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Economy of Andhra pradesh

Agriculture has been the chief source of income for the state's economy. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Rice, sugarcane, cotton, mirchi, Mangoes and tobacco are the local crops. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects


The state has also started to focus on the fields of information technology and biotechnology. In 2004 - 2005, Andhra Pradesh is at the fifth position in the list of top IT exporting states of India. The IT exports from the State were Rs.1,800 million in 2004. But by a percentage increase of 52.3% every year, the IT exports reached Rs.19,000 million in 2006 - 2007 and ranked fourth in India. The service sector of the state already accounts for 43% of the GSDP and employs 20% of the work force.

Andhra Pradesh is a mineral rich state, ranking second in India in terms of mineral wealth. For example, the state has about one third of India's limestone reserves, at about 30 billion tonnes.

The state ranks first nationwide in hydro electricity generation with national market share of over 11%.

Andhra Pradesh's gross state domestic product for 2005 is estimated at $62 billion in current prices. This is a chart of trend of gross state domestic product of Andhra Pradesh at market prices estimated by Ministry of Statistics and Program Implementation with figures in millions of Indian Rupees.