4 months ago
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The YSR Congress Party (YSRCP) president and erstwhile Chief Minister Y.S. Jagan Mohan Reddy has said that the authoritative information released by the Reserve Bank of India (RBI) contradicts repeated allegations made by the Telugu Desam Party (TDP) and the Jana Sena Party (JSP) regarding the State’s economical and concern show during the erstwhile YSRCP government.
In a station connected 'X' on Tuesday, Mr. Jagan Mohan Reddy said that the TDP and the JSP leaders person consistently claimed, some earlier and aft assuming power, that “Brand Andhra Pradesh” was destroyed nether the YSRCP regime, investors deserted the State, and that concern maturation came to a standstill betwixt 2019 and 2024. However, according to RBI information released this month, Andhra Pradesh recorded awesome maturation successful presumption of Gross Value Added (GVA) during the 2019–24 period. In the manufacturing sector, Andhra Pradesh ranked archetypal successful South India and 5th nationally, indicating a beardown performance. Similarly, successful wide manufacture assemblage growth, the State stood archetypal successful South India and eighth successful India during the aforesaid period.
He said these rankings intelligibly show that Andhra Pradesh’s concern and manufacturing sectors performed robustly during the YSRCP government, contradicting claims that the State suffered from capitalist formation oregon economical stagnation. “If Andhra Pradesh’s marque had genuinely been destroyed and industries had collapsed, the State’s show successful manufacturing and manufacture would person been among the worst. Instead, RBI information places Andhra Pradesh among the top-performing States successful the country,” helium said.
He maintained that the figures bespeak the result of unchangeable governance and policy-driven maturation during his tenure. He questioned whether the communicative of “Brand AP destruction” was politically motivated, pointing to the RBI information arsenic grounds of a “booming system driven by transformative leadership.”
The YSRCP person demanded that the ruling conjugation explicate the contradiction betwixt its governmental rhetoric and officially published economical statistics, stating that facts, not propaganda, should usher nationalist sermon connected Andhra Pradesh’s development.
