More than ever, the AP state income has fallen by Rs 10,000 Cr over the most recent eight months of Jagan Reddy government. The general income for these eight months in the current year is simply Rs. 98,790 Cr as against Rs. 1,08,700 Cr during the comparing time frame a year ago. Unveiling these figures, the Comptroller and Auditor General (CAG) has depicted the budgetary circumstance in AP as sad and as yet declining. This is being accused on the retrogressive and against industry arrangements of the Jagan Reddy government. The past Chandrababu Regime brought gigantic advances and kept state economy dynamic by taking up multi-crore ventures including Amaravati Capital development and Polavaram. In any case, CM Jagan halted every one of these tasks incapacitating the state economy all in all. The present government isn’t actualizing even 10 percent on the improvement ventures when contrasted and TDP Circar. This has prompted joblessness emergency, soak fall in individuals’ buying power and genuine monetary trouble because of breakdown of development industry. Shockingly, India overall is withstanding financial downturn to a limited degree however AP’s circumstance got sad.
In spite of this emergency, resolved Jagan is proceeding with his Capital moving which is further intensifying the emergency. As of now, AP can’t pay enthusiasm towards bank advances. Business analysts state that the RBI ensures will be changed in accordance with legitimately pay bank premiums. In such a situation, AP government won’t have the option to try and pay rates to its representatives soon.