HYDERABAD: The average annual income of a citizen of the State is Rs. 29,074, up by nearly Rs. 3,000 over the previous year.

In spite of this increase, the growth rate of the per capita income during the year was significantly less than the national average.

At the all India level, the per capita income grew at the rate of 13.04 per cent (from Rs. 25,711 to Rs. 29,069) while it was 10.9 per cent in the State (from Rs. 26,211 to Rs. 29,074). As a result, the difference between the State's average per capita income and the national average has come down steeply from Rs. 495 to Rs. 5.

The gross State domestic product at constant prices has been estimated at Rs. 2.02 lakh crores by advanced estimates against Rs. 1.88 lakh crores of the previous year, registering a growth rate of 7.15 per cent.

Much of this growth can be attributed to the manufacturing and services sectors, which registered a record 11.56 per cent and 10.24 per cent growth, respectively.

While it is essential to achieve more than four per cent growth in the primary sector to match the national average of 9.2 per cent, agriculture and allied sectors have registered a negative growth of 1.37 per cent (- 6.56 per cent in case of agriculture as a sub-sector).

There was a steep decline in foodgrain production from 169 lakh tonnes to 147 lakh tonnes during the period along with the net sown area.

Public debt increased from Rs. 77,952 crores to Rs. 86,464 crores, resulting in debt servicing in excess of Rs. 13,000 crores - Rs. 4,750 crores for principal and Rs. 8,628 crores towards interest.

According to the budget estimates, the Government plans to raise Rs. 663.74 crores loan from the Central Government during the year taking the total outstanding to Rs. 17,051 crores.

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