World Bank recognition vindicates KCR’s vision: KTR
The World Bank has ranked Telangana among India’s top five upper-middle-income States, placing it third with a per capita income of USD 5,407. BRS working president KT Rama Rao described the recognition as validation of former Chief Minister K Chandrashekhar Rao’s reforms and leadership, crediting initiatives such as TS-iPASS and Rythu Bandhu for the State’s rapid economic transformation.
Hyderabad: BRS working president KT Rama Rao termed the World Bank’s classification of Telangana among India’s top five upper-middle-income States as global recognition of the economic transformation achieved under former Chief Minister K Chandrashekhar Rao‘s leadership.
Reacting to the World Bank’s per capita income assessment, Rama Rao said Telangana’s rise to the upper-middle-income category with a per capita income of $5,407 reflected one of independent India’s most significant development stories. He credited the achievement to the vision of Chandrashekhar Rao, the efforts of the people and reforms undertaken during the BRS government.
“It takes a reformer to challenge the status quo, a performer to deliver unprecedented numbers, and a true transformer to completely rewrite a State’s destiny. That is the indelible imprint of KCR’s governance,” he added.
Rama Rao said despite lacking the historical advantages enjoyed by several other States, Telangana achieved rapid economic progress through policy initiatives such as TS-iPASS, the Kaleshwaram Lift Irrigation Scheme, Mission Kakatiya and Rythu Bandhu.
“When the World Bank validates Telangana’s economic transformation, it is a global recognition of KCR’s vision,” he said.
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), while Tamil Nadu ($5,329) and Gujarat ($4,734) completed the top five.
The former Minister said the report acknowledged Telangana’s transformation from a region once marked by poverty into one of the country’s most prosperous States, with sustained growth in both State income and citizens’ earnings since its formation.
Taking a swipe at the Congress government, he urged Chief Minister A Revanth Reddy to stop portraying Telangana as a bankrupt State to justify the government’s failure to fulfil its election promises. He maintained that the World Bank assessment had effectively rebutted allegations questioning Telangana’s economic strength.
