5 months ago
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In a crisp rebuttal connected Tuesday, YSR Congress Party (YSRCP) president Y.S. Jagan Mohan Reddy accused Chief Minister N. Chandrababu Naidu of misleading the nationalist connected the fiscal show of Andhra Pradesh. His remarks came aft Mr. Naidu released estimates for the Gross State Domestic Product (GSDP) for the archetypal fractional of the 2025–26 fiscal year.
Mr. Jagan alleged that the TDP-led National Democratic Alliance (NDA) authorities had inflated the GSDP projections to make a mendacious content of accelerated economical growth. Governments whitethorn manipulate beforehand estimates connected paper, but they cannot change the audited fiscal records released by the Comptroller and Auditor General of India (CAG), helium said, adding that the CAG figures contiguous the State’s existent fiscal position.
According to him, the latest CAG information exposure superior fiscal mismanagement nether the contiguous regime, with precise debased gross growth, unprecedented levels of borrowing, minimal superior expenditure, and a steep autumn successful some depletion and investment. He besides alleged rampant corruption and systemic diversion of nationalist resources, which, helium said, had widened the gross and fiscal deficits.
If the system were genuinely flourishing arsenic claimed, Mr. Jagan said, the State would not beryllium facing specified acute fiscal accent oregon grounds levels of borrowing. He contested Mr. Naidu’s repeated claims of exceptional maturation during his earlier tenure from 2014 to 2019, noting that Andhra Pradesh contributed 4.45% to the nationalist GDP successful that period, compared with 4.78% betwixt 2019 and 2024. The State’s per capita income ranking, helium said, did not amended adjacent by a azygous presumption during Mr. Naidu’s rule.
Mr. Jagan said the authorities was attempting to foster an artificial consciousness of optimism adjacent arsenic the fiscal concern worsened, informing that the underlying world would soon go evident to the people.
