Union Budget Focuses on Boosting Andhra Pradesh's Growth

Vijayawada: Union Minister of State for Information, Murugan, revealed that the Union Budget places significant emphasis on Andhra Pradesh, with a particular focus on its capital, Amaravati. During a media briefing in Vijayawada, Murugan emphasized the government's dedication to uplifting the state's underdeveloped areas, aiming for an 8.2 percent economic growth target by 2040.

Addressing intellectuals and community leaders, Murugan detailed the budget's initiatives to fortify Micro, Small, and Medium Enterprises (MSMEs) and simplify foreign direct investment processes. The budget has earmarked Rs. 50,474 crore for Andhra Pradesh's development, highlighting the Center's resolve to expedite the Polavaram project.

The budget also prioritizes the Visakha-Chennai and Hyderabad-Bangalore industrial corridors and introduces the ambitious Purvodaya scheme. This scheme aims to make the eastern coastal region from Jharkhand to Andhra Pradesh a major growth hub for the nation. Special allocations will be directed towards the development of the backward regions of Rayalaseema, Uttarandhra, and Prakasam district.

Moreover, Andhra Pradesh, which accounts for 60 percent of India's shrimp exports, will benefit from the establishment of a shrimp breeding center. The budget also includes funding for agricultural research to support the cultivation of various crops.