Comparing the current economic status of Andhra Pradesh with the previous government’s tenure, the chief minister YS Jagan Mohan Reddy said that the state’s economy is performing better than the term of the previous TD government and of many other states. Slamming the opposition and its friendly media for painting the state’s financial management under the YSRC rule in a poor light.
On Friday, Jagan presented a power point presentation in the assembly, citing facts and figures, during a discussion on Industrial development, Investments-Financial Growth in the state. The chief minister said that the GDP of the state was 5.36% in 2018-19, it was in the 21st place among states. Now, AP is at 6th place and we are top in the country regarding growth rate, said Jagan.
He further said only 4 states recorded a growth in GDP and AP collaborated with Manipur, Tamilnadu and West Bengal in this aspect. The debts incurred by the TD government rose to Rs 2,69,462 crore in May 2019. In the three years of YSRC rule, till March this year, the government debt rose from this level to Rs 3,82,165 crore, which was only 41.83% in 3 years.
He said the GDP in 2014-15 was Rs 124 lakh crore and the central debt was Rs 62,42,220 crore. In the year 2021-22, the GDP is Rs 236,64,636 crore, while the total debt is Rs 135,88,193 crore.