Niti Aayog endorses Telangana growth story
Hyderabad: Telangana’s phenomenal success story and its emergence as a powerhouse across sectors in a matter of just seven years is not a political rhetoric indulged in by the State government. It bears the stamp of no less an authority than Niti Aayog, the nation’s planning body, based on data-driven facts that acknowledge Telangana as […]
Hyderabad: Telangana’s phenomenal success story and its emergence as a powerhouse across sectors in a matter of just seven years is not a political rhetoric indulged in by the State government. It bears the stamp of no less an authority than Niti Aayog, the nation’s planning body, based on data-driven facts that acknowledge Telangana as one of the fastest growing States in the country.
Sample this for growth at a scorching pace – a mind-boggling 94 per cent increase in GSDP at current prices in 2020-21 from its 2014-15 value (third highest in the country), national leader in pharmaceutical sector with Hyderabad accounting for 20 per cent of total exports, a massive increase of 120 per cent in IT exports since State formation in 2014, outpacing the country in growth consistently by 3.7 percentage points, an impressive per capita income of over Rs 2.37 lakh that is 1.84 times more than the national PCI, an 8-fold increase in agriculture growth… the list goes on. And all these are facts and figures have been released by Niti Aayog in its ‘ArthNithi’ report on August 30.
The report points out that Telangana’s GSDP of over Rs 9.80 lakh crore at current prices in 2020-21 pole-vaulted the State into the third position in the country in GSDP percentage increase in just seven years. Telangana, besides being the sixth highest contributor to the country’s GDP at current prices, also recorded the third highest average annual growth rate of GSDP at current prices in the country. The GSDP growth rate was the highest among all the southern States at 11.7 per cent post State formation, leaving behind even ‘developed’ and well-established States like Tamil Nadu and Karnataka.
That the policies of the State government are on the right track and are people-centric can be gauged from the fact that the per capita income for Telangana was Rs 2,37,632 against the national PCI of Rs 1,28,829. It surpassed seven States to occupy the third slot in PCI in the country, and again the highest growth rate of 11.5 per cent among the southern States. This achievement in PCI is all the more significant since Telangana region in undivided Andhra Pradesh was known more for its poverty and drought, and speaks volumes of the measures initiated by the State government for overall development and welfare of the people.
