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Reading: CM Naidu Declares AP Economy on Path to Recovery
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AP economy is back on track, says CM Naidu
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Nation > CM Naidu Declares AP Economy on Path to Recovery
Nation

CM Naidu Declares AP Economy on Path to Recovery

Nation Desk By Nation Desk March 17, 2025 2 Min Read
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The NDA Government has set Andhra Pradesh’s economy back on a path of development over the past nine months, as affirmed by Chief Minister N. Chandrababu Naidu.

During a speech in the State Assembly in Amaravati on Monday, Naidu remarked on the “total destruction” inflicted upon the state’s economy by the Y. S. Jagan Mohan Reddy-led YSR Congress Party government during its tenure from 2019 to 2024.

Highlighting the recently released Swarnandhra Vision 2047, Naidu stated that the vision document outlines comprehensive plans aimed at raising the per capita income in the state to ₹55 lakhs and expanding the total economy to $2.4 trillion.

The government intends to assess economic growth on a district-by-district basis to pinpoint potential growth opportunities. He urged the MLAs in each constituency to take charge of advancing Vision 2047, which includes a ten-point formula for development that emphasizes poverty alleviation, the Chief Minister added. Naidu noted that his earlier Vision 2020 initiative for the development of United Andhra Pradesh significantly contributed to the state’s rapid growth.

In response to queries, Minister for Water Resources Nimmala Ramanaidu indicated that ₹19,396 crore had been invested in the Polavaram Project since 2014, with the central government contributing ₹17,860 crore of that total.

Regarding rehabilitation efforts, the minister mentioned that 12,797 families had been successfully rehabilitated in Phase 1 of the project, while an additional 27,263 families still need to be relocated. He assured that the Phase 1 relief and rehabilitation process would be finalized by June 2026.

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