Telangana State Planning Board Vice-Chairman B Vinod Kumar releasing the Telangana State Statistical Abstract-2021 on February 23, Wednesday.
Rama Krishna Sangem
“Telangana, the newest state in India is ahead of all other states in terms of growth,” said State Planning Board Vice-Chairman B Vinod Kumar. He said the policies of K Chandrasekhar Rao led TRS government for the last eight years were the reason for this growth. Vinod Kumar spoke after releasing the Telangana State Statistical Abstract-2021 on February 23, Wednesday.
Vinod’s comments assume significance in view of Chief Minister KCR‘s recent efforts to form an anti-BJP national alternative, based on the growth record of his government in Telangana. KCR says BJP has failed in developing the country since 2014. The CM is the Chairman of the State Planning Board. Vinod Kumar is former MP and and a senior TRS leader.
Vinod said that the total debt of Telangana has gone up from Rs 60,000 crore in 2014 to Rs 3 lakh crore currently. However, this money has been spent on capital expenditure which will create huge revenues in the coming years, explained Vinod. Unlike some states which borrow funds for paying salaries or day to day expenditure, Telangana used the funds for assets creation.
This annual event was held at Koutilya Hall, MCR HRD Institute in Hyderabad. Finance and Planning Special Chief Secretary K Rama Krishna Rao, Government Adviser on Finance GR Reddy and Bureau of Economics& Statistical Director Dayanand were among those present. Four fellows – including two senior- of Kakatiya Governance of Telangana too were there.
Vinod Kumar explained the growth and development witnessed in different fields of Telangana in the last few years and pointed out it was a matter of happiness that the state was marching ahead in terms of human development indices. For example, the gender justice in tribal areas is a sign of social development indices.
The abstract covered the growth in key sectors like agriculture, health, education and infrastructure sectors, among other details. Telangana’s GSDP (Gross State Domestic Produce) at current prices in 2020-21 is Rs 9.80 lakh crore. During this period, Telangana is 6th highest contributor to India’s GDP at both current and constant prices.
The per capita income (PCI) in Telangana is Rs 2, 37,632 at current prices and Rs 1, 53,298 at constant prices. . This is higher than the national PCI of Rs 1,28,829 at current prices and Rs 86,659 at constant prices. Telangana’s agriculture sector grew by 14.3 per cent as against national level of 3.6 per cent.
Secondary sector’s (manufacturing) contribution is 16.5 per cent while tertiary sector’s (services) contribution is 59.45 per cent. This is impressive in view of the fact that the state population stood at 3, 77,25,000 (2.8 per cent of Indian population). Of them, 43.6 per cent belong to the age group of 15-40 years.
Kakatiya Governance Senior fellow Sri Harsha Ganti told Excel India that this year’s statistical abstract was well designed with simplified data and text. He and his other colleagues Divya Tiwari (senior fellow), Pranuthi Vedula and Rachana (fellows) were involved in preparing the abstract with the bureau’s officials – D Siva Kumar, Rama Brahmam, Ramakrishna and Vara Prasad.
Very nice article. Keep rocking!!
Sustainable growth/development in Telangana is excellent
Very well explained about Telangana growth . It’s an example to other states to grow. Thanks to TRS government.