APDTI || AP Advantage

AP Advantage

Strategic Importance

Andhra Pradesh stands as the 8^th largest state in the country, playing a pivotal role in India's socio-economic landscape.

5% Contribution to India’s GDP

In the fiscal year 2023-24, Andhra Pradesh contributed a significant 5% to India's total GDP.

$171 Billion GSDP

The Gross State Domestic Product (GSDP) of Andhra Pradesh reached an impressive $171 billion in FY 2023-24.

10.4% Growth Rate

The state's growth rate of 10.4% outpaced the national average, highlighting its robust economic performance.

1.2 Mn

Telugu Diaspora-2nd largest Indian linguistic diaspora abroad

India's Gateway to the East

3 Existing Ports 1 Ports under development

Transparent Governance and Pro-Business Policies

Andhra Pradesh is widely recognized for its commitment to fostering a business-friendly environment through strong leadership, transparent governance and world-class policies. This approach creates a conducive environment for businesses to thrive, attract investments and drive sustainable economic growth.

Achievements and Rankings

Ease of Doing Business

Andhra Pradesh consistently ranks 1^st in Ease of Doing Business, achieving top honors in 2016, 2017, 2020, and 2022, demonstrating its commitment to fostering a business-friendly environment.

Investment Potential Index

Ranked 3^rdby the National Council of Applied Economic Research (NCAER), Andhra Pradesh is recognized for its significant investment potential.

LEADS Index

The state also holds the 3^rd position in the Logistics Ease Across Different States (LEADS) Index by the Ministry of Commerce & Industry, Government of India, reflecting its logistical efficiency.

Global Competitiveness Index

Andhra Pradesh is ranked 36^thon the Global Competitiveness Index by the World Economic Forum (WEF), highlighting its competitive edge on the global stage.

Industrial Strength

26% Industrial Output to GSDP Ratio

Andhra Pradesh's industrial sector is a key driver of its economy, with an industrial output contributing 26% to its GSDP.

Global IT Influence

1 in 4 professionals in Silicon Valley are from the Telugu states, showcasing Andhra Pradesh's immense contribution to the global IT and ITeS industry.

Workforce and Infrastructure

Workforce

With 70% of its population in the working age group, Andhra Pradesh has a young and vibrant workforce ready to drive growth.

Industrialization

The state is home to over 98,300 large and MSME units, including 50 Fortune 500 companies highlighting its industrial diversity.

Connectivity

Andhra Pradesh boasts the second-longest coastline, in India at 974 km with four large ports facilitating Indo-Pacific trade.

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