Economy of Andhra Pradesh The economy of Andhra Pradesh is
mainly driven by agriculture. Two important rivers of India, the
Godavari and Krishna, flow through the state, providing
irrigation. Rice, sugarcane, cotton, mirchi (chilli pepper),
mango and tobacco are the local crops. Recently, crops used for
vegetable oil production such as sunflower and peanuts have
gained favour. There are many multi-state irrigation projects in
development, including Godavari River Basin Irrigation Projects
and Nagarjuna Sagar Dam, the world's highest masonry dam. The
state has also started to focus on the fields of information
technology and biotechnology. In 2004–2005, Andhra Pradesh was
at the Forth position behind Maharastra, Karnataka, and Tamil
Nadu, in the list of top IT exporting states of India. The IT
exports from the State were 1,800 million in 2004. The IT sector
is expanding at a rate of 52.3% every year. The IT exports
reached 19,000 million in 2006–2007 and ranked fourth in India.
The service sector of the state