CM Naidu Outlines Vision for Andhra Pradesh’s Economic Growth

20 Jan 2025 CW Team

During a PowerPoint presentation at the state Secretariat, Naidu emphasised the goal of transforming Andhra Pradesh into a $2.4 trillion economy with a per capita income of $42,000 by 2047. Stressing inclusive development, he stated, “We are committed to building a prosperous Andhra Pradesh, focusing on empowerment and development for all citizens.”

Criticising the previous government, Naidu blamed policies like the “three capitals” plan for halting progress in Amaravati and neglecting the Polavaram project. “No one dared to invest in the state due to the poor governance earlier,” he remarked.

Naidu highlighted his administration’s focus on wealth creation through development, emphasising the role of IT and economic reforms in driving growth. “When I introduced IT in 1995, people mocked me. Today, it has elevated Telugus to the top income-earning group globally,” he said, adding that his Swarnandhra Vision-2047 includes ten key policies, with zero poverty as a priority.

The Chief Minister announced that over Rs 4 trillion in investments have been secured since his government took office. Projects like the Amaravati development, Polavaram completion, and interlinking of the Godavari and Pennar rivers are underway, with a focus on making farming more profitable.

To further modernise governance, Naidu revealed the launch of “WhatsApp governance” on January 18, enabling corruption-free services and enhancing welfare pension schemes. He also praised infrastructure improvements, stating that newly constructed pothole-free roads have delighted Sankranti travelers.

Naidu concluded by pledging to achieve a 15% growth rate and implement second-generation economic reforms to position Andhra Pradesh and its people at the forefront of global progress.

(Deccan Chronicle)

Andhra Pradesh Chief Minister N. Chandrababu Naidu has reiterated his commitment to tackling economic inequality and raising the financial status of the poor while outlining his ambitious vision for the state’s future. During a PowerPoint presentation at the state Secretariat, Naidu emphasised the goal of transforming Andhra Pradesh into a $2.4 trillion economy with a per capita income of $42,000 by 2047. Stressing inclusive development, he stated, “We are committed to building a prosperous Andhra Pradesh, focusing on empowerment and development for all citizens.” Criticising the previous government, Naidu blamed policies like the “three capitals” plan for halting progress in Amaravati and neglecting the Polavaram project. “No one dared to invest in the state due to the poor governance earlier,” he remarked. Naidu highlighted his administration’s focus on wealth creation through development, emphasising the role of IT and economic reforms in driving growth. “When I introduced IT in 1995, people mocked me. Today, it has elevated Telugus to the top income-earning group globally,” he said, adding that his Swarnandhra Vision-2047 includes ten key policies, with zero poverty as a priority. The Chief Minister announced that over Rs 4 trillion in investments have been secured since his government took office. Projects like the Amaravati development, Polavaram completion, and interlinking of the Godavari and Pennar rivers are underway, with a focus on making farming more profitable. To further modernise governance, Naidu revealed the launch of “WhatsApp governance” on January 18, enabling corruption-free services and enhancing welfare pension schemes. He also praised infrastructure improvements, stating that newly constructed pothole-free roads have delighted Sankranti travelers. Naidu concluded by pledging to achieve a 15% growth rate and implement second-generation economic reforms to position Andhra Pradesh and its people at the forefront of global progress. (Deccan Chronicle)

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..