Andhra Pradesh targets $2.4 trillion economy by 2047, eyes 15% CAGR with sectoral cluster push

Andhra Pradesh targets a $2.4 trillion economy by 2047. The state aims for a 15% annual growth rate. Investments are flowing into Andhra Pradesh, with 25.3 rupees of every 100 rupees invested in India coming to the state. The government has formed 22 clusters for sectors including steel, automobiles, and electronics. Andhra Pradesh is positioned as a strategic manufacturing hub.