The chief minister said he believed the state is heading for a glorious future and the key to Andhra Pradesh’s economic revival is its ability to attract investments.
Published Jun 24, 2025 | 12:13 AM ⚊ Updated Jun 24, 2025 | 7:46 AM
Naidu said that signs were visible on account of the tireless work put in by his government over the last one year.
Synopsis: Marking one year in office, Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday asserted that his government has laid the foundation for the revival of the state’s economy and governance despite challenges, and unveiled the ambitious Swarna Andhra @2047 roadmap aimed at long-term development.
After one year in office, the ruling TDP-led NDA in Andhra Pradesh has done enough to look into the future with confidence and hope, despite challenges it is facing on several fronts, Chief Minister N Chandrababu Naidu said.
In a key policy address at the State Secretariat on Monday, 23 June marking the occasion, Naidu launched the government’s ‘Swarna Andhra @2047’ vision – a long-term roadmap aimed at reviving the state’s economy, governance, infrastructure, among others.
In a presentation on the occasion, expressed hope that the present indications of revival of the economy would pave the way for a glorious future.
He said that signs were visible on account of the tireless work put in by his government over the last one year.
The celebrations were more like a workshop on what should be done rather than a massive public meeting with participation of people’s representatives and officials.
The chief minister said he believed the state is heading for a glorious future. He said that the key cornerstone of Andhra Pradesh’s economic revival is its ability to attract investments.
In just 11 months, the state secured ₹9.34 lakh crore in investments, generating 8.5 lakh employment opportunities. Marquee investors such as Adani Green (10,000 MW renewable energy), NTPC Green (10,000 MW), and global giants like Amazon, Microsoft, and Google have committed to projects in the state.
The revival of the Vizag Steel Plant with a central package of ₹11,400 crore, alongside ₹15,000 crore for Amaravati and ₹12,500 crore for the Polavaram project, underscores the strong support from the Government of India.
Apart from Chandrababu Naidu, Jana Sena chief and Deputy Chief Minister Pawan Kalyan, IT Minister N Lokesh, and BJP state president D Purandeswari were among those who took part.
Naidu thanked Pawan Kalyan and Prime Minister Narendra Modi profusely for their cooperation in keeping the NDA constituents together.
Chandrababu Naidu said the progress achieved over the past year was due to the double-engine government in power in the state.
“I am not saying I have done everything, but we have made progress,” he said, vowing to deliver good governance no matter how difficult the circumstances.
On the law and order front, he said efforts had been made to ensure there would be no more factional feuds in the Rayalaseema region.
“We have clamped down on smuggling of drugs and cleared the dues of the employees after coming to power,” he said.
Addressing the controversy around the Banakacharla project – a point of contention between Telangana and Andhra Pradesh – Naidu clarified that it does not harm the interests of either state.
The project, he said, involves transferring 200 TMCFT of Godavari floodwaters that would otherwise flow unutilised into the Bay of Bengal.
Speaking broadly on the sectors contributing to growth, the chief minister said the state had witnessed economic revival in the last year, driven by strategic reforms, significant investment, and a long-term vision under the Swarna Andhra @2047 roadmap.
“In just one year since the NDA secured an unprecedented 94 percent strike rate in the June 2024 elections, the state has laid a strong foundation for economic revival, addressing the fiscal mismanagement of the previous regime (2019–2024) and setting ambitious targets for growth, employment, and prosperity,” Naidu said.
“With a Gross State Domestic Product (GSDP) growth rate of 12.02 percent in 2024–25 and projections to reach ₹308 lakh crore by 2047–48, Andhra Pradesh is positioning itself as a powerhouse in India’s economic landscape, aligning with the national vision of Vikasit Bharat.”
Recalling the state’s one-year journey from a debt trap to a growth trajectory, the chief minister said:
“The state’s economic revival is a response to the attempts to address fiscal challenges inherited from the previous government. Between 2019 and 2024, Andhra Pradesh grappled with a debt burden of ₹10 lakh crore, alarming fiscal deficits, and a NITI Aayog report that scored the state zero on debt sustainability in 2022–23. Mismanagement of central funds, a low tax-to-GSDP ratio, and the loss of ₹9,750 crore in mineral revenue had crippled the economy. The NDA government, armed with a historic mandate, has initiated a systematic cleanup through prudent fiscal planning and transparent governance.”
He said that in its first year, the government cleared pending liabilities worth ₹24,811 crore, released Finance Commission grants amounting to ₹3,449 crore, and settled long-pending employee dues of ₹10,925 crore.
The interim budget for 2024–25 prioritised essential services, the continuation of welfare schemes, and infrastructure development, while maintaining fiscal discipline.
Andhra Pradesh recorded a GSDP growth rate of 12.02 percent in 2024–25, outpacing the national GDP growth rate of 9.8 percent.
The agriculture sector saw a strong rebound with a 15.41 percent growth rate, while the industry and services sectors grew by 6.41 percent and 11.82 percent, respectively. The government has set a GSDP target of ₹18.65 lakh crore for 2025–26, aiming for a growth rate of 17.11 percent.
Chief Minister Chandrababu Naidu said the state’s industrial strategy was centred around three key regions: the Visakhapatnam Economic Region (VER) as a hub for economic growth, Amaravati as a knowledge and innovation centre, and Rayalaseema as a strategic defence and industrial corridor.
He noted that the development of industrial nodes at Orvakal and Kopparthy, backed by ₹5,000 crore, along with the sanctioning of the Vizag Railway Zone, would further support industrial expansion.
The broader vision includes developing 12–13 airports, expanding the national highway network, and boosting green energy sectors such as solar, wind, electric vehicles, and green hydrogen.
Naidu said that the Swarna Andhra @2047 initiative is built on the Public-Private-People Partnership (P4) model, which aims to eradicate poverty by 2029.
As of 23 June 2025, 87,225 Bangaru Kutumbams (vulnerable families) had been adopted by high-net-worth individuals under the P4 model, with a focus on skilling, entrepreneurship, and employment to foster financial independence.
The Family Benefit Management System (FBM) integrates welfare delivery at the household level, using life-event analytics to shift from sustenance-based support to empowerment-driven interventions.
Early steps by the government, he said, set the tone for reform. These included the Mega DSC notification to recruit 16,347 teachers, the repeal of the controversial AP Land Titling Act, and the increase in social security pensions–raising pensions for senior citizens from ₹3,000 to ₹4,000.
The revival of 203 Anna Canteens, which have served over 4 crore meals at ₹5, and welfare schemes such as NTR Bharosa (providing ₹32,520 crore annually to 63.36 lakh pensioners) and Deepam 2.0 (offering three free LPG cylinders annually), reflect the administration’s continued commitment to social support.
Agriculture, described by the chief minister as a key economic driver, has also seen significant interventions. The government cleared dues of ₹1,852 crore, procured 55.57 lakh metric tonnes of paddy, and disbursed ₹13,584 crore to 8.5 lakh farmers.
The ₹3,800 crore expansion of the Handri-Neeva canal and the launch of the Food Processing Policy (2024–29) are aimed at positioning Andhra Pradesh as a global agri-powerhouse.
A rise of 11.15 percent in food grain production and a decline in inflation to 4.41 percent in 2024–25, he said, point to effective agricultural management.
The revival of Amaravati as the state’s capital is a flagship initiative. Neglected between 2019 and 2024, Amaravati is now being developed as a self-financing P4 model project, with ₹15,000 crore from the central government and partnerships with the World Bank, ADB, and KfW.
The project, expected to be completed in three years, aims to support a population of 3.5 million, generate 1.5 million jobs, and contribute USD 35 billion to GDP by 2050.
Similarly, the Polavaram project, allocated ₹5,936 crore for 2025–26, is targeted for completion by December 2027. It is expected to provide irrigation for 7.2 lakh hectares and generate 960 MW of hydropower.
IT and Human Resources Minister Nara Lokesh described the NDA’s exceptional performance in the last election as a people’s victory.
He said the state was now recovering from the cataclysms caused by the previous YSRCP government, during which all sectors had suffered and the cumulative debt had grown to ₹10 lakh crore.
“Not a single new company was brought into the state under the previous regime, and on the contrary, existing companies were forced to leave,” he said, recalling the Lulu Group stating they would invest anywhere except Andhra Pradesh.
He said the day marked the first step towards good governance in the state. It was unfortunate, he said, that those responsible for five years of destruction were now questioning what the new government had achieved in just a few days.
“What they couldn’t achieve in five years, we accomplished in one year,” he said.
Deputy Chief Minister Pawan Kalyan said the one-year journey of the NDA had been remarkable and wondered what would have happened to the state had the NDA not come to power last year.
He reiterated that he always kept the state’s interests in mind. True to his film persona, he also issued a warning to YSRCP leaders, saying he would “trample them down” if they tried to return to their old “wicked ways.”
BJP state president D Purandeswari said the NDA was working with a spirit of dedication to promote the state’s interests.
“The NDA government is there to serve people not only in AP but also in the entire state.”
She cited the Ayushman Bharat programme, and said it is helping around 50 crore people, and the Centre’s service during the Covid-19 pandemic.
