3 months ago
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YSR Congress Party State president and erstwhile Chief Minister Y. S. Jagan Mohan Reddy has launched a scathing onslaught connected the Chandrababu Naidu-led government, accusing it of deliberately fabricating Gross State Domestic Product figures to conceal a deepening economical slowdown successful Andhra Pradesh.
In a station connected X connected Tuesday, Mr. Jagan said that portion authorities revenues intelligibly reflected economical distress, the Naidu authorities was hoodwinking the radical by projecting inflated maturation numbers to make an illusion of accelerated development. He questioned the government’s assertion that the State recorded a nominal GSDP maturation of 11.75% successful 2024–25 and was projected to turn astatine 10.75% successful 2025–26, acold supra the nationalist averages. “These are not figures released by immoderate credible oregon autarkic agency. They are numbers manufactured successful Mr. Chandrababu Naidu’s office,” helium alleged.
Calling the claims economically absurd, Mr. Jagan said that genuine maturation would inevitably construe into higher taxation revenues. However, citing Comptroller and Auditor General information for the archetypal 9 months of the fiscal year, helium said Andhra Pradesh’s taxation revenues recorded a compounded yearly maturation complaint of conscionable 1.97% implicit the past 2 years. “No economist anyplace successful the satellite tin explicate however a State boasting 11% GSDP maturation ends up with little than 2% gross growth, unless the maturation itself is fake,” helium asserted.
Mr. Jagan further pointed retired that among the 23 States for which CAG information is available, Andhra Pradesh ranked 22nd successful taxation gross growth, 2nd from the bottom. While Central authorities gross taxation revenues grew by 9.64% during the aforesaid period, Andhra Pradesh’s maturation stagnated astatine 1.97%, helium said.
He alleged that the Naidu government’s economical communicative was built wholly connected mendacious propaganda. “If Andhra Pradesh is ranking archetypal successful thing contiguous nether Mr. Chandrababu Naidu, it is lone successful ballooning debt, corruption, governmental vendetta and systematic deception of the people,” helium said.
