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Our Bureau

Hyderabad, Feb. 8 While the growth rate for Indian economy has been pegged at 8.7 per cent for the fiscal 2007-08, Andhra Pradesh is poised to grow at 10.37 per cent.

“This is made possible due to huge public expenditure the State Government has been making in the last three-and-half years,” Mr D.A. Somayajulu, Economic Advisor to the Chief Minister, told Business Line.

Structurally, agriculture is expected to grow at 8.38 per cent, far outpacing the national figure of 2.59 per cent, he said, referring to the numbers released by the Central Statistical Organisation (CSO) on Thursday.

The State made significant strides in all major sectors, including industry and services. The industry in the State too is set to grow by 9.88 per cent as against the national average of 8.90 per cent. In services, the State could achieve 11.57 per cent growth rate as compared to 10.73 per cent.

More Stories on : Economy | Andhra Pradesh

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