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…The community has welcomed the agitation, as businessmen believe that it is for the good reason of keeping the State united, but at the same time they feel that other regions or the people responsible for the present stalemate in Telangana and New Delhi should feel the pinch.
Mr. JSRK Prasad feels that the people of Andhra were totally ignored in the decision-making process. “The stakeholders were not consulted. The biased decision has hurt the sentiments of people,” he said.
Moreover, industry captains feel that the decision was ill-timed and would hit the national economy. According to Mr. Chukkapalli Prasad, the GDP is hovering around 4.4 per cent and the rupee is falling. In such a scenario, creating a new state and allocating huge funds for its development will be a burden on the exchequer.
Mr. JSRK Prasad said if the uncertain climate continued, entrepreneurs, especially budding ones, would think of moving out of the State. “There are quite a few industrialists in Krishna district itself who have either shelved their expansion plans or are planning to move out of the State for safe haven. In the event, states such as Tamil Nadu, Karnataka and Gujarat will stand to gain,” said Mr. JSRK Prasad.