๐๐๐ก'๐ ๐ง๐ต๐ฒ ๐ฎ๐ฎ๐ป๐ฑ ๐ฅ๐ฎ๐ป๐ธ ๐ฉ๐ถ๐๐ถ๐ผ๐ป: ๐๐ถ๐ด๐ต ๐ผ๐ป ๐๐๐ฝ๐ฒ, ๐๐ผ๐ ๐ถ๐ป ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ- ๐๐๐๐ฆ ๐ฎ๐ป๐ฑ ๐๐๐๐๐๐ง ๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ ๐จ๐ป๐ฎ๐ฏ๐ฎ๐๐ฒ๐ฑ
At a time when State is confronting a worrying economic slowdown, very clearly evident from the Government revenues, Mr. #ncbn โs Government hoodwinks the people with cooked up GSDP figures to give the wrong impression that State is growing rapidly.
Mr. Chandrababuโs Government on Monday conveyed that during 2024-25, Stateโs economy grew at 11.75% (Nominal GSDP) as against National growth rate of 9.8% and that during 2025-26, Stateโs economy is estimated to grow at 10.75% as against National growth rate of 8.0%. This translates to a CAGR of 11.09% over the two year period 2023-24 and 2024-25.
The State Government further claims that in terms of Real GSDP growth, the State ranks 3rd amongst all the States this year. These are not figures released by any independent agency but figures prepared by Mr. Chandrababuโs office.
If these figures were true, the same level of growth with respect to Government revenues should also be achieved. CAG released figures for the first 9 months of this financial year. It is indeed shocking that during the 2 year period, Government tax revenues grew at CAGR of merely ๐ญ.๐ต๐ณ%.
It would probably puzzle all the economists in the world as to how a State that demonstrates such handsome GSDP growth of 11.09% can achieve an abysmally low tax revenue growth of only 1.97%. This is possible only due to the cooked up figures under this so called โvisionaryโ leadership.
Further CAG uploaded accounts for the first 9 months of this financial year for 23 States. A study of how AP compares with other States on tax reveues growth front brings to light very distressing facts.
Amongst the 23 States, AP RANKS 22nd in terms of TAX REVENUES GROWTH. i.e. ๐ฎ๐ป๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฏ๐ผ๐๐๐ผ๐บ.
Central Government gross tax revenues in the same period grew at 9.64%, AP tax revenues grew at 1.97%. But according to Mr. Chandrababu, APโs performance on economic front surpasses that of Central Government.
If there is any parameter on which AP under the Mr. Chandrababu Naiduโs leadership would possibly ๐ฟ๐ฎ๐ป๐ธ ๐ณ๐ถ๐ฟ๐๐, it would be only with respect to Government ๐ฑ๐ฒ๐ฏ๐, ๐ฐ๐ผ๐ฟ๐ฟ๐๐ฝ๐๐ถ๐ผ๐ป, ๐ฝ๐ผ๐น๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐๐ฒ๐ป๐ฑ๐ฒ๐๐๐ฎ ๐ฎ๐ป๐ฑ ๐ณ๐ฎ๐น๐๐ฒ ๐ฝ๐ฟ๐ผ๐ฝ๐ฎ๐ด๐ฎ๐ป๐ฑ๐ฎ.
https://x.com/i/status/2021141140519649537
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