The anticipated GSDP at constant (2004-05) prices for 2014-15 is estimated at Rs 2.17 lakh crore as against Rs 2.06 lakh crore for 2013-14, thus registering a growth of 5.3%. The GSDP at current prices for 2014-15 is estimated at Rs 4.30 lakh crore as against Rs 3.91 lakh crore for 2013-14 with a growth rate of 9.9 per cent. Hyderabad boasts of Hitec City, one of the largest hubs for software and IT enabled industries in Asia, that employs millions of skilled professionals drawn from all parts of the world and working in top MNCs of the world. The project will be developed over an area of 19,000 acres and is expected to attract Rs. An industrial growth of 4.1% and healthy services at 9.7% have made a major contribution to the overall increase in the GSDP growth of Telangana in 2014-15. In 2019, 74 investment intentions with proposed investment worth Rs. "The Government of Telangana has communicated its acceptance for Option-1 The state holds an advantage as it possesses readymade capital with necessary infrastructure and ecosystem. In September 2019, TSIIC launched the Pharma City project at Mucherla village in Ranga Reddy district, spread across 19,000 acres and the Medical Devices Park located at Sultanpur village of Sangareddy district. Suryapet has several small- to medium-scale industries. Telangana Economy not only covers the statistical part of economy but also the human development, Economy of Telangana has got a major shift in the recent decade with a great focus on secondary and tertiary sector. It touched US$ 5.52 billion during April-December 2019. The Economy of Telangana is mainly supported by agriculture. 10,000 crore (US$ 1.49 billion) in the life sciences sector in the last four years. Total merchandise export from the state stood at US$ 7.23 billion during 2018-19. Hyderabad: A day after Prime Minister Narendra Modi visited the Bharat Biotech facility in Hyderabad to take stock of the Covaxin progress, Telangana Municipal minister K.T. On the other hand, the rest of seven districts together account for about 55% of the state GDP. Hours before the polling for municipal elections began in Greater Hyderabad, Telangana BJP President Bandi Sanjay Kumar's car was allegedly attacked by some unknown miscreants on Necklace Road. A majority of the lift irrigation schemes were constructed by the government and handed over to peasant bodies for their maintenance. Telangana is a pharmaceutical manufacturing hub in the country and has attracted investment worth Rs. Economy of Telangana: The economy of Telangana is mostly driven by agriculture and the farmers are mostly dependent on rain-fed water sources. Telangana’s economy was long dominated by agriculture, notably the production of rice. Some of the major initiatives taken by the government to promote Telangana as an investment destination are: To access Archived reports, please click here, Copyright © 2010-2020 India Brand Equity Foundation, All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation.Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Some were left to be Rice is the major food crop. The State Government is setting up the Hyderabad Pharma City, which will be the first of its kind, smart ecosystem creating a new international benchmark for Sustainable Industrial cities. The state’s rivers, particularly the Godavari and the Krishna, have been tapped to provide irrigation for the dry interior, although many areas still depend on the somewhat unpredictable monsoon rainfall. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. 2,05,696 in 2018-19 is much higher than the national per capita income of Rs.1,26,406. The primary sector in the State economy comprising agriculture and allied sectors grew by … The state holds an advantage as it possesses readymade capital with necessary infrastructure and ecosystem. The state has also got the permission to borrow an additional Rs 5,017 crore this fiscal (0.5% of Telangana’s GSDP) as a separate incentive for joining the scheme. It is carved out of […] Leading IT companies like Facebook, Google, IBM, and Microsoft hold significant presence in Hyderabad. In 2018, domestic and foreign tourist arrival in the state stood at 92.8 million and 0.32 million, respectively. Because of closer integration of the State economy with the national economy and the global economy, it is likely that the current slowdown in the national economy In this course, Prabhakar Chouti will provide in-depth knowledge of Telangana Economy. Nalgonda District Ecomony INTRODUCTION The importance and significance of gross root level planning and decentralized planning at Mandal level is being increased day by day, and to prepare the decentralized planning, it is very essential to have proper data on various development indicators. After its … Out of total Geographical area of 16,02,900 hectares. Telangana is the eighth-largest state economy in India with Rs 9.7 lakh crore ($140 billion) in gross domestic product and a per capita GDP of Rs 228,000 ($3,200). "The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation. of Rs.1,26,406. It has … Telangana Bypoll Results 2020: BJP wins Dubbak seat 10 Nov, 2020, 05.55 PM IST The bypoll held on November 3 has been necessitated due to the death of sitting TRS MLA Solipeta Ramalinga Reddy in August this year due to health issues and … As of February 2020, Telangana had 30 operational SEZs, 56 notified SEZs and 63 formally approved SEZs. The contribution of Industry sector is estimated to be 24.3% without much variation compared to the past year, while services had chipped in with a higher percentage of 62.9% (2014-15) as against 60.3% in 2013-14. Land put to non agricultural uses is 1,30,363 hectares, current fallow land is 64,380 hectares which is 2.92% of the total area available for enterprises. These are BHEL (Bharat Heavy Electricals Limited-One of the MAHARATNA companies of Govt. 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