Andhra Pradesh heading towards double-digit growth: FM Buggana
Deccan ChronicleVijayawada: Andhra Pradesh finance minister Buggana Rajendranath alleged that Telugu Desam misled people by making false propaganda over the state finances and clarified that the state was heading towards double-digit growth. Rajendranath said during the last year of the TDP government in 2018-19, there were no external difficulties for the economy but Andhra Pradesh GSDP growth rate slowed sharply from 10.09 per cent in 2017-18 to 4.88 per cent in 2018-19, the lowest among other major states in the country due to TDP government failures. Jagan Mohan Reddy government, the GSDP growth rate had increased to 7.23 per cent in 2019-20, making Andhra Pradesh the fourth largest in the country. Rajendranath said the per capita income growth rate of Andhra Pradesh had declined from 14.6 per cent in 2017-18 to 10.11 per cent in 2018-19 under the previous TDP government.