State growth indicators have surpassed national average: Telangana Minister

By: |
August 23, 2021 4:39 PM

Telangana is the only state in the country supplying 24x7 free power to 24.87 lakh agriculture sector consumers from January 2018 and in terms of per capita energy consumption, the state stood in third position.

At over Rs 2.37 lakh, Telangana per capita income is nearly double the average national per capita income of nearly Rs 1.29 lakh, the minister said.

Even during COVID-19 pandemic times, Telangana grew positively at 2.4 per cent whereas the country registered negative growth, Telangana Finance Minister T Harish Rao said on Monday, attributing the credit to Chief Minister K Chandrashekhar Rao’s diligence and policies.

Presenting Telangana growth picture, Harish Rao alleged contrary to “tall claims” being made by some BJP leaders and union ministers’ India’s economic growth is trailing behind Bangladesh.

“When compared to the national growth average, Telangana is growing every year… even in the year of corona, even in the difficult times, Telangana registered positive growth. It was 2.4 per cent (2020-21). Whereas Government of India, our GDP was minus three per cent,” he said at a press conference.

Telangana achieved an 11.7 per cent Average Annual Growth Rate (AAGR) of Gross State Domestic Product (at current prices) from 2014-15 to 2020-21, compared to India’s Average Annual Growth Rate of 8.1 per cent during the same time span, he said.

According to provisional estimates, Telangana’s GSDP at current prices in 2020-21 was over Rs. 9.80 lakh crore, an increase of 94 per cent from its 2014-15 value. The state achieved the third rank in the country in terms of the percentage increase in GSDP at current prices between 2014-15 and 2020-21, the minister said.

At over Rs 2.37 lakh, Telangana per capita income is nearly double the average national per capita income of nearly Rs 1.29 lakh, the minister said.

Telangana is the only state in the country supplying 24×7 free power to 24.87 lakh agriculture sector consumers from January 2018 and in terms of per capita energy consumption, the state stood in third position.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1India becoming destination country for healthy foods like millets: Narendra Singh Tomar at G-20 agri meet
2Commerce ministry to observe ‘Vanijya Saptah’ during September 20-26
3Govt receiving max FDI proposals in 3 depts from nations sharing land border with India