Andhra Pradesh was one of the worst performing states when it comes to new investments and economic growth between 2019 to 2024 under the Jagan regime. Several prestigious companies like Lulu, Renew and others had to leave AP due to the obstructive nature of the YCP government.
And just when everyone thought that YCP losing power would solve the issue, they simply are not going away. In fact, YCP is now trying even harder to damage AP’s financial future and present condition.
Earlier, YCP supporters had written hundreds of emails to several global companies, asking and even threatening them not to invest in Andhra Pradesh. This resulted in stopping investments worth over Rs 9000 crore to the state so far.
And if that was not enough, YCP leaders have now started to target Andhra Pradesh’s financial matters at the central level. This became clear when YCP MP YV Subba Reddy wrote to the Central Cabinet Secretary TV Somanathan, opposing the issuance of non-capital debenture bonds by the AP Mineral Corporation Board.
These bonds were planned by the Andhra Pradesh government to generate funds for non-capital needs, which would in turn support public programs. But the YCP Rajya Sabha MP strongly opposed this and asked the center to block it.
What is shocking is that YCP knows very well that such actions will badly affect the state’s finances and hurt the public. Yet, they continue with this harmful behavior.
From private companies to government programs, YCP seems to be working with a mindset to block financial progress in Andhra Pradesh. This is nothing short of sabotage and will directly harm crores of people in the state.
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