Andhra Pradesh exports increased despite economic downturn and COVID-19, says CM
The Hindu
He unveiled an export action plan to double contribution to national exports by 2030 at the Andhra Pradesh Trade and Export Carnival in Vijayawada.
Chief Minister Y.S. Jagan Mohan Reddy said despite a global economic downturn and the COVID-19 pandemic, exports from Andhra Pradesh have grown by 19.4% (value) in the past couple of years, leading to an improvement in the contribution to national exports. He said the State jumped to the fourth position in the country in 2020-21 with a 5.8% contribution to national exports from the ninth position in 2018-19.
Mr. Jagan was addressing the inaugural session of the two-day Vanijya Utsavam (Andhra Pradesh Trade and Exports Carnival) organised jointly by the State and Central governments on the occasion of Vanijya Saptah in commemoration of Azadi Ka Amrit Mahotsav in Vijayawada on Tuesday. Mr. Jagan, along with Chief Secretary Aditya Nath Das, Minister for Industries and Commerce M. Goutham Reddy, CYIENT founder and chairman B.V.R. Mohan Reddy and others inaugurated the carnival and also unveiled the Andhra Pradesh State Export Action Plan 2021.
Mr. Jagan Mohan Reddy said that the country faced overwhelming challenges during the past two years, and for the first time in the two decades, the country has seen a contraction of 3.38% in gross tax revenue collections which declined from 20.80 lakh crore in 2018-19 to 20.10 lakh crore in 2019-20.
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