Hyderabad: The Telangana government continues to follow the fundamental tenet of faster economic growth with a strong focus on inclusiveness to ensure that the sections of the society that were neglected in the past, receive the benefits of such growth, Governor ESL Narasimhan has said.
In his address to a joint sitting of the Telangana Legislative Assembly and Council here on Monday, the Governor said he was confident that the deliberations during the budget session of the Legislature “will be constructive and useful in evolving policies to achieve the goal of ‘Bangaru Telangana’,”. The Governor’s address marked the beginning of the Budget Session of the state Legislature. The joint sitting of the two Houses was adjourned after the address and both the Assembly and Council will continue their sessions from Tuesday.
TS role model for nation
Narasimhan said as a result of the government policies and initiatives on different fronts, Telangana, “the youngest State of the Indian Union is becoming a role model for the entire country. The State has won several accolades for its initiatives and has been acclaimed at both national and international levels.”
He said the initiatives of the government, be it Mission Kakatiya, Mission Bhagiratha, supply of uninterrupted power to all sections of the population from January 1 this year, welfare schemes ensured overcoming of several challenges. These also ensured “bridging the critical development deficit faced by the State over decades,” he said.
On the State of Telangana’s economy and its growth, the Governor said the proactive policies taken by the state government resulted in impressive economic growth since its formation.
“The average annual growth of Gross State Domestic Product of the Telangana region in the erstwhile state of AP, in the 2 years preceding the formation at 4% was much lower than the all India growth rate of 5.9%. The situation reversed after the formation of Telangana. The state of Telangana clocked an average annual growth of 8.6% of GSDP in the three-year period 2014-15 to 2016-17 which is much higher than the national average of 7.5%.”
He also said the per-capita income of Telangana is estimated at Rs. 1.54 lakh during 2016-17 as against the national per-capita income of Rs.1.03 lakh.
Narasimhan also spoke about the steps taken to improve the agriculture sector , fisheries, horticulture, the sheep distribution programme and the successful undertaking of the land records updation programme.
On the industrial front, Narasimhan said the TSiPASS policy introduced by the government has ensured in Telangana emerging as the favourite destination for establishment of industries among all other sates of the country. “As a result, the State has witnessed an unprecedented flow of investments of Rs.1.18 lakh crore with approvals to 6,206 industrial units, with direct employment potential of 4.47 lakh persons. It is noteworthy that 3,703 units have commenced their operations,” he said.