Kutami In Full Flow: AP Finances Back On Track?

It has been nine months since the formation of the NDA government in Andhra Pradesh and it appears that the repercussions of the earlier YCP 5 year are slowly being cured and nurtured: The same can be understood if we look at the statistics that were presented by the government in the Assembly yesterday.

The state fiscal survey reported that Andhra Pradesh is buzzing with 12.94% growth rate in terms of fiscal management. The driving factors behind this growth rate are agriculture, industrial, and energy production.

For the financial year 2024-25, Andhra Pradesh is reporting ₹2,68,653 crore gross revenue. This is higher than the country’s average of ₹2,00,162 crore.

To put things into perspective, Andhra Pradesh has reported 12.94% growth rate in gross revenue generation index when compared to 2023-24. This is a clear indication that the new government is vastly improving the financial condition of the state.

Crop agriculture is reporting 15.86% growth rate while seafood production is progressing with 16% growth rate when compared to last year.

The proactive investment- friendly approach of the new government, paired with humane treatment for corporations and individuals has clearly proven to be the difference here.