TDP Distorting Financial Data To Portray AP In Poor Light: Buggana

17 Sep, 2021 18:35 IST|Sakshi Post
AP Finance Minister Buggana Rajendranath

AMARAVATI:   Affirming that TDP leaders are misinterpreting the state’s financial situation, Finance Minister Buggana Rajendranath Reddy on Friday, said that the public could not be deceived by distorting the data to show the State in poor light. 

Buggana criticised his predecessor Yanamala Ramakrishnudu for misleading the public with his "vast experience" and acting without basic social responsibility. He said that the TDP leaders have been trying to deceive the people by telling favorable statistics without disclosing the growth rate of agricultural sector. He said that the opposition has been trying to malign the government’s image to gain political advantage.

Drawing comparison with the previous government, the Finance Minister listed out that in 2018-19, the growth rates in agriculture, industrial and services sectors were 3.57 percent, -0.19 percent and 8.24 percent, while the Gross State Domestic Product (GSDP) was 4.88 percent. However in 2019-20 the GSDP was 7.23 percent, which is a year before Covid and the growth rates in agriculture, industrial and services sectors were 7.91 percent, 10.24 percent and 6.20 percent. 

He said that by the end of the TDP term, the growth rate of GSDP had been declining, whereas the growth rate of 10.09 percent between 2017-18 had fallen to 4.88 percent in 2018-19, registering as the lowest among the major states in the country. However, under the leadership of Chief Minister YS Jagan Mohan Reddy, the State achieved a positive growth rate in spite of the Covid impact.

Further, the Minister said that Andhra Pradesh was ranked third in the Sustainable Development Goals (SDG) Index for 2020-21 and as per Niti Aayog’s report the State ranked 5th and 6th in Poverty Eradication and Inequality Reduction. He said that the State stood at 4th place in SDG index for the year 2018-19 next to Kerala, Himachal Pradesh and Tamilnadu. However, it climbed to third place during 2019-20 and 2020-21, improving from performance category to being a front runner.

Refuting the TDP’s false allegation on the unemployment rate, he stated that the unemployment rate declined from 5.7 percent in 2018-19 to 5.1 percent in 2019-20. The unemployment rate of the country was at 6.2 percent in 2018-19 and decreased to 5.2 percent in the following year 2019-20.

Also Read: Chandrababu Fighting For Farmer's Welfare a Joke: YSRCP

More News