Telangana Socio Economic Outlook 2023 PDF Summary
Dear readers, here we are offering Telangana Socio-Economic Outlook 2023 PDF in English to all of you. Further, the Per Capita Income (PCI) in Telangana at current prices is estimated at Rs.3.17 lakh in 2022-23, which is Rs. The national per capita income is more than Rs 1.46 lakh from Rs 1.71 lakh. Interestingly, the PCI of every district in Telangana was higher than the country’s PCI of Rs 1,26,855 in 2020-21. The Gross State Domestic Product (GSDP) at current prices in 2022-23 was pegged at Rs 13.27 lakh crore in 2022-23, registering a growth of 15.6 percent over the previous year of 2021-22, indicating strong economic growth for Telangana. Between 2018-21, the share of development expenditure in the total budget for Telangana was 78.1 percent, the highest among Indian states whose average development expenditure during this period was 68.4 percent.
Telangana Socio-Economic Outlook 2023 PDF in English
Indicating a robust economic growth of Telangana, the Gross State Domestic Product (GSDP) at current prices was Rs.13.27 lakh crore in 2022-23, recording 15.6 percent increase from the previous year of 2021-22.
Between 2018-21, the share of Development Expenditure in total budget for Telangana was 78.1 percent which is highest among the Indian States whose average Development Expenditure was 68.4 percent during the period.
Further, the Per Capita Income (PCI) at current prices in Telangana is Rs.3.17 lakh in 2022-23, which is Rs. 1.46 lakh higher than the national per capita income of Rs.1.71 lakh. Interestingly, the PCI of every district in Telangana was higher than the country’s PCI of Rs 1,26,855 in 2020-21.
Based on the Compound Annual Growth Rate (CAGR) of PCI at current prices for Telangana and India for 2014-15 to 2022-23, the average citizen in Telangana can expect their income to double in roughly 5 to 6 years, whereas the average citizen in the country as a whole would have to wait for about 8 to 9 years for their income to double.
As per the Socio Economic Outlook for 2022-23 released on Monday, the Services sector accounted for 62.8 percent of Telangana’s Gross State Value Added (GSVA) at current prices, followed by the Industries sector with 19 percent and the ‘Agriculture and Allied’ sector with 18.2 percent in 2022-23.
Telangana has made significant progress in the agriculture sector by adopting innovative methods, increasing the use of technology, and providing financial support to farmers.
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