Telangana fastest growing state says the "arthNiti" report of NitiAyog

[hyperbole]

Hyderabad: Telangana has been adjudged as one of the fastest growing States as State economy grew at an average annual rate of more than 9 per cent for the last six years. According to arthNITI, a report released by the Niti Aayog, the Telangana State stood at 7th place in terms of GSDP (Gross State Domestic Product) and clocked a CAGR (Compound Annual Growth Rate) of more than 11 per cent since 2015-16. Interestingly, the industrial sector growth surpassed agriculture sector in the GSDP by registering 17 per cent. The contribution of the farming sector is 16 per cent of the State growth. As per the Department for Promotion of Industry and Internal Trade data, the cumulative Foreign Direct Investment flow into Telangana amounted to USD1,539.82 million between October 2019 and December 2020. The report said that the new TSiPASS industrial policy helped the State to move fast in the industrial growth.

 

Sample this for growth at a scorching pace – a mind-boggling 94 per cent increase in GSDP at current prices in 2020-21 from its 2014-15 value (third highest in the country), national leader in pharmaceutical sector with Hyderabad accounting for 20 per cent of total exports, a massive increase of 120 per cent in IT exports since State formation in 2014, outpacing the country in growth consistently by 3.7 percentage points, an impressive per capita income of over Rs 2.37 lakh that is 1.84 times more than the national PCI, an 8-fold increase in agriculture growth. And all these are facts and figures have been released by Niti Aayog in its ‘ArthNithi’ report on August 30.

 

The report points out that Telangana’s GSDP of over Rs 9.80 lakh crore at current prices in 2020-21 pole-vaulted the State into the third position in the country in GSDP percentage increase in just seven years. Telangana, besides being the sixth highest contributor to the country’s GDP at current prices, also recorded the third highest average annual growth rate of GSDP at current prices in the country. The GSDP growth rate was the highest among all the southern States at 11.7 per cent post State formation, leaving behind even ‘developed’ and well-established States like Tamil Nadu and Karnataka.

Coming down to the brass tacks of the sector, not only did the agriculture sector emerge as the top employer with 54 per cent of the State population taking up agriculture activities, the primary sector grew by a phenomenal eight times since 2014, and its contribution to the Gross State Value Addition (GSVA) improved from 19.5 per cent in 2014-15 to over 24 per cent in 2020-21. The agriculture sector’s contribution to the GSDP was around 16 per cent, which is significant given the fact that Telangana in the pre-2014 era was a barren and parched mass of land.

That the policies of the State government are on the right track and are people-centric can be gauged from the fact that the per capita income for Telangana was Rs 2,37,632 against the national PCI of Rs 1,28,829. It surpassed seven States to occupy the third slot in PCI in the country, and again the highest growth rate of 11.5 per cent among the southern States.

https://www.niti.gov.in/sites/default/files/2021-08/Arthniti-August_28-08-2021.pdf

 

 

[Swatkat]

Just now, hyperbole said:

https://www.niti.gov.in/sites/default/files/2021-08/Arthniti-August_28-08-2021.pdf

 

 

 

Hyderabad: Telangana has been adjudged as one of the fastest growing States as State economy grew at an average annual rate of more than 9 per cent for the last six years. According to arthNITI, a report released by the Niti Aayog, the Telangana State stood at 7th place in terms of GSDP (Gross State Domestic Product) and clocked a CAGR (Compound Annual Growth Rate) of more than 11 per cent since 2015-16. Interestingly, the industrial sector growth surpassed agriculture sector in the GSDP by registering 17 per cent. The contribution of the farming sector is 16 per cent of the State growth. As per the Department for Promotion of Industry and Internal Trade data, the cumulative Foreign Direct Investment flow into Telangana amounted to USD1,539.82 million between October 2019 and December 2020. The report said that the new TSiPASS industrial policy helped the State to move fast in the industrial growth.

Sample this for growth at a scorching pace – a mind-boggling 94 per cent increase in GSDP at current prices in 2020-21 from its 2014-15 value (third highest in the country), national leader in pharmaceutical sector with Hyderabad accounting for 20 per cent of total exports, a massive increase of 120 per cent in IT exports since State formation in 2014, outpacing the country in growth consistently by 3.7 percentage points, an impressive per capita income of over Rs 2.37 lakh that is 1.84 times more than the national PCI, an 8-fold increase in agriculture growth. And all these are facts and figures have been released by Niti Aayog in its ‘ArthNithi’ report on August 30.

The report points out that Telangana’s GSDP of over Rs 9.80 lakh crore at current prices in 2020-21 pole-vaulted the State into the third position in the country in GSDP percentage increase in just seven years. Telangana, besides being the sixth highest contributor to the country’s GDP at current prices, also recorded the third highest average annual growth rate of GSDP at current prices in the country. The GSDP growth rate was the highest among all the southern States at 11.7 per cent post State formation, leaving behind even ‘developed’ and well-established States like Tamil Nadu and Karnataka.

Coming down to the brass tacks of the sector, not only did the agriculture sector emerge as the top employer with 54 per cent of the State population taking up agriculture activities, the primary sector grew by a phenomenal eight times since 2014, and its contribution to the Gross State Value Addition (GSVA) improved from 19.5 per cent in 2014-15 to over 24 per cent in 2020-21. The agriculture sector’s contribution to the GSDP was around 16 per cent, which is significant given the fact that Telangana in the pre-2014 era was a barren and parched mass of land.

That the policies of the State government are on the right track and are people-centric can be gauged from the fact that the per capita income for Telangana was Rs 2,37,632 against the national PCI of Rs 1,28,829. It surpassed seven States to occupy the third slot in PCI in the country, and again the highest growth rate of 11.5 per cent among the southern States.

 

 

Nice bro. Ap kuda untey ey bro. Just curious hope one day mumbai ni cross chesthey baguntadhi hyd.

[hyperbole]

7 minutes ago, Swatkat said:

Nice bro. Ap kuda untey ey bro. Just curious hope one day mumbai ni cross chesthey baguntadhi hyd.

Andhra has more resources than Telangana, Andhra leaders focus should be on agriculture and ports, tourism, industries etc. The IT thing is passé and waste of time in chasing it. They are not putting money where their mouth is. Amaravathi is one example and too much wastage on welfare now - India is a welfare state but they should balance growth and welfare

[psycopk]

Thank you jagan antuna chillar harish

[JAI_NTR]

@Bodi_lafangi  

[Raven_Rayes]

54 minutes ago, hyperbole said:

Andhra has more resources than Telangana, Andhra leaders focus should be on agriculture and ports, tourism, industries etc. The IT thing is passé and waste of time in chasing it. They are not putting money where their mouth is. Amaravathi is one example and too much wastage on welfare now - India is a welfare state but they should balance growth and welfare

I think it's TG that is misallocating its resources, especially by trying to build an agri base. 

TGs growth is thanks to its growth in IT, and you are saying IT is over. And want Andhra to misallocate more resources to agriculture. 

AP having more resources than TG is no longer true since the division. Especially financial resources

[Ryzen_renoir]

5 minutes ago, Raven_Rayes said:

I think it's TG that is misallocating its resources, especially by trying to build an agri base. 

TGs growth is thanks to its growth in IT, and you are saying IT is over.

They are spreading the wealth to rural areas and agri base is the easiest way to do that .

Although I too find that ten stages of  lift in kaleswaram excessive . 

Overall their biggest failure is not upgrading public education even with ample funds , they should have allocated half the funding of irrigation to schools , colleges 

[Raven_Rayes]

2 minutes ago, Ryzen_renoir said:

They are spreading the wealth to rural areas and agri base is the easiest way to do that .

Although I too find that ten stages of  lift in kaleswaram excessive . 

Overall their biggest failure is not upgrading public education even with ample funds , they should have allocated half the funding of irrigation to schools , colleges 

He wants AP to invest more in Agri, as if AP is already not a heavily agri dependent economy.

And ports. Which is not even a sector in India. 

 

[chinnapillalabandi]

AP needs a visionary leader's rule like Ysr,Cbn,Karunandhi for atleast 2-3 terms

Having very less mp seats n thumping majority for a single party over parliament become curse to AP

Both AP n TG lost their influence in center by dividing n no one cares us nw. Having a tier 1 city like hyd is a boon to TG unlike AP

Finally AP needs atleast a strong leader who can atleast defend with center for its allocations

Its high time AP needs a good leader to chose n make him CM for 2-3 consecutive terms for its progressive growth

Finally in the context of telugu people, We divided n lost our influence at central

AP is badly effected on this😥

 

[Ryzen_renoir]

Just now, Raven_Rayes said:

He wants AP to invest more in Agri, as if AP is already not a heavily agri dependent economy.

And ports. Which is not even a sector in India. 

 

Ports are the gateway to the world , the most intense period of growth in china came when it was a port based economy . 

https://www.sciencedirect.com/science/article/abs/pii/S0967070X17303281 

 

AP agri lo invest cheyadam waste 

[Ryzen_renoir]

3 minutes ago, chinnapillalabandi said:

AP needs a visionary leader's rule like Ysr,Cbn,Karunandhi for atleast 2-3 terms

Having very less mp seats n thumping majority for a single party over parliament become curse to AP

Both AP n TG lost their influence in center by dividing n no one cares us nw. Having a tier 1 city like hyd is a boon to TG unlike AP

Finally AP needs atleast a strong leader who can atleast defend with center for its allocations

Its high time AP needs a good leader to chose n make him CM for 2-3 consecutive terms for its progressive growth

Finally in the context of telugu people, We divided n lost our influence at central

AP is badly effected on this😥

 

Nee moham  , AP was even worse under United state. 

Emi develop chesaru 70 years lo ? Division jaragadam AP ki manchidhi. 

Leaders are like diapers , they become worthless after some uses

 

[chinnapillalabandi]

Just now, Ryzen_renoir said:

Ports are the gateway to the world , the most intense period of growth in china came when it was a port based economy . 

https://www.sciencedirect.com/science/article/abs/pii/S0967070X17303281 

 

AP agri lo invest cheyadam waste 

Agri lo exports plays keyrole

Manam cheppukune rice produce asalu waste. Manakante china n few countries chala thakkuvaki ammuthunaru

Not only rice , tomato,other veggies etc

Ports are our strength n longest coastal corridor is a boon to AP 

Hope AP invests on these ports

[bhaigan]

4 minutes ago, Ryzen_renoir said:

Nee moham  , AP was even worse under United state. 

Emi develop chesaru 70 years lo ? Division jaragadam AP ki manchidhi. 

Leaders are like diapers , they become worthless after some uses

 

I too support division of united AP

ledante erstwhile AP asalu develop ayi undedi kadu

[Raven_Rayes]

8 minutes ago, Ryzen_renoir said:

Ports are the gateway to the world , the most intense period of growth in china came when it was a port based economy . 

https://www.sciencedirect.com/science/article/abs/pii/S0967070X17303281 

 

AP agri lo invest cheyadam waste 

Ports are great infra, but they don't create the boom. It's federal spending that does. 

TG doesn't need it coz they export high value products like software and pharma 

[Raven_Rayes]

6 minutes ago, Ryzen_renoir said:

Nee moham  , AP was even worse under United state. 

Emi develop chesaru 70 years lo ? Division jaragadam AP ki manchidhi. 

Leaders are like diapers , they become worthless after some uses

 

Yes. Division was the best thing in the long run. 

But AP was not worse under United AP, in the sense the region's agri always flourished and more ambitious can always take the extra money and go and act mighty in Hyderabad. Eg. Our Telugodura. Hehe.. he wants those glory days back. Too bad. Lol