N Chandrababu Naidu meets PM Modi, seeks aid for Andhra Pradesh

New Delhi, August 17 Andhra Pradesh Chief Minister N Chandrababu Naidu met Prime Minister Narendra Modi on Saturday and sought enhanced financial assistance for the debt-ridden southern state. In his first meeting with Modi after the Budget, Naidu thanked the...

PTI

Updated At : 06:17 AM Aug 18, 2024 IST

Andhra Pradesh Chief Minister N Chandrababu Naidu met Prime Minister Narendra Modi on Saturday and sought enhanced financial assistance for the debt-ridden southern state. - File photo

New Delhi, August 17

Andhra Pradesh Chief Minister N Chandrababu Naidu met Prime Minister Narendra Modi on Saturday and sought enhanced financial assistance for the debt-ridden southern state.

In his first meeting with Modi after the Budget, Naidu thanked the PM for key announcements made for Andhra Pradesh, including Rs 15,000 crore funding for the new capital’s development, sources said.

The Telugu Desam Party (TDP) chief discussed the state’s financial status in detail and requested more Central support to overcome fiscal challenges, boost economic activity and increase the state’s GDP, the sources added.

Official data shows Andhra Pradesh’s public debt has risen from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in 2023-24, indicating worsening fiscal health over the last five years. The TDP, with its 16 Lok Sabha MPs, is a key constituent of Prime Minister Modi-led NDA government. — PTI