Chandrababu Naidu Charts Ambitious Economic Growth Path for Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu outlines strategies to boost the state's financial health, focusing on innovative revenue streams and data analytics to guide decision-making. Emphasizing reduced debt, service sector growth, and investment attraction, Naidu sets a 15% growth goal for 2029 with monthly progress reviews.
- Country:
- India
In a strategic review on Wednesday, Andhra Pradesh Chief Minister N Chandrababu Naidu directed state planning officials to devise innovative strategies aimed at enhancing financial stability. Naidu stressed the critical role of the planning department in leading statewide efforts towards decreased debt and bolstered resource mobilization.
The Chief Minister emphasized the importance of data analytics for informed decision-making, advocating for the promotion of 'Brand Andhra Pradesh' to secure new investments. Clearing 25 cabinet proposals and six State Investment Promotion Board sessions, Naidu highlighted a focus on implementing approved projects.
Impressively, Andhra Pradesh's per capita income increased by 11.89% in FY 2024-25, surpassing the national rate. Naidu urged planners to emphasize growth in the service sector, aiming for fiscal sustainability through the use of Key Performance Indicators (KPIs) at various levels, to achieve a 15% growth target by FY-29.
(With inputs from agencies.)
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