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In 1998, the Andhra Pradesh government initiated economic reforms under the Andhra Pradesh Economic Restructuring Project, funded by a ₹2,200 crore World Bank loan, which led to a shift from welfare schemes to private investment. This resulted in cuts to health, education, and agriculture funding, increased living costs for the poor, and rising public debt, ultimately neglecting rural development and exacerbating regional inequalities. Consequently, while the reforms aimed for economic growth, they deepened

Author

Vamshi Kandhala

Language

EN