Synopsis: He wanted them to renegotiate interest rates on loans carrying exorbitant rates of 11 percent to 14 percent. This comes amid the state’s economic rebound, with second-quarter growth hitting 11.28 percent for 2025-26—outpacing the national GDP growth of 8.7 percent— yet underscoring the lingering drag of a debt burden estimated at over ₹9.5 lakh crore.

In a bold move to ease the state’s mounting fiscal pressures, Andhra Pradesh Chief Minister N. Chandrababu Naidu has doubled efforts to reschedule high-interest loans inherited from the previous YSR Congress Party (YSRCP) regime.

Announcing potential annual savings would be upto ₹7,000 crore, the chief minister, at a high-level review meeting with ministers, secretaries, and department heads on Wednesday, 10 December, directed fin

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