CM Naidu calls for 15% growth target, slams previous govt's policies

Naidu further stated that the government's primary responsibility is not only to provide welfare measures but also to increase the incomes of the people

Criminal Investigation Department (CID) arrests former Andhra Pradesh Chief Minister and Telugu Desam Party (TDP) chief N. Chandrababu Naidu in an alleged corruption case, in Nandyal on Saturday.
CM expressed concern that nearly all sectors had regressed due to the destructive policies.
ANI
3 min read Last Updated : Oct 04 2024 | 7:18 AM IST

Andhra Pradesh Chief Minister Chandrababu Naidu on Thursday urged officials from various departments to work diligently towards restoring growth across all sectors by adopting the latest policies, setting a target of achieving a 15 percent growth rate.

Chairing a review meeting on the progress of agriculture, allied sectors, industry, and services, the Chief Minister expressed concern that nearly all sectors had regressed due to the destructive policies of the previous government, leading to the collapse of the state's economic sector.

When officials provided detailed accounts of their departments' conditions over the past decade, CM Naidu stated that the current government is implementing new policies across all sectors. He urged officials to drive economic progress by putting these policies into action.

The Chief Minister emphasised that officials should not only work to improve the living standards of the people and advance the state's economic condition but also ensure that there is no additional financial burden on the population. He highlighted that the costs of farming could be significantly reduced through comprehensive mechanisation.

Naidu further stated that the government's primary responsibility is not only to provide welfare measures but also to increase the incomes of the people by strengthening various sectors.

Reflecting on past growth, Naidu noted that Andhra Pradesh had achieved a growth rate of 13.7 per cent during 2014-19 despite facing challenges following the state's bifurcation. However, he regretted that under the YSRCP government, which followed, the growth rate had dropped sharply to 10.59 per cent.

In 2019, the growth rate difference between Telangana and Andhra Pradesh was only 0.20 per cent, but by 2024, this gap had widened to 1.5 per cent, CM Naidu remarked.

He also pointed out that while per capita income under the previous TDP regime stood at 13.21 per cent, it had fallen to 9.06 per cent under the subsequent government, negatively impacting the living conditions of the people.

The Chief Minister stressed that officials must recognise that Andhra Pradesh currently ranks fifth in the southern region in terms of per capita income and should set clear goals to improve this by formulating a strategic vision. He noted that certain sectors were lagging behind and needed to become more active.

CM Naidu also announced that the P-4 system would be introduced in January. Through this system, those at the top of the financial spectrum would be encouraged to uplift at least 10 per cent of the population. In addition to the welfare schemes being implemented by the state, he called on the wealthy and organisations to act as mentors to improve the living conditions of the poor.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Chandrababu NaiduAndhra Pradesh governmentEconomic policyeconomic growth

First Published: Oct 04 2024 | 7:18 AM IST

Next Story