Andhra Pradesh Reports 12.90% Increase in Mining Revenue to ₹1,287 Crore
Quick Brief
Andhra Pradesh has recorded a 12.90% increase in total mining revenue, reaching ₹1,287 crore according to the state minister. The financial growth was heavily supported by a 53.50% surge in major mineral revenue. State authorities are aiming to secure a 3.70% share of Gross Value Added (GVA) from the mining sector by the 2028-29 period.
What Happened?
According to the state minister, mining revenue in Andhra Pradesh rose by 12.90% to total ₹1,287 crore. Within this sector, revenue generated from major minerals saw a sharp increase of 53.50%.
Why It Matters
The growth in mining revenue reflects improving economic performance in the sector, supporting the state's broader objective to elevate mining's contribution to the Gross Value Added (GVA) to 3.70% by the 2028-29 fiscal years.
Key Facts
- Total mining revenue in Andhra Pradesh rose by 12.90%.
- Revenue reached ₹1,287 crore, according to the state minister.
- Major mineral revenue experienced a significant increase of 53.50%.
- The state has set a target for mining to account for 3.70% of Gross Value Added (GVA) by 2028-29.
Compiled from 1 outlet
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