6 months ago
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Andhra Pradesh has made a singular turnaround from economical illness to double-digit maturation wrong a year, marking the quality betwixt destructive authorities and liable governance, Chief Minister N. Chandrababu Naidu said portion releasing the Q2 economical study for 2025–26.
Addressing a property league astatine the Secretariat connected Monday, Mr. Naidu said Andhra Pradesh had registered a beardown economical revival successful the 2nd 4th of 2025–26, importantly outperforming the nationalist average. The State posted a maturation complaint of 11.28%, compared to India’s GDP maturation of 8.7% during the aforesaid period. Gross Value Added roseate from 10.26% successful Q2 2024–25 to 11.30% successful Q2 2025–26, reflecting broad-based gains crossed agriculture, manufacture and services.
He said concern maturation touched 12.20%, driven by an 18.43% emergence successful mining and 19.12% successful powerfulness generation, on with coagulated performances successful agriculture and existent estate. These results beryllium that bully governance, not gimmicks, drives growth, helium said. The State has secured concern commitments worthy implicit ₹13 lakh crore, with ₹8 lakh crore cleared by the State Investment Promotion Board. Andhra Pradesh is moving from a ventilator State to a revival path, helium said, adding that semipermanent reforms and faster decision-making would signifier Brand Andhra Pradesh and accelerate development. Mr. Naidu criticised the erstwhile medication for bankrupting the State done reckless borrowing and mismanagement, pushing Andhra Pradesh into a GSDP nonaccomplishment of ₹7 lakh crore and a gross illness of ₹76,195 crore. “They buried the State nether debt; we are rebuilding it ceramic by brick,” helium said.
Per capita income has risen to ₹2,66,240, supra the nationalist average. Sustained double-digit growth, helium said, would assistance the State execute the Swarna Andhra 2047 Vision of a ₹292 lakh crore GSDP and a ₹49 lakh per capita income. This is the opening of Andhra Pradesh’s economical renaissance, helium said. Brand A.P. is rising again. However, important fiscal challenges remain. The erstwhile YSRCP authorities had borrowed ₹10 lakh crore during its tenure, placing tremendous unit connected indebtedness servicing. Meeting existing commitments itself is simply a challenge, fto unsocial taking caller loans, helium said. The State has decided to reschedule indebtedness servicing wrong this fiscal year, with a absorption connected sustainable superior expenditure to guarantee fiscal stableness and semipermanent growth.
