The question is whether the revenue growth will sustain, and how to add the revenue capacity to the state. Following the bifurcation of Andhra Pradesh in 2014, the newly-formed state of Andhra Pradesh comprising coastal Andhra and Rayalseema regions was faced with a major challenge: Hyderabad, the major source of revenue for united AP went to Telangana, and newly-formed AP had to figure out how to generate enough revenue and survive as an independent state. And if the AP budget 2017-18 is anything to go by, CM Chandrababu Naidu and his team seem to have done a good job of improving the revenue. Before we review the revenue performance of Andhra Pradesh from Budget FY2017–18, it is worth recollecting this statement by Yanamala Ramakrishnudu, the Finance Minister of Andhra Pradesh during the FY 2015–16 Budget Speech. “The State continues to reel under revenue deficit and this deficit continues even after the last year of the award of 14th Finance Commission. Our debt b
PRINT & PACKAGING | DIGITAL MEDIA | BRANDING | RESEARCH