Andhra Pradesh GSDP growth is the highest in the country, claims Chief Ministrer YS Jagan Mohan Reddy. Speaking at a government function in Vinukonda, he also added that at 11.43%, AP sets example for other states in this regard.
Those who closely follow the state’s trajectory for the last three years are unable to see the veracity of the CM’s claim. Jagan himself did not give how and why Andhra was able to achieve such remarkable growth, compared to other states in India. After making this assetion, he went on to only belt out the various freebies that his government has been doling out year after year.
Insisting his government disbursed 1.92 lakh crores during the last 43 months by pressing the buttons and ensuring direct benefit transfer. He also said that if all the schemes are put together, as much as Rs 3 lakh crore benefit was extended to the people of the state.
But the question remains as to how liberal doles to the people will ensure such remarkable growth in Gross State Domesic Product. Without significant investments in various sectors, improvement in the state’s infrastructure and the establishment of industries, it is quite unclear how Jagan could have achieved such steep growth.
His claim that his government took less amount of loans compared to earlier government is of course an outright lie. But what about the GSDP?
That the Jagan government has been fudging figures in presenting the financial position is without doubt. If the GSDP were really robust, there was no need for the YSRCP government to continually resort to loans even to pay salaries of the government employees. The reason why the Jagan government is inflating the GSDP figures is clealry to get approval of the Centre for more loans.
The goverment’s own revenue has not shown significant growth. The purchasing power of the peopel in Andhra Pradesh appears to be the lowest as shown in the lowest growth in the sales of two wheelers. AP figures very low on Foreign Direct Invesment.
In veiw of all these, Jagan’s statemenet that AP was making remarkable economic progress is plain fiction.
