According to sources Andhra Pradesh inherited nearly 59% of the population, debt and liabilities of the erstwhile State, but it received just 47% of the revenues. Reportedly YS jagan aid as against the estimates of the 14th Finance Commission that the revenue deficit of AP would be 22,113 crores between 2015 and 2020, the revenue deficit in the last five years was Rs 66,362 crore. On the other hand for the same period neighboring Telangana has revenue surplus of Rs 1.18 lakh crore, he pointed out.
Furthermore he said in the financial year 2015-16, the per capita income of Telangana stood at Rs 14,414, while it was just Rs 8,397 in Andhra Pradesh. Further he pointed out that hyderabad is economically developed while none of the cities in Andhra Pradesh are economically developed.
Moreover after stating that Andhra Pradesh is an agro-based economy, which is bereft of industrialization, the Chief Minister said Special Status once implemented will help the state get investments, incentives, concessions and certain exemptions like income tax. He pointed out "Per capita grant to special category states is Rs 5,573 crore whereas Andhra Pradesh received only Rs 3,428 crore”.
