KTR cites World Bank report to hail Telangana’s economic rise

Hyderabad: BRS working president KT Rama Rao termed the latest World Bank assessment placing Telangana among India’s top five upper-middle-income States in India as a vindication of the State’s economic trajectory under the previous BRS government. He attributed the achievement to the efforts of its people and the leadership of former Chief Minister K Chandrashekhar […]

Hyderabad: BRS working president KT Rama Rao termed the latest World Bank assessment placing Telangana among India’s top five upper-middle-income States in India as a vindication of the State’s economic trajectory under the previous BRS government. He attributed the achievement to the efforts of its people and the leadership of former Chief Minister K Chandrashekhar Rao.

Reacting to reports on the World Bank’s per capita income classification, Rama Rao said Telangana’s emergence as an upper-middle-income State was a matter of pride for its people and a fitting response to allegations that the State was financially bankrupt. He said Telangana transformed from a region once marked by poverty into one of the country’s wealthiest States.

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The BRS working president said the report reflected the gains achieved since the State formation, with both the State’s wealth and the income levels of its citizens registering significant growth. He asserted that international institutions had acknowledged the State’s economic progress.

According to the World Bank’s income benchmark, Telangana ranked third among Indian States with a per capita income of $5,407, behind Delhi ($6,217) and Karnataka ($5,579). Tamil Nadu ($5,329) and Gujarat ($4,734) completed the top five, with all five States crossing the World Bank’s threshold for the upper-middle-income category.