Amaravati, YSRCP supremo YS Jagan Mohan Reddy on Tuesday alleged that the Andhra Pradesh government was “cooking” GSDP figures to create a false impression of rapid economic growth despite poor revenue performance.
Andhra govt projects GSDP figures ‘twisted’, numbers inflated to mask weak revenue: JaganHe claimed that the state is facing an economic recession, which is clearly visible in government revenue, but the administration is “fooling people” with inflated figures prepared by the chief minister’s office instead of an independent agency.
“The GSDP figures are being deliberately concocted by the Andhra Pradesh government to project an illusion of rapid economic growth, even though revenue performance clearly remains weak,” Reddy said in a post on ‘X’.
In fiscal 2024-25, the TDP-led coalition government has claimed a nominal GSDP growth of 11.75 percent against the national rate of 9.8 percent and projected 10.75 percent for 2025-26 against the national rate of eight percent. This shows a compound annual growth rate of 11.09 per cent in two years, the former chief minister said.
The state government said Andhra Pradesh stood third in real gross state domestic product growth among all states this year. These figures are self-generated and lack credibility, he said.
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The Opposition Leader argued that if such high growth was true, the government’s revenue should have grown similarly, but the CAG’s data for the first nine months revealed that tax revenue grew at a CAGR of just 1.97 percent.
He said economists would find it puzzling how a state could record an “extremely low” tax revenue growth claiming 11.09 per cent of GSDP growth, calling it possible only through manipulation of numbers.
Citing CAG accounts of 23 states, he said Andhra Pradesh ranks 22nd in tax revenue growth, second from the bottom nationally.
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He observed that while the central government’s total tax revenue grew by 9.64 per cent during the same period, Andhra Pradesh managed only 1.97 per cent, contradicting claims that the state had outperformed the Centre.
Reddy alleged that, under the present leadership, the state would only be at the forefront of debt, corruption, political vendettas and false propaganda.
There was no immediate response from the ruling TDP.
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