Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday stated that the state has achieved a projected growth rate of 13 per cent for the fiscal year 2024–25 under the TDP-led government, compared to just 8.6 per cent under the previous YSRCP regime in 2023–24
Addressing the Assembly, the Chief Minister highlighted that within one year of the NDA government coming to power, the state’s GSDP grew by Rs 62,000 crore at this improved growth rate.
"The growth rate in 2023–24 (under YSRCP) was only 8.6 per cent. Though we were not in power for three months in 2024–25, we still achieved a growth rate of 12.94 per cent (rounded to 13 per cent)," Naidu told the House, adding that the current fiscal year’s GSDP stands at Rs 16.06 lakh crore.
According to the CM, the state's growth rate declined from 11.4 per cent under the previous TDP government in 2018–19 to just 5.25 per cent in the first year of the Y S Jagan Mohan Reddy-led YSRCP regime.
He further stated that within one year, a loss of Rs 45,000 crore in GSDP was incurred in 2019–20 under the previous regime.
Had the TDP-era growth rate continued, the GSDP could have reached Rs 9.71 lakh crore, but it remained at only Rs 9.26 lakh crore, he said.
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