Chief Minister Chandrababu Naidu meets PM Modi, seeks financial support for Andhra | Business & Politics News

Naidu is likely to meet Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on his second day of visit to the national capital. (Photo: PTI)

1 min read Last updated: August 17, 2024 | 7:46 p.m. IST

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

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

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

Official data shows that Andhra Pradesh’s public debt has increased from 31.02 per cent of the gross state domestic product (GDP) in 2019-20 to 33.32 per cent in 2023-24, indicating a deterioration in fiscal health over the last five years.

The TDP, with its 16 MPs in the Lok Sabha, is a key component of the NDA government led by Prime Minister Modi.

Naidu is expected to meet Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on his second day of visit to the national capital.

(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First published: August 17, 2024 | 7:46 p.m. IST