Gross State Domestic Product (GSDP)
The Gross State Domestic Product (GSDP) of Telangana for 2018-19 (at current prices) is approximately Rs 8,42,631. This is 15% higher than the revised estimate for 2017-18.
The Growth in GSDP of Telangana has been increasing from 6.8% in 2013-14 to 10.4% in 2017-18. (Budget 2018-19)
Share of Telangana in All-India:Trends
The share of the State GSDP in All-India GDP was 4.11% in the year 2011-12, which decreased to 4.02% in 2013-14. However, the state’s share has been on increasing trend since 2014-15 onwards from 4.06% to 4.37% in 2017-18. The share of the state in All India GDP has increased by about 35 points within a short span of about 3 years. It is noted that steep increase in state share is due to the fact that State’s growth rate has been higher than that of All-India growth rate.
Growth trends
As per advance estimates for the year 2017-18, the Gross Value Added from the Primary Sector is likely to grow at a pace of 9.2 percent at current prices, as against 5.3 percent anticipated growth of All India. This growth is expected to realize because of the prevailing seasonal conditions and initiatives of the government in Irrigation and power supply sectors.
The GVA (Gross Value Added) from Secondary Sector is expected to register a growth rate of 9.0 percent, as against the All-India growth rate of 7.6 percent. Similarly, the GVA from Tertiary Sector is anticipated to register an impressive growth of 15.3 percent at current prices, in comparison to the All India growth rate of 12.2 percent. The total GVA comprising all three broad sectors is likely to register an impressive growth of 13.1 percent, which is 3.5 percent higher than that of All India GVA growth. (Economic outlook 2018)
Total receipts
Total receipts (excluding borrowings) for 2018-19 are estimated to be Rs 1,41,282 crore, an increase of 22.8% as compared to the revised estimates of 2017-18. In 2017-18, total receipts (excluding borrowings) fell short of the budgeted estimate by Rs 4,935 crore. (Budget 2018-19)
Revenue surplus
Revenue surplus for the next financial year is targeted at Rs 5,520 crore, or 0.7% of the Gross State Domestic Product (GSDP). Fiscal Deficit is targeted at Rs 29,077 crore (3.5% of GSDP). (Budget 2018-19)
Total expenditure
Total expenditure for 2018-19 is estimated to be Rs 1,74,454 crore, a 22.4% increase over the revised estimates of 2017-18. In 2017-18, there was a decrease of Rs 7,140 crore (4.8%) in expenditure over the budget estimates.
Rhythu Bhima Pathakam
a farmer group insurance will be launched to provide life insurance cover of Rs five lakh. Rs 500 crore is allocated for this purpose.
Per capita income:Trends
The per capita income of Telangana in 2017-18 (at current prices) is Rs 1,75,534. This is more than the Average national per capita income of Rs 1,12,764 in 2017-18.
The Per Capita Income of Telangana is much higher than the All India over the years. There is a steep rise in the PCI of the State from Rs. 91,121 in the year 2011-12 to Rs. 1,75,534 in the year 2017-18, registering a growth rate of 93 percent over 2011-12. Whereas the PCI of All India was Rs. 63,462 in the year 2011-12, and increased to Rs. 1,12,764 in the year 2017-18, registering a growth of 78 percent over 2011-12. This implies that the PCI of the State grew much faster than the All-India PCI. (Economic outlook 2018)
Capital expenditure for 2018-19 is proposed to be Rs 48,99 crore, which is an increase of 36.5% over the revised estimates of 2017-18. This includes expenditure which affects the assets and liabilities of the state, and leads to creation of assets (such as bridges and hospitals), and repayment of loans, among others. (Budget 2018-19)
Revenue expenditure for 2018-19 is proposed to be Rs 1,25,455 crore, which is an increase of 17.7% over revised estimates of 2017-18. This expenditure includes payment of salaries, maintenance, etc.
It is the excess of revenue expenditure over Revenue Receipts. A revenue deficit implies that the government needs to borrow in order to finance its expenses which do not create capital assets.
The budget estimates a revenue surplus of Rs 5,520 crore (or 0.7% of GSDP) in 2018-19. This implies that revenue receipts are expected to be higher than the revenue expenditure, resulting in a surplus. The estimate indicates that the state is expected to meet the target of eliminating revenue deficit, as prescribed by the 14th Finance Commission.
Fiscal deficit
It is the excess of total expenditure over total receipts. This gap is filled by borrowings by the government and leads to an increase in total liabilities. In 2018-19, fiscal deficit is estimated to be Rs 29,077 crore, which is 3.45% of the GSDP.
The estimate exceeds the 3% limit prescribed by the 14th Finance Commission. The Finance Commission had recommended that this limit may be relaxed to a maximum of 3.5% if states are able to contain their debt and interest payments to certain specified levels.
Area under food and non-Food Crops
Of the 43.8 lakh hectares area cultivated in Kharif season in 2016-17, about 59% was under food crops and about 41% was under non-food crops. However, the share of food-crops was 87.4 per cent during the Rabi season with a cultivated area of 13.87 lakh hectares. The total area cultivated during Rabi season was 15.87 lakh hectares. (Economic outlook 2018)
agriculture Production trends
The production of food-grains including Cereals & Millets and pulses, has been estimated at about 95.01 lakh tonnes in the current agricultural year (2017-18), as against 101.29 lakh tonnes last year. The Oil seeds production was estimated to be 5.77 lakh tonnes, as against 7.22 lakh tonnes in the previous year.
Area under Cotton was estimated to be 19.03 lakh hectares in 2017-18, as against 14.09 lakh hectares in the year 2016-17, showing an increase of 35.06% over the previous year .The production of cotton has been estimated to be 43.32 lakh bales, which is higher by 8.88 lakh bales over the previous year production of 34.44 lakh bales, indicating an increase of 25.78%.
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Telangana is a state in India that was formed in 2014. It is the 29th state of India and is located in the southern part of the country. The state has a Population of over 35 million people and is the 12th most populous state in India. The capital of Telangana is Hyderabad.
The economy of Telangana is the 12th largest economy in India. The state has a GDP of over $100 billion and is growing at a rate of over 10% per year. The main sectors of the economy are agriculture, Industry, and Services.
Agriculture is the largest sector of the economy, accounting for over 30% of the GDP. The main crops grown in Telangana are rice, cotton, and tobacco. The state is also a major producer of milk and meat.
Industry is the second largest sector of the economy, accounting for over 20% of the GDP. The main industries in Telangana are textiles, pharmaceuticals, and electronics. The state is also home to a number of automobile manufacturing Plants.
Services is the third largest sector of the economy, accounting for over 40% of the GDP. The main services in Telangana are tourism, Banking, and IT. The state is also home to a number of educational institutions and research centers.
The government of Telangana has been implementing a number of Economic Reforms in recent years. These reforms have helped to improve the state’s Infrastructure-2/”>INFRASTRUCTURE, attract Investment, and create jobs. The state has also been working to improve its Human Development index and social development index.
The economy of Telangana is expected to continue to grow in the coming years. The state has a number of advantages, including a young population, a skilled workforce, and a favorable investment Climate. The government of Telangana is committed to furthering the state’s Economic Development and improving the lives of its people.
Here are some of the challenges and opportunities that the Telangana economy faces:
Challenges:
- One of the biggest challenges facing the Telangana economy is the lack of infrastructure. The state needs to invest in roads, bridges, and other infrastructure in order to attract investment and create jobs.
- Another challenge facing the Telangana economy is the lack of skilled workers. The state needs to invest in Education and training in order to create a skilled workforce that can meet the needs of the economy.
- The Telangana economy is also facing the challenge of Climate Change. The state needs to invest in RENEWABLE ENERGY and other measures to mitigate the effects of climate change.
Opportunities:
- One of the biggest opportunities facing the Telangana economy is the demographic dividend. The state has a young population that can be a source of labor and innovation.
- Another opportunity facing the Telangana economy is the growth of the services sector. The state can attract investment in IT, tourism, and other services.
- The Telangana economy is also facing the opportunity of the globalized economy. The state can export its products and services to the world.
The future of the Telangana economy looks bright. The state has a number of advantages, including a young population, a skilled workforce, and a favorable investment climate. The government of Telangana is committed to furthering the state’s economic development and improving the lives of its people.
Q1. What is the GDP of Telangana?
A1. The GDP of Telangana is â¹1.23 lakh crore (US$17 billion) as of 2020.
Q2. What is the per capita income of Telangana?
A2. The per capita income of Telangana is â¹2.08 lakh (US$2800) as of 2020.
Q3. What is the agricultural sector’s contribution to the GDP of Telangana?
A3. The agricultural sector contributes 28% to the GDP of Telangana.
Q4. What is the Industrial Sector‘s contribution to the GDP of Telangana?
A4. The industrial sector contributes 32% to the GDP of Telangana.
Q5. What is the service sector’s contribution to the GDP of Telangana?
A5. The service sector contributes 40% to the GDP of Telangana.
Q6. What are the major industries in Telangana?
A6. The major industries in Telangana are textiles, pharmaceuticals, Food Processing, and engineering.
Q7. What are the major exports of Telangana?
A7. The major exports of Telangana are cotton, rice, tobacco, and iron Ore.
Q8. What are the major imports of Telangana?
A8. The major imports of Telangana are petroleum products, machinery, and chemicals.
Q9. What are the major challenges facing the economy of Telangana?
A9. The major challenges facing the economy of Telangana are infrastructure, power, and water.
Q10. What are the government’s initiatives to address the challenges facing the economy of Telangana?
A10. The government’s initiatives to address the challenges facing the economy of Telangana are the following:
- Infrastructure Development: The government is investing in infrastructure development, such as roads, bridges, and Airports.
- Power generation: The government is investing in power generation, such as solar and wind power.
- Water management: The government is investing in water management, such as irrigation projects and water conservation.
Q11. What are the prospects for the economy of Telangana in the future?
A11. The prospects for the economy of Telangana in the future are positive. The state has a young population, a growing economy, and a strong government. The state is also well-positioned to benefit from the growth of the Indian economy.
- The state of Telangana is located in the southern part of India. It is the 12th largest state in India by area and the 10th most populous state. The capital of Telangana is Hyderabad.
- The economy of Telangana is the 12th largest economy in India. The state has a GDP of $100 billion and a per capita GDP of $2,500. The main sectors of the economy are agriculture, manufacturing, and services.
- Agriculture is the largest sector of the economy, accounting for 25% of the GDP. The main crops grown in Telangana are rice, cotton, and tobacco.
- Manufacturing is the second largest sector of the economy, accounting for 20% of the GDP. The main industries in Telangana are textiles, pharmaceuticals, and electronics.
- Services is the third largest sector of the economy, accounting for 55% of the GDP. The main services in Telangana are tourism, banking, and IT.
- The state of Telangana has a number of strengths, including a young population, a skilled workforce, and a favorable investment climate. The state also has a number of challenges, including POVERTY, infrastructure deficits, and Corruption.
- The government of Telangana is working to address the challenges facing the state. The government is investing in infrastructure, education, and healthcare. The government is also working to improve the business Environment and attract investment.
- The future of the economy of Telangana is bright. The state has a number of strengths that will help it to grow in the future. The state is also working to address the challenges facing it. With the right policies and investments, the economy of Telangana can grow and prosper.
Here are some MCQs on the economy of Telangana:
Which of the following is not a major sector of the economy of Telangana?
(A) Agriculture
(B) Manufacturing
(C) Services
(D) TourismThe main crops grown in Telangana are:
(A) Rice, cotton, and tobacco
(B) Wheat, barley, and maize
(C) Sugarcane, rice, and pulses
(D) Tea, coffee, and rubberThe main industries in Telangana are:
(A) Textiles, pharmaceuticals, and electronics
(B) Automobiles, steel, and chemicals
(C) Software, IT services, and BPO
(D) Tourism, banking, and insuranceThe main services in Telangana are:
(A) Tourism, banking, and insurance
(B) Education, healthcare, and social welfare
(C) Transport, Communication, and power
(D) Agriculture, manufacturing, and servicesThe state of Telangana has a number of strengths, including:
(A) A young population, a skilled workforce, and a favorable investment climate
(B) A large land area, a rich natural resource base, and a strong cultural heritage
(C) A well-developed infrastructure, a Sound financial system, and a stable political system
(D) A low level of poverty, a high level of education, and a good healthcare systemThe state of Telangana has a number of challenges, including:
(A) Poverty, infrastructure deficits, and corruption
(B) Unemployment, crime, and Environmental Degradation
(C) Regional disparities, social unrest, and political instability
(D) All of the aboveThe government of Telangana is working to address the challenges facing the state by:
(A) Investing in infrastructure, education, and healthcare
(B) Improving the business environment and attracting investment
(C) Promoting Good Governance and fighting corruption
(D) All of the aboveThe future of the economy of Telangana is bright because:
(A) The state has a number of strengths that will help it to grow in the future
(B) The government is working to address the challenges facing the state
(C) The state is located in a strategic location and has a favorable investment climate
(D) All of the above