Budget welfare-oriented, pragmatic: AP Chambers

Vijayawada: Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has welcomed the State Budget, which is pragmatic, welfare oriented, and guided by a long-term development vision.

Commenting on the State Budget 2026, AP Chambers president Potluri Bhaskara Rao said, “Chief Minister N Chandrababu Naidu’s commitment towards achieving Swarna Andhra Vision 2047 is clearly reflected in the policy direction and sectoral priorities outlined in the Budget." He said despite the challenging fiscal deficit situation, the State Government has made sincere efforts to balance welfare commitments with growth-oriented investments.

In the present context, containing the fiscal deficit remains the most critical priority, and fiscal discipline must continue alongside development. He said “the emphasis on agriculture, horticulture, primary education, irrigation, infrastructure, industrial development, and economic region corridors demonstrates a structured roadmap for sustainable and inclusive growth. Investments in these sectors will generate multiplier effects across the economy.”

AP Chambers suggested focused attention on development of the Rare Earths Corridor, early completion of MSME parks, positioning AP as a horticulture & plantation hub and fast-tracking industrial corridor and economic regions development.

The chambers sought fast-track completion of Amaravati capital and Polavaram project.