State growth rate likely to exceed five per cent

After posting 4.14 per cent during 2012-13, the States growth rate is expected to exceed five per cent this year. Governor Rosaiah said, that to provide stimulus to the economy, the govt. had substantially increased the plan expenditure target to 37,128 crore this year, and it would be further enhanced to 42,185 crore during 2014-15. “There is a revival in industrial and agricultural production, which would result in a rebound in the service sector growth”, Mr. Rosaiah said.

Leave a Reply