<ul><li>Andhra Pradesh Chief Minister, N. Chandrababu Naidu, requested the 16th Finance Commission to increase the states' share in central taxes to 50%.</li><li>Naidu emphasized that the share of horizontal devolution has been declining from 23.4% to 15.80%, resulting in financial loss for Andhra Pradesh.</li><li>He mentioned that Andhra Pradesh lacks a capital like Hyderabad, which has become a major problem.</li><li>Naidu also highlighted the state's development initiatives, aiming to make Andhra Pradesh a $2.4 trillion economy with 15% annual growth in State Gross Domestic Product (GSDP).</li></ul>

Increase States’ share in Central taxes to 50%: Andhra CM to 16th Finance Commission

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