Overview

• Chief Minister N. Chandrababu Naidu presented the 'Swarnandhra 2047' vision to the 16th Finance Commission, aiming to make Andhra Pradesh a $2.4 trillion economy with a $42,000 per capita income by 2047.
• The state seeks special financial aid to address fiscal deficits caused by the bifurcation and the loss of Hyderabad, which significantly impacted revenue generation.
• Key proposals include developing Amaravati as a world-class capital city, completing the Polavaram–Banakacharla water linkage project, and establishing tourism hubs and logistics infrastructure.
• The Amaravati capital project requires ₹77,249 crore, with ₹31,000 crore already secured from international agencies, leaving a funding gap of ₹47,000 crore.
• The Finance Commission is conducting a multi-day visit to Andhra Pradesh to engage with state officials and assess the viability of the proposed projects and financial needs.