Govt. misleading people on investments, jobs, alleges YSRCP leader
YSRCP leader G. Srikanth Reddy accused the Andhra Pradesh government of misrepresenting investment and employment data. He cited central government reports to argue that industrial growth has stalled under the current administration.
Why it matters
Illustrates the use of economic data as a political tool to challenge the performance of state governments.
YSR Congress Party (YSRCP) State general secretary G. Srikanth Reddy on Thursday accused Chief Minister N. Chandrababu Naidu of misleading the people on investments and employment figures, alleging that official data from the Centre contradicted the State’s projections.
Addressing the media at the party central office at Tadepalli, Mr. Srikanth Reddy said the data from the Department for Promotion of Industry and Internal Trade (DPIIT), submitted in Parliament, showed that projects worth only ₹6,900 crore were under implementation. These involved 10 industrial units, of which two were progressing and would generate around 22,000 jobs on completion.
Alleging that nearly 4,500 MSMEs had shut down in the last two years, resulting in loss of about 49,000 jobs, he questioned the government’s investment promotion efforts, including overseas visits and MoUs, saying they had generated publicity rather than tangible industrial growth.
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