Chief Minister Chandrababu Naidu said that with new policies in various departments of the government, economic growth should be achieved again by putting all the sectors to work with the target of 15 percent growth rate. He conducted a review on the growth of agriculture allied sectors, industrial sector and services sector.
The CM said that due to the destructive policies of the previous government, all the sectors went into decline and this caused the economic system to collapse. He suggested that new policies are being brought in every department and these should be effectively implemented to achieve economic progress.Besides raising the standard of living of the people, he made it clear policies should be implemented to increase the government’s income without additional burden on the people.
Chandrababu said that cultivation costs can be reduced through comprehensive mechanization in the agriculture sector. Government is not only giving schemes but it is important to strengthen the respective sectors and increase the income of the people, he added. The CM said that despite the difficulties of bifurcation after 2014, the state achieved a growth rate of 13.7 percent, he alleged that with the reverse decisions of the YSRCP government that came to power later, the growth rate decreased to 10.59 percent.
The CM said that in 2019, the difference in GSDP of AP compared to Telangana was only 0.20 percent, and that difference has increased to 1.5 percent by 2024. The CM said that while the per capita income of AP people was Rs.93,903 between 2014-15, the per capita income has increased to Rs.1,54,031 by 2019 due to the decisions taken by the Telugu Desam government.
While the per capita income growth was 13.21 percent during the Telugu Desam regime, it was only 9.06 percent during the previous government. He said that the growth in the per capita income of the people has fallen and the living standards of the people have been affected.
He said that the difference in per capita income between Telangana and AP was only 0.16 percent, but it increased to 1.84 percent during the previous government. The CM said that AP is at the 5th position in terms of per capita income among southern states. Keeping these in mind, the government departments should prepare a vision and work with specific goals, the CM advised the officials.
