Outgoing Chief Minister Jagan Mohan Reddy of the YSR Congress Party implemented several welfare schemes but failed to address crucial issues like job creation and private investment. His plan to establish three state capitals instead of a single capital at Amaravati met resistance and stalled progress, leading to economic uncertainty. With Andhra Pradesh’s debt escalating from ₹1,18,050 crore in 2014 to ₹4,28,715 crore in 2023, the state struggled without substantial central assistance. Returning Chief Minister Chandrababu Naidu, known for his role in developing Hyderabad, aims to revive the economy by developing Amaravati, Visakhapatnam, and other regions.
Andhra Pradesh Faces Economic Challenges Amid Political Shifts
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