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HomeEconomyState growth indicators have surpassed national average: Telangana Finance Minister

State growth indicators have surpassed national average: Telangana Finance Minister


Even throughout COVID-19 pandemic occasions, Telangana grew positively at 2.4 per cent whereas the nation registered adverse progress, Telangana Finance Minister T Harish Rao mentioned on Monday, attributing the credit score to Chief Minister Okay Chandrashekhar Rao’s diligence and insurance policies.

Presenting Telangana progress image, Harish Rao alleged opposite to “tall claims” being made by some BJP leaders and union ministers’ India’s financial progress is trailing behind Bangladesh.

“When in comparison with the nationwide progress common, Telangana is rising yearly… even within the 12 months of corona, even within the tough occasions, Telangana registered optimistic progress. It was 2.4 per cent (2020-21). Whereas Authorities of India, our GDP was minus three per cent,” he mentioned at a press convention.

Telangana achieved an 11.7 per cent Common Annual Progress Price (AAGR) of Gross State Home Product (at present costs) from 2014-15 to 2020-21, in comparison with India’s Common Annual Progress Price of 8.1 per cent throughout the identical time span, he mentioned.

In keeping with provisional estimates, Telangana’s GSDP at present costs in 2020-21 was over Rs. 9.80 lakh crore, a rise of 94 per cent from its 2014-15 worth. The state achieved the third rank within the nation by way of the proportion enhance in GSDP at present costs between 2014-15 and 2020-21, the minister mentioned.

At over Rs 2.37 lakh, Telangana per capita revenue is almost double the common nationwide per capita revenue of practically Rs 1.29 lakh, the minister mentioned.

Telangana is the one state within the nation supplying 24×7 free energy to 24.87 lakh agriculture sector customers from January 2018 and by way of per capita vitality consumption, the state stood in third place.

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