Governor S Abdul Nazeer outlines Vision Swarna Andhra 2047, focuses on economic recovery and growth

It was a powerful rejection of the previous regime’s misrule and a resounding endorsement of the leadership of Chief Minister N Chandrababu Naidu, and the NDA government.
Governor S Abdul Nazeer takes the salute at the 76th Republic Day parade at the IGMC Stadium in Vijayawada on Sunday
Governor S Abdul Nazeer takes the salute at the 76th Republic Day parade at the IGMC Stadium in Vijayawada on Sunday Photo | Prasant Madugula
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VIJAYAWADA: Governor S Abdul Nazeer’s speech at the 76th Republic Day celebrations reflected on the financial and administrative mess the State inherited seven months ago. It unveiled the roadmap for Vision Swarna Andhra 2047, elaborating on the 10 guiding principles for the vision.

The Governor said the previous regime’s mismanagement of State finances and diversion of resources coupled with misgovernance had left a deep scar on the State’s economy and infrastructure, and it financial health was further crippled by exorbitant debt, high-interest borrowing, etc.

“Andhra Pradesh was burdened by unpaid liabilities, stalled projects, and a broken governance structure. Amidst this turmoil, the people of the State delivered a historic mandate in the recently held Lok Sabha and Assembly elections. It was a powerful rejection of the previous regime’s misrule and a resounding endorsement of the leadership of Chief Minister N Chandrababu Naidu, and the NDA government. It is now our solemn responsibility to fulfil this trust, rebuild the State, and transform every challenge into an opportunity,” he asserted.

Mentioning that it was the government’s moral responsibility to understand and inform the people about the true extent of damage done to the State by the misgovernance of the previous regime, the Governor said it was done through the seven white papers brought out on different sectors. “Such was the deplorable state of the State’s finances that we were compelled to first present a vote-on-account budget, which provided the breathing solace needed to examine the depth of the fiscal mismanagement. It was a critical step in laying the groundwork for the recovery process, and in restoring financial discipline,” he said.

A police contingent taking part in the Republic Day parade I Prasant Madugula
A police contingent taking part in the Republic Day parade I Prasant Madugula

‘Andhra Pradesh economy set to achieve 15% growth rate’

“The Centre has extended its complete support and cooperation to the State in overcoming the financial hurdles, and putting the economy back on the development path. It brought the Polavaram Irrigation Project back on track by releasing funds, it supported resumption of stalled works of the capital city Amaravati, and also revival of Vizag Steel Plant through a special package. On its part, the State revived the Centrally Sponsored Schemes and is working towards development,” he said.

Elaborating on the roadmap -- Swarnandhara Vision 2047, the Governor said at the heart of the vision lies a powerful promise captured in three words -- ‘Arogya, Aishwarya, Ananda’ (Health, Wealth, Happiness). “As we set our sights on transforming Andhra Pradesh, the economy is projected to grow at 15% from Rs 16 lakh crore to Rs 305 lakh crore by 2047, implying an increase in per capita income from Rs 2.68 lakh to Rs 53.34 lakh, and the rise is nearly 20 times in 24 years. This is the power of growth,” he said, and added that the government is guided by 10 fundamental principles to achieve this target. Abdul Nazeer observed that as the State unfolds each of these principles, people will see how they collectively weave a fabric of progress, opportunity, and inclusive growth -- truly embodying the spirit of our Republic.

He elaborated on the 10 guiding principles for Swarna Andhra Pradesh -- Zero Poverty, Employment, Skilling and Human Resource Development, Water Security, Farmer-Agritech, Global Best Logistics, Cost Optimisation - Energy and Fuel, Product Perfection, Swachh Andhra, and Deep Tech -- All Walks of Life.

He said towards becoming one of the most developed States in the country by 2047, marking 100 years of Indian Independence, the State government has already launched 22 new policies, and it witnessed an encouraging beginning for the long-term vision of achieving 15% growth rate. As per the First Advance Estimates of 2024-25, the State economy has grown at 12.94% in nominal terms with a size of Rs 16 lakh crore, and with a per capita income of Rs 2.68 lakh.

“In this journey of making AP a pioneer in welfare and development, it requires everyone to come together with whole hearted support and involvement,” he concluded.

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