Andhra CM Naidu outlines vision for USD 2.4 trillion GSDP by 2047; warns against YSRCP policies

Speaking at a press conference on Thursday, Naidu highlighted that the State is growing at 12.94%, an increase of 4.03% compared to the previous year.
CM Nara Chandrababu Naidu
CM Nara Chandrababu Naidu(Photo | Express)
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VIJAYAWADA: Reiterating that the TDP-led NDA government is committed to achieving a USD 2.4 trillion GSDP and a USD 42,000 (Rs 58,14,916) per capita income (PCI) by 2047, Chief Minister N Chandrababu Naidu stressed that this goal will not be attainable if the public chooses the YSRCP.

Speaking at a press conference on Thursday, Naidu highlighted that the State is growing at 12.94%, an increase of 4.03% compared to the previous year. He stated that the State government aims to achieve a 15% growth rate in order to meet the target set for 2047.

“This can only be achieved if our government remains in power. Otherwise, the regression witnessed in the last five years under the previous YSRCP government will become the norm. Our government has worked tirelessly to put the State’s economy back on track. We have successfully improved the growth rate by 4.03% in just seven months,” he emphasised.

Elaborating on the State’s growth rate over the last decade, the Chief Minister noted that the average GSDP for Andhra Pradesh was 13.5% between 2014 and 2019. 

‘I’m encouraging more kids now as human resources are vital’

“It dropped to 10.32% between 2019 and 2024. However, the growth rate has now risen to 12.94% in the past seven months. If we fail to continue this trend and if the people elect the YSRCP, the State will be thrust into a vicious debt trap,” he warned.

He pointed out that agriculture and allied sectors had received significant support during the previous TDP regime (2014-19), with the State recording 16.6% growth. He also highlighted that his government has cleared Rs 1,500 crore in dues to farmers over the last seven months.

“Per capita income growth was 13.21% during 2014-19, but fell to 9.06% between 2019 and 2024. In the last seven months, it has recovered to 12.9%,” he explained.

Emphasising that the State government is giving equal priority to both industrial and service sectors, as outlined in the 10 principles of the Swarna Andhra Vision 2047 document, the Chief Minister said, “Our ultimate goal is to improve the living standards of the people. Efforts are underway to double the GSDP, which will, in turn, increase the compound annual growth rate (CAGR) by 4.5 times. More wealth will create opportunities for better schemes to alleviate poverty and ensure the overall progress of the State. This is the economic policy I believe in.”

Naidu explained that to achieve a per capita income of Rs 58,14,916, it is necessary not only to maintain the credibility of the government but also to enhance the State’s capability.

“We will develop action plans at the district, constituency, mandal, and village levels, focusing on regions where the PCI is lower. In addition to Visakhapatnam, Tirupati will also emerge as a growth engine due to rapid industrialisation in the coming days. Rayalaseema will experience higher growth by expanding horticultural practices,” he said.

Furthermore, he emphasised that the P4 (Public-Private-People-Partnership) model will be a game-changer.

To a query from mediapersons, the Chief Minister said earlier he discouraged more children, but now he is encouraging more children, as human resources are the real assets and other assets are additional ones.

Naidu said they are seriously contemplating with prospective effect of not allowing candidates without children to contest elections.

He said they would work out the details in due course. Stating that family system in India is the best in the world, he maintained that big families are big assets.

Stating that all systems under the YSRCP regime had been destroyed in the State, the Chief Minister cited examples of the destruction of Amaravati under the pretext of developing three capitals, and the neglect of the Polavaram Irrigation Project. He claimed that investors had been “chased away” and that the State’s natives were “afraid to return.”

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Highlighting the pensions being paid to beneficiaries, he announced that WhatsApp governance would be launched on January 18.

Corruption-free services would be extended to the people, he added, stating, “Our slogan is wealthy, healthy, and happy Andhra Pradesh.”

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