YSRCP flags financial irregularities, MSME closures in Andhra Pradesh

New Delhi: YSR Congress Party (YSRCP) leader PV Midhun Reddy cited recent Union government replies in Parliament to question the N Chandrababu Naidu-led Andhra Pradesh government's economic performance, highlighting closures of micro, small and medium enterprises (MSMEs) and asserting that investment inflows had fallen well short of the TDP-led government's projections.

Reddy said that, as per the Union MSME ministry, 4,520 MSMEs shut down in Andhra Pradesh between 2024-25 and June 30 this year, affecting units that employed 48,477 people. The data showed that 1,401 MSMEs closed in 2024-25, 2,407 in 2025-26 and another 712 during the first quarter of this financial year.

He further said that a reply by the commerce and industry ministry showed that only 10 investment proposals have been grounded in Andhra Pradesh over the past two years, which, according to him, fell far short of the projections and investment claims repeatedly made by the TDP government and Naidu.


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