BRS MLA Harish Rao criticised the Revanth Reddy Telangana Government, stating that the state’s economy is in a downward spiral with tax collections declining sharply.
Contradicting claims of Telangana’s prosperity, he asserted that economic indicators paint a grim picture of stagnation and mismanagement.
“Mr Chief Minister, it’s not Telangana rising, but rather Telangana’s tax collections falling,” Harish said, pointing to the slump in the GST growth rate.
While Telangana maintained a consistent GST growth rate of over 6% in the last six years –barring the pandemic period – under the Congress government, the growth rate in February crashed to just 1%.
“This decline is not just a statistic. It signals a slowdown in economic activity, reduced consumer spending and dwindling business confidence,” he warned.
He said vehicle tax collections recorded negative growth between April and November 2024, indicating a weakening auto sector. Registration tax revenue slumped after August 2024, which he attributed to the government’s reckless handling of HYDRAA and the Musi Project.
Harish criticised the government’s failure to sustain Telangana’s momentum in revenue generation. “The inability to boost GST revenues, along with declining vehicle and registration tax collections, exposes the shortcomings of Revanth Reddy’s economic policies,” he said.
He called upon the state government to acknowledge its failures, apologise to the people and focus on reviving Telangana’s economy before more damage is done.
