Telangana has emerged as a national leader in the services sector, with NITI Aayog attributing its success to sustained policy efforts under the BRS government. The State’s GSVA in services rose sharply over the decade, driven by Hyderabad’s tech and innovation ecosystem.
The CAGR of GVA by the services sector in the State was 12.81% between 2014-15 and 2022-23, 2.36 percentage points higher than the All-India average of 10.45%.
Hyderabad: Despite the unprecedented disruption caused by the pandemic to the services sector due to the contact-intensive nature , Telangana’s services sector Gross Value Added (GVA) experienced a positive growth rate at current prices (0.91%) in 2020-21 as compared to the negative growth rate at the national level (-4.65%). The services sector remained a dominant […]
Overall level of positive sentiment climbed to the highest since February amid predictions that market conditions would normalise once a Covid vaccine is rolled out
