Agriculture, allied sector grew by 14.3 per cent in Telangana
Although the secondary and tertiary sectors contracted by 2.1 per cent and 3.9 per cent respectively at constant prices, they still fared better than the much steeper contractions at the national level.
Hyderabad: Telangana State’s GSDP at current prices in 2020-21 was Rs. 9,80,407 crore, according to provisional estimates of Telangana State Development Planning Society released here on Wednesday.
Although the secondary and tertiary sectors contracted by 2.1 per cent and 3.9 per cent respectively at constant prices, they still fared better than the much steeper contractions at the national level.
In 2020-21, Telangana was the sixth highest contributor to the country’s GDP at both current prices and constant prices. In 2020-21, the per capita income in Telangana State was Rs 2,37,632 at current prices and Rs. 1,53,298 at constant prices, one of the strongest economic indicators of the well-being of a population, and was 1.84 times and 1.77 times that of the respective national PCI of Rs 1,28,829 at current prices and Rs.86,659 at constant prices.
According to sectoral analysis 2020-21, the agriculture and allied sector in the State grew by 14.3 per cent at constant prices in 2020-21 (compared to the 3.6 per cent agriculture growth
rate at the national level). The contribution of the secondary sector to Telangana’s GSVA was 16.5 per cent and 19.9 per cent at current and constant prices respectively.
The tertiary sector remains the dominant sector in the State’s economy, contributing 59.4 per cent of State GSVA in 2020-21 at current prices and 59.5 per cent of State’s GSVA in 2020-21 at constant prices.
Between 2012-13 and 2020-21, the average annual GSDP growth of Telangana was 11.8 per cent against average annual GDP growth of 9.6 per cent at the national level.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
