Present Andhra Pradeshs financial crisis is largely self-induced. - TopicsExpress

Present Andhra Pradeshs financial crisis is largely self-induced. Reckless populism - loan waiver, free rice, free power, other freebies led to crisis. Fiscal prudence is called for in the new state which lost Hyderabad revenues. Instead, power became an end at the cost of jobs & growth. A proud state with great talent & resources is now forced to beg for Delhis alms even to pay wages. AP is missing growth momentum. If family, caste & power are the dominant impulses in a polity, the price is paid by the poor & unemployed youth. Politics shapes future.

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