YSRCP slams Andhra's investment summits as facade amid falling power demand
Synopsis
Key Takeaways
The YSR Congress Party (YSRCP) on Friday, 13 November 2026 launched a sharp attack on the Chandrababu Naidu-led coalition government in Andhra Pradesh, alleging that high-profile investment summits and foreign roadshows are masking a deepening economic slowdown, citing official data on falling electricity consumption, stagnant tax revenues, and rising unemployment.
Key Allegations and Data Cited
Addressing reporters at the YSRCP Central Office in Tadepalli, party spokesperson Putta Sivashankar said the state government and its allied media are projecting 'imaginary development' to deflect scrutiny from unfulfilled election promises. He drew on figures from the Comptroller and Auditor General (CAG) and the Andhra Pradesh Electricity Regulatory Commission (APERC) to buttress his claims.
According to APERC data cited by Sivashankar, electricity sales through distribution companies declined from 71,722 million units in 2023–24 to 70,885 million units in 2025–26. Electricity dispatch, he noted, also fell from 79,758 million units to 78,546 million units — a reduction of 1,212 million units. 'How can electricity demand decline if new industries are genuinely coming up and economic activity is expanding?' he asked.
Tax Revenues and Unemployment Concerns
On fiscal health, Sivashankar cited CAG data showing that Andhra Pradesh's own tax revenue grew only marginally — from ₹85,922.36 crore in 2023–24 to ₹86,552 crore in 2025–26 — well below the expected annual growth rate of 10–12%. He argued that such near-stagnant fiscal receipts are inconsistent with the government's claims of robust industrial activity.
On unemployment, the YSRCP spokesperson said Andhra Pradesh's national ranking deteriorated from fourth to third between the first two quarters of 2026–27. Challenging government claims of generating 20 lakh jobs, Sivashankar demanded village-level employment records, Provident Fund and Employees' State Insurance contribution data, and proof of even 20,000 verifiable new jobs.
Investment Summit Claims Under Scrutiny
The YSRCP targeted investment summits and overseas roadshows as 'diversionary publicity exercises' that produce announcements rather than on-the-ground investment. Notably, Sivashankar questioned the government's claims regarding a major Reliance investment, asking why no photograph of a company representative signing the memorandum of understanding was publicly available. He said slogans about growth engines, quantum technology, and artificial intelligence cannot paper over deteriorating ground-level conditions.
Gram Panchayat Polls and Democratic Concerns
Separately, former Minister Buggana Rajendranath warned that undermining the electoral system would endanger Andhra Pradesh's democratic institutions. He urged the government to ensure the upcoming Gram Panchayat elections are conducted lawfully and without political interference or intimidation.
YSRCP leaders, led by Nandyal District President Katasani Rambhupal Reddy, submitted a memorandum to Kurnool Range DIG Koya Praveen seeking impartial conduct of the elections. Buggana said violence and irregularities seen in recent municipal and local body polls resembled conditions once associated with Bihar and Uttar Pradesh, and warned that such developments damage the state's reputation and democratic future.
With Andhra Pradesh's next round of panchayat elections approaching, the YSRCP's data-led offensive is likely to intensify pressure on the Naidu administration to produce independently verifiable investment and employment outcomes.