Andhra Pradesh is the only exception in terms of per capita income among the five states that Finance Minister Nirmala Sitharaman has chosen to bring about development in the eastern part of the country. Its per capita income has been higher than the national average for the last 10 years, while others in the group struggle to catch up.
However, Andhra's per capita income has been the lowest among the southern states in these 10 years. Telangana, the state carved out of Andhra in 2014, has been more prosperous than its truncated parent if per capita income is taken to be the indicator of prosperity. For instance, Andhra's per capita income is projected to be ₹242,479 in 2023-24, according to data released by the ministry of statistics and programme implementation (MOSPI), while Telangana is projected to have 1.4 times that, at 347,299.
Tamil Nadu, too, is pegged at a higher per capita income than Andhra, at ₹313,955, while Karnataka is projected at ₹332,926 during 2023-24. The figure for Kerala was ₹263,945 on this count even during 2022-23, which is the latest data available for the state.
In this year's Budget, presented on July 23, Finance Minister Nirmala Sitharaman spoke about the Purvodaya scheme for all-round development of five states in the eastern region: Bihar, Odisha, Jharkhand, West Bengal and Andhra Pradesh. The scheme will cover human resource development, infrastructure, and generation of economic opportunities in these states.
This story is from the July 30, 2024 edition of Business Standard.
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This story is from the July 30, 2024 edition of Business Standard.
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