Economy of Telangana - Revision history

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	{{short description\|Overview of the economy in the Indian state of Telangana}}		{{short description\|Overview of the economy in the Indian state of Telangana}}
	{{Infobox economy		{{Infobox economy
	\| country = [[Telangana]]		\| country = [[Telangana]]
	\| image =		\| image =
	\| gdp = {{INRConvert\|11.05\|lc}} (nominal; 2020-21 est.)<ref name="Budget Analysis"/>		\| gdp = {{INRConvert\|12.05\|lc}} (nominal; 2020-21 est.)<ref name="Budget Analysis"/>
	\| gdp rank = [[List of Indian states and union territories by GDP\|7th]]		\| gdp rank = [[List of Indian states and union territories by GDP\|7th]]
	\| image_size =		\| image_size =
	\| caption =		\| caption =
	\| currency =		\| currency =
	\| year =		\| year =
	\| growth = 10.5% (2018-19)<ref name="Budget Analysis"/>		\| growth = 10.5% (2018-19)<ref name="Budget Analysis"/>
	\| per capita = {{INRConvert\|204105}} (2018-19)<ref name="Budget Analysis"/>		\| per capita = {{INRConvert\|204105}} (2018-19)<ref name="Budget Analysis"/>
	\| per capita rank =[[List of Indian states and union territories by GDP per capita\|6th]]		\| per capita rank = [[List of Indian states and union territories by GDP per capita\|6th]]
	\| sectors = Agriculture (16%) <br /> Industry (20%) <br /> Services (65%) (2018-19)		\| sectors = Agriculture (16%) <br /> Industry (20%) <br /> Services (65%) (2018-19)
	\| components =		\| components =
	\| inflation = {{decreasepositive}} 7.46% (2019-20)<ref name="SocioEconomicOutlook">{{cite web\|title=Socio Economic Outlook 2020\|url=https://legislation.telanganalegislature.org.in//Portlets/SocioEconomicOutlook/Socio%20Economic%20Outlook%202019.pdf/aed9e53a-2977-45a2-b658-2145d4c3e583\|website=telanganalegislature.org.in\|publisher=Planning Department, Government of Telangana\|access-date=19 November 2016}}</ref>		\| inflation = {{decreasepositive}} 7.46% (2019-20)<ref name="SocioEconomicOutlook">{{cite web\|title=Socio Economic Outlook 2020\|url=https://legislation.telanganalegislature.org.in//Portlets/SocioEconomicOutlook/Socio%20Economic%20Outlook%202019.pdf/aed9e53a-2977-45a2-b658-2145d4c3e583\|website=telanganalegislature.org.in\|publisher=Planning Department, Government of Telangana\|access-date=19 November 2016}}</ref>
	\| poverty =		\| poverty =
	\| gini =		\| gini =
	\| hdi =		\| hdi =
	\| labor =		\| labor =
	\| occupations = Agriculture (55.6%) <br /> Industry (17.8%) <br /> Services (26.6%) (2015-16)<ref name="SocioEconomicOutlook"/>		\| occupations = Agriculture (55.6%) <br /> Industry (17.8%) <br /> Services (26.6%) (2015-16)<ref name="SocioEconomicOutlook"/>
	\| unemployment = {{decreasePositive}} 7.4% (June 2021)<ref>{{cite web\|title=Unemployment Rate in India \|url=https://unemploymentinindia.cmie.com/ \|publisher=Centre for Monitoring Indian Economy \|page=1 \|access-date=23 June 2021}}</ref>		\| unemployment = {{decreasePositive}} 7.4% (June 2021)<ref>{{cite web\|title=Unemployment Rate in India \|url=https://unemploymentinindia.cmie.com/ \|publisher=Centre for Monitoring Indian Economy \|page=1 \|access-date=23 June 2021}}</ref>
	\| average gross salary =		\| average gross salary =
	\| gross median =		\| gross median =
	\| average net salary =		\| average net salary =
	\| net median =		\| net median =
	\| industries =		\| industries =
	\| exports =		\| exports =
	\| export-goods =		\| export-goods =
	\| export-partners =		\| export-partners =
	\| imports =		\| imports =
	\| import-goods =		\| import-goods =
	\| import-partners =		\| import-partners =
	\| FDI =		\| FDI =
	\| current account =		\| current account =
	\| gross external debt =		\| gross external debt =
	\| NIIP =		\| NIIP =
	\| debt = 20.7% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>		\| debt = 20.7% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>
	\| balance = {{INRConvert\|-33191\|c\|nolink=yes}} 3.0% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>		\| balance = {{INRConvert\|-33191\|c\|nolink=yes}} 3.0% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>
	\| revenue = {{INRConvert\|1.43\|lc\|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis"/>		\| revenue = {{INRConvert\|1.43\|lc\|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis"/>
	\| expenses = {{INRConvert\|1.83\|lc\|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis">{{cite web\|title=Telangana Budget Analysis 2020-21\|url=https://www.prsindia.org/parliamenttrack/budgets/telangana-budget-analysis-2020-21\|website=PRS Legislative Research\|access-date=19 March 2020}}</ref>		\| expenses = {{INRConvert\|1.83\|lc\|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis">{{cite web\|title=Telangana Budget Analysis 2020-21\|url=https://www.prsindia.org/parliamenttrack/budgets/telangana-budget-analysis-2020-21\|website=PRS Legislative Research\|access-date=19 March 2020}}</ref>
	\| aid =		\| aid =
	\| credit =		\| credit =
	\| spelling = Oxford		\| spelling = Oxford
	}}		}}
	[[File:Coal Handling Ropeway near Pamulapalli.jpg\|thumb\|Coal Handling Ropeway at		[[File:Coal Handling Ropeway near Pamulapalli.jpg\|thumb\|Coal Handling Ropeway at
	[[Aswapuram]], Khammam district]]		[[Aswapuram]], Khammam district]]

	'''[[Telangana]]''' is one of the fastest growing states in India posing [[Economic growth\|average annual growth rate]] of 13.90% over the last five years.<ref>{{cite news\|title=State economy growing faster than nation’s\|url=https://www.thehindu.com/news/national/telangana/state-economy-growing-faster-than-nations/article29377062.ece\|newspaper=The Hindu\|author=N. Rahul}}</ref> Telangana's [[Nominal GDP\|nominal gross state domestic product]] for the year 2020-21 stands at ~~₹11~~.05 lakh crore (US$~~150~~ billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by [[Software industry in Telangana\|IT services]] with the State holding leading position in IT & ITeS in the country in terms of production and exports.<ref>{{cite news\|title=Telangana leads the country in services sector growth\|url=https://www.newindianexpress.com/states/telangana/2020/feb/01/telangana-leads-the-country-in-services-sector-growth-2097329.html\|work= The New Indian Express}}</ref>		'''[[Telangana]]''' is one of the fastest growing states in India posing [[Economic growth\|average annual growth rate]] of 13.90% over the last five years.<ref>{{cite news\|title=State economy growing faster than nation’s\|url=https://www.thehindu.com/news/national/telangana/state-economy-growing-faster-than-nations/article29377062.ece\|newspaper=The Hindu\|author=N. Rahul}}</ref> Telangana's [[Nominal GDP\|nominal gross state domestic product]] for the year 2020-21 stands at ₹12.05 lakh crore (US$170 billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by [[Software industry in Telangana\|IT services]] with the State holding leading position in IT & ITeS in the country in terms of production and exports.<ref>{{cite news\|title=Telangana leads the country in services sector growth\|url=https://www.newindianexpress.com/states/telangana/2020/feb/01/telangana-leads-the-country-in-services-sector-growth-2097329.html\|work= The New Indian Express}}</ref>

	Agriculture also form a backbone of Telangana's Economy. Two important rivers of India, the [[Godavari River\|Godavari]] and [[Krishna River\|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 fats and oils\|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]].		Agriculture also form a backbone of Telangana's Economy. Two important rivers of India, the [[Godavari River\|Godavari]] and [[Krishna River\|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 fats and oils\|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]].

2401:4900:4E04:4A4D:82C2:667E:D4E7:A491: Fixed typos

2021-06-23T11:31:45Z

Fixed typos

New page

{{Use dmy dates|date=February 2020}}
{{Use Indian English|date=February 2020}}
{{short description|Overview of the economy in the Indian state of Telangana}}
{{Infobox economy
| country = [[Telangana]]
| image =
| gdp = {{INRConvert|11.05|lc}} (nominal; 2020-21 est.)<ref name="Budget Analysis"/>
| gdp rank = [[List of Indian states and union territories by GDP|7th]]
| image_size =
| caption =
| currency =
| year =
| growth = 10.5% (2018-19)<ref name="Budget Analysis"/>
| per capita = {{INRConvert|204105}} (2018-19)<ref name="Budget Analysis"/>
| per capita rank =[[List of Indian states and union territories by GDP per capita|6th]]
| sectors = Agriculture (16%) <br /> Industry (20%) <br /> Services (65%) (2018-19)
| components =
| inflation = {{decreasepositive}} 7.46% (2019-20)<ref name="SocioEconomicOutlook">{{cite web|title=Socio Economic Outlook 2020|url=https://legislation.telanganalegislature.org.in//Portlets/SocioEconomicOutlook/Socio%20Economic%20Outlook%202019.pdf/aed9e53a-2977-45a2-b658-2145d4c3e583|website=telanganalegislature.org.in|publisher=Planning Department, Government of Telangana|access-date=19 November 2016}}</ref>
| poverty =
| gini =
| hdi =
| labor =
| occupations = Agriculture (55.6%) <br /> Industry (17.8%) <br /> Services (26.6%) (2015-16)<ref name="SocioEconomicOutlook"/>
| unemployment = {{decreasePositive}} 7.4% (June 2021)<ref>{{cite web|title=Unemployment Rate in India |url=https://unemploymentinindia.cmie.com/ |publisher=Centre for Monitoring Indian Economy |page=1 |access-date=23 June 2021}}</ref>
| average gross salary =
| gross median =
| average net salary =
| net median =
| industries =
| exports =
| export-goods =
| export-partners =
| imports =
| import-goods =
| import-partners =
| FDI =
| current account =
| gross external debt =
| NIIP =
| debt = 20.7% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>
| balance = {{INRConvert|-33191|c|nolink=yes}} 3.0% of gross state domestic product (2020-21 est.)<ref name="Budget Analysis"/>
| revenue = {{INRConvert|1.43|lc|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis"/>
| expenses = {{INRConvert|1.83|lc|nolink=yes}} (2020-21 est.)<ref name="Budget Analysis">{{cite web|title=Telangana Budget Analysis 2020-21|url=https://www.prsindia.org/parliamenttrack/budgets/telangana-budget-analysis-2020-21|website=PRS Legislative Research|access-date=19 March 2020}}</ref>
| aid =
| credit =
| spelling = Oxford
}}
[[File:Coal Handling Ropeway near Pamulapalli.jpg|thumb|Coal Handling Ropeway at
[[Aswapuram]], Khammam district]]

'''[[Telangana]]''' is one of the fastest growing states in India posing [[Economic growth|average annual growth rate]] of 13.90% over the last five years.<ref>{{cite news|title=State economy growing faster than nation’s|url=https://www.thehindu.com/news/national/telangana/state-economy-growing-faster-than-nations/article29377062.ece|newspaper=The Hindu|author=N. Rahul}}</ref> Telangana's [[Nominal GDP|nominal gross state domestic product]] for the year 2020-21 stands at ₹11.05 lakh crore (US$150 billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by [[Software industry in Telangana|IT services]] with the State holding leading position in IT & ITeS in the country in terms of production and exports.<ref>{{cite news|title=Telangana leads the country in services sector growth|url=https://www.newindianexpress.com/states/telangana/2020/feb/01/telangana-leads-the-country-in-services-sector-growth-2097329.html|work= The New Indian Express}}</ref>

Agriculture also form a backbone of Telangana's Economy. Two important rivers of India, the [[Godavari River|Godavari]] and [[Krishna River|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 fats and oils|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]]. There are 68 [[Special Economic Zones]] in the state.<ref name="sez">{{cite web |title=TG Special Economic Zones |url=http://sezindia.nic.in/HTMLS/578FormalapprovalsgrantedunderSEZAct19thJune,09.pdf |publisher=sezindia |access-date=3 June 2014 |url-status=dead |archive-url=https://web.archive.org/web/20091007035200/http://www.sezindia.nic.in/HTMLS/578FormalapprovalsgrantedunderSEZAct19thJune,09.pdf |archive-date=7 October 2009 }}</ref>

Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.<ref>{{cite web|title=The Singareni Collieries Company Limited|url=http://scclmines.com/scclnew/index.asp|publisher=scclmines|access-date=3 June 2014}}</ref>

== Agriculture and Livestock ==
[[File:Warangal IMG 4286.JPG|thumb|[[Paddy field]]s in [[Warangal district]]]]
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 River|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.

Given below is a table of 2015 national output share of select agricultural crops and allied segments in Telangana based on 2011 prices<ref>[http://www.mospi.gov.in/sites/default/files/publication_reports/Final1Brochure_30july2018.pdf 2015 agricultural output of Telangana based on 2011 prices]</ref>
{| class="wikitable"
|-
! Segment || National Share %
|-
| Ajwain || 30.5
|-
| Cow pea || 27.8
|-
| Chilli || 16.0
|-
| Turmeric || 13.7
|-
| Egg || 12.4
|-
| Kapas(Cotton) || 11.2
|-
| Fibre || 10.5
|-
| Lemon || 10.0
|-
| Bitter gourd || 9.5
|-
| Meat || 9.4
|-
| Tomato || 8.9
|-
| Orange || 8.7
|-
| Wool & hair || 7.6
|-
| Maize || 7.4
|-
| Mango || 6.5
|-
| Cucumber || 5.4
|-
| Bean || 5.3
|}

[[Agri Export Zone]]s for the following produce are proposed at the places mentioned against them:
* [[Gherkin]]s – [[Mahaboobnagar]], [[Rangareddy]], [[Medak]], [[Karimnagar]], [[Warangal]]
* [[Mangoes]] and [[Grapes]] - Hyderabad, Rangareddy, Medak, Mahaboobnagar

Telangana is developing into a [[seed|seed hub]] in India, and was selects as a certifying agency as per [[OECD|OECD standards]], for 10 states. The state cultivated seeds in 2,251 acres and exported 17,000 quintals to countries like Sudan, Egypt, Philippines and in 2017-18, it expanded cultivation to 2,567 acre and was expecting yield of 26,000 quintals.{{citation needed|date=February 2020}}

== Industries ==
[[File:MindSpace campus in Hyderabad, India.jpg|thumb|The [[Hyderabad Information Technology and Engineering Consultancy City]] or HITEC City is a major IT hub of Telangana]]{{See also|Software industry in Telangana }}
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.{{citation needed|date=November 2014}}

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.<ref name="roy aih">{{cite book|title=Worlding cities: Asian experiments and the art of being global|url=https://archive.org/details/worldingcitiesas00roya|url-access=limited|publisher=[[John Wiley & Sons]]|page=[https://archive.org/details/worldingcitiesas00roya/page/n266 253]|year=2011|isbn=978-1-4051-9277-4|last1=Roy|first1=Ananya|last2=Aihwa|first2=Ong}}</ref><ref name="toi chary">{{cite news|title=An Amazon shot for city|url=http://timesofindia.indiatimes.com/city/hyderabad/An-Amazon-shot-for-city/articleshow/10335301.cms?referral=PM|newspaper=The Times of India|date=13 October 2011|access-date=13 October 2011}}</ref> Prior to secession, it contributed 15% to India's and 98% to Andhra Pradesh's exports in IT and ITES sectors last 2013,<ref name="toi-it">{{cite news|title=Special governance for Hyderabad needed for growth|url=http://timesofindia.indiatimes.com/city/hyderabad/Special-governance-for-Hyderabad-needed-for-growth/articleshow/20753414.cms?referral=PM|newspaper=The Times of India|date=25 June 2013|access-date=25 June 2013}}</ref> 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]].{{citation needed|date=November 2014}}

==Services==
=== Tourism ===
[[File:Golconda_Fort_005.jpg|thumb| The [[Golconda | Golconda Fort, Hyderabad]] ]]
[[Telangana State Tourism Development Corporation]] (TSTDC) is a state government agency which promotes tourism in Telangana.<ref>{{cite web|url=http://timesofindia.indiatimes.com/city/hyderabad/Huge-challenges-ahead-for-new-Telangana-tourism-corporation/articleshow/34847749.cms |title=Huge challenges ahead for new Telangana tourism corporation |publisher=timesofindia.indiatimes.com |date=2014-05-09 |access-date=2014-06-04}}</ref> Telangana has a variety of tourist attractions including historical places, monuments, forts, water falls, forests and temples.

== References ==
{{Reflist}}

{{Telangana}}
{{Economy of India topics}}

[[Category:Economy of Telangana| ]]