Economy of Telangana
| Statistics | |
|---|---|
| GDP | ₹4.7 lakh crore (US$70 billion) (2015-16) |
| GDP rank | 11th |
GDP growth |
 9.2%[1] |
GDP per capita | ₹1.43 lakh (US$2,100) (2015-16)[2] |
GDP by sector |
Primary (17%) Secondary (22.5%) Tertiary (60.5%) (2015-16)[3] |
 4.3% (2015-16)[3] | |
Labour force by occupation |
Agriculture (55.6%) Industry (17.8%) Services (26.6%) (2015-16)[3] |
| Unemployment |
1.1% Rural 6.6% Urban 2.7% State (2015-16)[3] |
| Public finances | |
| 18.46% of GSDP (2016-17 est.)[4] | |
| 3.5% of GSDP (2016-17 est.)[4] | |
| Revenues | ₹1.05 lakh crore (US$16 billion) (2016-17 est.)[4] |
| Expenses | ₹1.3 lakh crore (US$19 billion) (2016-17 est.)[4] |
|
All values, unless otherwise stated, are in US dollars. | |
The Economy of Telangana is mainly supported by agriculture. 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. Rice is the major food crop. Other important local crops are cotton, sugar cane, mango and tobacco. Recently, crops used for vegetable oil production, such as sunflower and peanuts, have gained favour. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects.
The state has also started to focus on the fields of information technology and biotechnology. Telangana is one of top IT exporting states of India. There are 68 Special Economic Zones in the state.[5]
Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.[6]
Agriculture
Rice is the major food crop and staple food of the state. Other important crops are tobacco, mango, cotton, and sugar cane. Agriculture has been the chief source of income for the state's economy. Important rivers of India, the Godavari, Krishna flow through the state, providing irrigation. Apart from major rivers, there are small rivers as Tunga Bhadra, Bima, Dindi, Kinnerasani, Manjeera, Manair, Penganga, Pranahitha, peddavagu and Taliperu. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam, the world's highest masonry dam.
Agri Export Zones for the following produce are proposed at the places mentioned against them:
- Gherkins – Mahaboobnagar, Rangareddy, Medak, Karimnagar, Warangal
- Mangoes and Grapes - Hyderabad, Rangareddy, Medak, Mahaboobnagar
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, 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.[7][8] Prior to secession, it contributed 15% to India's and 98% to Adhra Pradesh's exports in IT and ITES sectors last 2013[9] 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.
The state government is in the process of developing Industrial Parks at different places, for specific groups of industries. The existing parks are Software Park at Hyderabad, HITEC City for software units, Apparel Park at Gundlapochampalli, Export Promotion Park at Pashamylaram, Bio-technology park at Turkapally.
Telangana, specifically Jubilee Hills, Hyderabad, is the headquarters of an international non-profit, the Indian Heart Association.
Services
Tourism
Telangana State Tourism Development Corporation (TSTDC) is a state government agency which promotes tourism in Telangana.[10] Telangana has a variety of tourist attractions including historical places, monuments, forts, water falls, forests and temples.
References
- ↑ Sridhar, G Naga (14 March 2016). "Telangana GSDP grows at 9.2% in 2015-16; unemployment at 7.7%". The Hindu Business Line. Retrieved 19 November 2016.
- ↑ "AP stands 1st in India in GSDP growth rate". The Times of India. Retrieved 19 November 2016.
- 1 2 3 4 "Socio Economic Outlook 2016" (PDF). http://www.telanganalegislature.org.in. Planning Department, Government of Telangana. Retrieved 19 November 2016. External link in
|website=(help) - 1 2 3 4 "Telangana Budget Analysis 2016-17" (PDF). PRS Legislative Research. Retrieved 19 November 2016.
- ↑ "TG Special Economic Zones" (PDF). sezindia. Retrieved 3 June 2014.
- ↑ "The Singareni Collieries Company Limited". scclmines. Retrieved 3 June 2014.
- ↑ Roy, Ananya; Aihwa, Ong (2011). Worlding cities: Asian experiments and the art of being global. John Wiley & Sons. p. 253. ISBN 978-1-4051-9277-4.
- ↑ "An Amazon shot for city". The Times of India. 13 October 2011. Retrieved 13 October 2011.
- Chary, Manish Telikicherla (2009). India:nation on the move: an overview of India's people, culture, history, economy, IT industry, and more. iUniverse.com. pp. 247–248. ISBN 978-1-4401-1635-3.
- ↑ "Special governance for Hyderabad needed for growth". The Times of India. 25 June 2013. Retrieved 25 June 2013.
- ↑ "Huge challenges ahead for new Telangana tourism corporation". timesofindia.indiatimes.com. 2014-05-09. Retrieved 2014-06-04.