revenue was estimated to be Rs. 21,380 crore, a growth of 20.5% over the previous year. The state’s share in central taxes was estimated to be Rs. 39,444 crore, a growth of 21.3% over the previous year.
State’s Expenditure
The state’s expenditure for 2022-23 was estimated to be Rs. 1,92,850 crore, a growth of 18.9% over the previous year. The state’s revenue expenditure was estimated to be Rs. 1,63,730 crore, a growth of 18.9% over the previous year. The state’s capital expenditure was estimated to be Rs. 29,120 crore, a growth of 18.9% over the previous year.
Fiscal Deficit
The fiscal deficit of Andhra Pradesh in 2022-23 was 3.04% of GSDP, which is within the permissible limit of 3% of GSDP.
Composition of State’s Revenue
The composition of the state’s revenue receipts shows that the state’s own tax revenue is the largest contributor, followed by the state’s share in central taxes and the state’s own non-tax revenue. The state’s own tax revenue contributed 60.2% to the state’s revenue receipts in 2022-23, followed by the state’s share in central taxes at 25.8% and the state’s own non-tax revenue at 14.0%.
Composition of State’s Expenditure
The composition of the state’s expenditure shows that revenue expenditure is the largest component, followed by capital expenditure. Revenue expenditure contributed 84.9% to the state’s total expenditure in 2022-23, followed by capital expenditure at 15.1%.
Composition of State’s Own Tax Revenue
The composition of the state’s own tax revenue shows that the state excise is the largest contributor, followed by sales tax/VAT and stamps and registration fees. The state excise contributed 32% to the state’s own tax revenue in 2022-23, followed by sales tax/VAT at 23% and stamps and registration fees at 13%.
Composition of State’s Own Non-Tax Revenue
The composition of the state’s own non-tax revenue shows that grants-in-aid and contributions are the largest contributor, followed by interest receipts and forestry and wildlife. Grants-in-aid and contributions contributed 45% to the state’s own non-tax revenue in 2022-23, followed by interest receipts at 27% and forestry and wildlife at 13%.
Prices wages and public
The average inflation rate in Andhra Pradesh in 2022-23 was 6.67%, which is higher than the national average. The state has been taking various measures to control inflation, such as the distribution of essential commodities at subsidized rates through the Public Distribution System (PDS). The table below shows the average retail prices of essential commodities in Andhra Pradesh from 2019-20 to 2022-23.
| Commodity | 2019-20 | 2020-21 | 2021-22 | 2022-23 (Projected 22) |
| Rice | 30.70 | 31.69 | 32.58 | 34.26 |
| Wheat | 81.80 | 81.65 | 86.76 | 101.73 |
| Jowar | 117.42 | 145.86 | 125.33 | 161.86 |
| Ragi | 113.57 | 157.61 | 125.33 | 153.36 |
| Groundnut oil | 138.01 | 158.76 | 161.86 | 248.80 |
| Red gram dal | 34.37 | 31.58 | 27.06 | 21.23 |
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Wages
The average daily wages of artisans and field laborers in Andhra Pradesh have been increasing over the years. The table below shows the average daily wages of artisans and field laborers in Andhra Pradesh in 2021 and 2022.
| Occupation | 2021 | 2022 |
| Carpenter | 694 | 733 |
| Blacksmith | 661 | 700 |
| Cobbler | 574 | 609 |
| Field Labour-Men | 461 | 490 |
| Field Labour-Women | 332 | 355 |
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Public Finance
The fiscal deficit of AP in 2022-23 was 3.04% of GSDP, which is within the permissible limit of 3% of GSDP. The state has been taking various measures to improve its fiscal position, such as increasing revenue collection and reducing expenditure.
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