New Delhi, Sep 30 (IANS) The GST rate cuts, that kicked in on September 22 will give a big push to economic growth in Andhra Pradesh across sectors ranging from the fishing harbours of Visakhapatnam to the auto hubs of Anantapur and Chittoor as well as the coffee plantations of Araku Valley and the craft clusters of Kondapalli and Etikoppaka, according to an official statement issued on Tuesday.
Lower tax rates will bring down prices for consumers, ease working capital for MSMEs, and expand market competitiveness for exporters. The impact will be visible across fisheries, dairy, automobiles, pharmaceuticals, medical devices, renewable energy, handicrafts, and everyday essentials.
Andhra Pradesh contributed 41 per cent of India’s fish production in 2022–23. The sector accounts for 7.4 per