An Introduction Of Telangana economy
Telangana state was formed in June 2014 post the split of erstwhile Andhra Pradesh. The earlier capital city of Hyderabad is part of Telangana. The state holds an advantage as it possesses readymade capital with necessary Infrastructure-2/”>INFRASTRUCTURE and ecosystem.
Between 2004-05 and 2015-16, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 14.49 per cent to US$ 89.1 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 14.79 per cent to US$ 81.13 billion.
Telangana’s economy was long dominated by agriculture, notably the production of rice. 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. In addition to rice, other important crops are corn (maize) and Cotton. The Nagarjuna Sagar multipurpose dam project on the border with Andhra Pradesh, which diverts the waters of the Krishna for irrigation, has substantially increased the production of rice and sugarcane. Rice flour, rice-bran oil, paints and varnishes, soaps and detergents, cardboard and other packaging materials, and cattle feed are all produced from local paddy rice. Other agricultural commodities include chili peppers, sorghum, pulses (peas, beans, and lentils), castor beans, and peanuts (groundnuts), as well as a variety of tropical fruits. Livestock raising and aquaculture are also important, each accounting for a small but still significant component of annual economic output. The state’s woodlands annually yield high-quality timber, such as teak and eucalyptus. Non-timber forest products—including sal seeds (from which an edible oil is extracted), tendu leaves (for rolling cigarettes), gum karaya (a type of emulsifier), and bamboo—are also important. The State Government initiated a major reforestation program.
Mineral
Among Telangana’s principal mineral Resources are coal, limestone, quartz, granite, feldspar, dolomite, and barite. The diamond mines of the Golconda Plateau were once renowned worldwide for producing the Koh-i-noor diamond and other famous stones; efforts have been made to revive production in the area. Most of Telangana’s energy is produced by thermal generators in the public sector, with hydroelectric power stations providing an important secondary Source Of Energy. In addition, the government has taken steps to develop wind and solar energyproduction.
Industries
Several major manufacturing and Services industries are in operation mainly around Hyderabad. Automobiles and auto components Industry, spices, mines and Minerals, textiles and apparels, pharmaceutical, Horticulture-2/”>Horticulture, Poultry farming are the main industries in Telangana.
In terms of services, Hyderabad is usually nicknamed as Cyberabad due to its information technology foray and location of major Software industries in the city. Prior to secession, it contributed 15% to India’s and 98% to Adhra Pradesh’s exports in IT and ITES sectors last 2013 With Hyderabad as in the front line of Telangana’s aims to promote information technology in India, the city boasts the HITEC City as its premier hub.
Power
Availability of quality power is indispensable for improving living standards and the growth of economy. State Government aimed at providing at least 9 hour a day free power supply for agricultural purpose and uninterrupted power supply for industrial and domestic consumption. Government has commissioned 6 new power projects with the target of producing additional 6840 MW power to meet the future needs.
Tourism
Tourism is now one of the world’s largest industries and one of its fastest growing economic sectors. Tourism may have a positive economic impact on the Balance of Payments, EMPLOYMENT, gross income and production
Telangana is not only Hyderabad but, also offers the heritage site of the Kakatiya Fort, Rammappa Temple and the Thousand pillar temple at Warangal; for the Spiritually inclined, Lord Sri Ram Temple at Bhadrachalam, Heritage of Hyderabad and Warangal will be our focus area apart from the ancient temples at Yadrigutta, Vemulawada, Bhadrachalam, etc.
Key Sectors:
- Under the Department of Information Technology, Electronics & Communications, the Government of Telangana has introduced Telangana IT Policy, 2016 in April 2016 for the uplifting the performance of the sector in the state.
- As per the socio-economic survey 2015-16, at a projected amount of US$ 2.0 billion, the Hyderabad Pharma City is being established which will consist of R&D Lab, university, etc. The park is proposed to be established on 11,000 acres of land at Mucherla and is expected to create employment opportunities for 70,000 people.
- The Telangana government has allocated an amount of US$ 35.44 million for the development of tourism and culture department during 2016-17.
- As of March 2015, a new textile policy was introduced in Telangana. Purpose of this policy is to provide special incentives to the textiles sector. In order to promote the textile sector in the state, the Government of Telangana is working on a new textile policy to attract investments in the sector.
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Telangana is a state in southern India. It was formed on 2 June 2014, after a long struggle for statehood by the people of Telangana. The state is home to a Population of over 35 million people, making it the 12th most populous state in India. The capital of Telangana is Hyderabad, which is also the sixth most populous city in India.
Telangana is a land of contrasts. It is home to both the lush green forests of the Western Ghats and the arid plains of the Deccan Plateau. The state is also home to a number of rivers, including the Godavari, Krishna, and Tungabhadra.
Telangana is a diverse state, with a population that speaks a variety of languages, including Telugu, Urdu, Hindi, and Marathi. The state is also home to a number of different religions, including Hinduism-2/”>Hinduism, Islam, Christianity, and Sikhism.
The economy of Telangana is one of the fastest growing in India. The state is home to a number of industries, including agriculture, manufacturing, and IT. Telangana is also a major producer of minerals, including coal, iron Ore, and bauxite.
Agriculture is the backbone of the Telangana economy. The state is a major producer of rice, cotton, and tobacco. The state is also home to a number of livestock, including cattle, sheep, and goats.
Manufacturing is another important sector of the Telangana economy. The state is home to a number of manufacturing industries, including automobiles, electronics, and pharmaceuticals. Telangana is also a major producer of steel and cement.
IT is a rapidly growing sector of the Telangana economy. The state is home to a number of IT companies, including Infosys, Wipro, and TCS. Telangana is also home to a number of educational institutions, including the Indian Institute of Technology Hyderabad and the National institute of technology Warangal.
Telangana is a state with a rich history and culture. The state is home to a number of historical monuments, including the Golconda Fort and the Qutb Shahi Tombs. Telangana is also home to a number of festivals, including the Bathukamma festival and the Bonalu festival.
Telangana is a state with a bright future. The state is home to a number of Natural Resources, a skilled workforce, and a supportive government. Telangana is poised to become one of the leading economies in India.
Here are some of the key challenges facing the Telangana economy:
- Infrastructure: Telangana is a relatively young state, and its infrastructure is not as developed as some of the other states in India. This is a major challenge for the state, as it needs to invest in infrastructure in order to attract Investment and create jobs.
- Education: Telangana has a high rate of illiteracy, which is a major challenge for the state. The state needs to invest in education in order to improve the skills of its workforce and create a more educated population.
- Health: Telangana has a high rate of POVERTY, which is a major challenge for the state. The state needs to invest in healthcare in order to improve the health of its population and reduce poverty.
- Social welfare: Telangana has a high rate of Unemployment, which is a major challenge for the state. The state needs to invest in social welfare programs in order to provide assistance to the unemployed and reduce poverty.
- Environment: Telangana is facing a number of environmental challenges, including Air Pollution, Water Pollution, and deforestation. The state needs to take steps to address these challenges in order to protect its environment and improve the Quality Of Life for its people.
Despite these challenges, Telangana is a state with a bright future. The state has a number of strengths, including a skilled workforce, a supportive government, and a number of natural resources. Telangana is poised to become one of the leading economies in India.
What is the economy of Telangana like?
Telangana is a state in India with a population of over 35 million people. The economy of Telangana is based on agriculture, manufacturing, and services. The state is a major producer of rice, cotton, and tobacco. Telangana also has a growing manufacturing sector, which produces goods such as automobiles, electronics, and pharmaceuticals. The services sector is the largest sector of the economy, and employs the majority of the workforce.
What are the major industries in Telangana?
The major industries in Telangana are agriculture, manufacturing, and services. Agriculture is the largest sector of the economy, and employs the majority of the workforce. The state is a major producer of rice, cotton, and tobacco. Telangana also has a growing manufacturing sector, which produces goods such as automobiles, electronics, and pharmaceuticals. The services sector is the largest sector of the economy, and employs the majority of the workforce.
What are the major challenges facing the economy of Telangana?
The major challenges facing the economy of Telangana are poverty, unemployment, and Infrastructure Development. Poverty is a major problem in Telangana, with over 20% of the population living below the Poverty Line. Unemployment is also a major problem, with the unemployment rate in Telangana being higher than the national Average. Infrastructure development is another major challenge, with the state needing to invest in roads, bridges, and other infrastructure to support economic growth.
What are the opportunities for investment in Telangana?
There are many opportunities for investment in Telangana. The state has a young and growing population, a low cost of living, and a pro-business environment. Telangana is also a major producer of agricultural products, manufactured goods, and services. The state is investing heavily in infrastructure, and is looking to attract foreign investment.
What are the future prospects for the economy of Telangana?
The future prospects for the economy of Telangana are positive. The state has a young and growing population, a low cost of living, and a pro-business environment. Telangana is also a major producer of agricultural products, manufactured goods, and services. The state is investing heavily in infrastructure, and is looking to attract foreign investment. With these factors in place, the economy of Telangana is expected to grow at a healthy pace in the years to come.
1. Which of the following is not a major industry in Telangana?
(A) Agriculture
(B) Manufacturing
(C) IT
(D) Tourism
2. Which of the following is the capital of Telangana?
(A) Hyderabad
(B) Vijayawada
(C) Warangal
(D) Karimnagar
3. What is the Population of Telangana?
(A) 35 million
(B) 40 million
(C) 45 million
(D) 50 million
4. What is the GDP of Telangana?
(A) $100 billion
(B) $150 billion
(C) $200 billion
(D) $250 billion
5. What is the Literacy rate in Telangana?
(A) 60%
(B) 70%
(C) 80%
(D) 90%
6. What is the main language spoken in Telangana?
(A) Telugu
(B) Hindi
(C) Urdu
(D) English
7. What is the main religion in Telangana?
(A) Hinduism
(B) Islam
(C) Christianity
(D) Sikhism
8. What is the main agricultural crop in Telangana?
(A) Rice
(B) Cotton
(C) Tobacco
(D) Jute
9. What is the main mineral found in Telangana?
(A) Iron ore
(B) Coal
(C) Limestone
(D) Bauxite
10. What is the main tourist attraction in Telangana?
(A) Golconda Fort
(B) Charminar
(C) Qutb Shahi Tombs
(D) Hussain Sagar Lake