The economy of the Indian state of Andhra Pradesh is primarily dependent on agriculture, which directly and indirectly employs 62% of the population.
[16] Given below is a table of 2015 national output share of select agricultural crops and allied segments in Andhra Pradesh based on 2011 prices[19] Aquaculture such as cultivating fish, crustaceans, molluscs, Shrimp production etc., are the major occupations of coastal areas.
Increased area and production under Horticultural crops has put Andhra Pradesh in a stronger position in terms of attracting investments from private sector.
Andhra Pradesh stands at 1st position in Chillies, Cocoa, Lime, Oil Palm, Papaya and Tomato, 2nd in Cashew, Mango and Sweet Orange in India.
Fishery Rights have been implemented and the government is trying to inspire the labourers to follow scientific fishing techniques that would be promote sustainable development and would be beneficial to all concerned.
Activities like boat riding in lakes and reservoirs, establishment of Angling clubs, ornamental fish and aquariums and construction of marine parks are upcoming for additional income.
It has taken up a gigantic task to expand AI facilities, to cover entire breedable population aiming at Productivity optimization.
Objectives To expand Artificial Insemination to cover entire breedable population at farmer's doorstep aiming at productivity optimization through improved breeding and through a system of recycling of revenue, making it self-sustainable.
Functions Production and procurement of quality inputs like Frozen Semen, Liquid Nitrogen, equipment and their timely supply.
There are many national and multi–national IT/ITes and banking firms such as Mahindra Satyam, Pulsus Group,[31][32] Wipro, Fluentgrid, Kenexa, Infotech, IBM, and Sutherland.
[35][36] Conduent has highest employees in India, third largest outside United States and operating from NCR (Noida and Gurgaon), Bangalore, Hyderabad, Kochi and majorly from Visakhapatnam.
[44][45] The organisation aimed to launch 1,000 technology startups over the next ten years and start the search for the next billion-dollar Indian company.
The National Highway 16, which is a part of the Golden Quadrilateral passes through the state from north to south and is at the centre of the road network.
The road transportation network of Andhra Pradesh is made up of the following: The development rate for car proprietorship in the state is the maximum in India and stands at 16 percent.
[49] The Howrah–Chennai main line which runs through the state is proposed to be upgraded into a high-speed rail corridor through the Diamond Quadrilateral project of the Indian Railways.
Keeping in mind shift of trade towards India's eastern coast, the government is developing 14 non-major ports in the state, out of which five are operational.
[58] The banking and finance sector of Andhra Pradesh constitute the key commercial activities that enhance the growth and stability of the state's economy.
The banking sector comprises a widespread network of branches and counters from where the facilities of monetary transactions are offered to the people.
From commercial companies to individuals, the government recognized and private Banks of the place provide prompt, efficient and accurate services to all.
The State Financial Corporation comprises a number of Finance companies that offer convenient monetary services especially to the less privileged section of the society.
With diverse range of flexible deposit schemes, these financial institutions also provide wide array of fiscal services to the local people.
The co-operative financial organizations set up in both the urban as well as rural parts of the state helps in strengthening the core base of the economic infrastructure.
The sole aim of all the banks and financial institutions is to promote the existing industries and improve the living standards of individuals of the place.
Collectively, the banking and finance industry of Andhra Pradesh work towards the betterment of the economic viability of the state.
Food parks, one each in the two regions of coastal Andhra (value added rice products, dairy, horticultural, marine etc.
Andhra Pradesh is one of the store houses of mineral resources with large deposits of Chrysotile, mica Asbestos, barytes and limestone in India.
The wide variety of minerals from the State is being traded or consumed in Power, Metals, Alloys, Cement, Chemicals, Paint, Cosmetic, Glass, Ceramics, Refractory, Refinery and manufacture of various down stream industries.
The Tummalapalle Uranium mine in Andhra has confirmed 49,000 tonnes of ore and there are indications that it could hold reserves totaling three times its current size.
Thermal (natural gas and coal based) and renewable power plants totalling to 21,000 MW are installed in the state by the year 2015.
Since the backbone of economy of Andhra pradesh is Agriculture, any drastic changes in Monsoon would affect GDP of the state.