Hyderabad: Telangana achieved phenomenal growth after the formation of the state led by Prime Minister K Chandrasekhar Rao on macroeconomic indicators such as gross state domestic product and gross value added in services, banking and insurance, industry, agriculture, manufacturing and construction sectors, which is clear. by the latest RBI Handbook on Indian States 2020-21.
The state’s domestic product grew by 117 percent from Rs 4,51,580.40 crore in 2013-14 to Rs 9,80,407,01 crore in 2020-21.
Telangana’s value added in the service sector increased by 120 percent from Rs 2,42,272,96 crore in 2013-14 to Rs 5,33,230,87 crore in 2020-21.
Similarly, the state’s gross value added in the banking and insurance sector increased by 99.8 percent from Rs 26,595.53 crore in 2013-14 to Rs 53,145.22 crore in 2020-21.
Gross value added in industry increased by 74.9 percent from Rs 1,02,825.74 crore in 2013-14 to Rs 1,79,884.62 crore.
Gross value added in agriculture jumped 71 percent from Rs 47,092.85 crore to
Rs 80,574 crore in 2020-21.
Telangana’s gross value added in manufacturing in 2020-’21 increased by 64.5 percent to Rs 94,020.82 crore from Rs 57,148.39 crore in 2013-14.
Gross value added in construction grew by 50.6 percent from Rs 24,582.42 crore in
2013-14 to Rs 37,029.76 crore in 2020-21.
Source: Telangana Today