Latest update: March, 2019
Last Updated: March, 2019
Telangana State Report | June, 2019
Telangana, the 29th state of India, was formed in June 2014, with Hyderabad as its capital. The state was formed as a result of the split of erstwhile Andhra Pradesh state. The state is land locked by (new) Andhra Pradesh to the south and east, Maharashtra and Karnataka to the west, and Odisha and Chhattisgarh to the north.
Telangana's Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 13.40 per cent (in Rupee terms) to Rs 8.67 trillion (US$ 126.81 billion) between 2011-12 and 2018-19. At a CAGR of 16.00 per cent (in Rupee terms), tertiary sector has been the fastest growing sector from 2011-12 to 2018-19. During 2017-18, tertiary sector accounted for 63.68 per cent share in the overall GSDP. As of May 2019, the total installed power capacity of Telangana state was 15.83 GW.
The capital city of Hyderabad (also the capital for earlier larger Andhra Pradesh state) is a hub for information technology (IT) and pharmaceutical sectors. During 2017-18, export of IT and ITeS products of Telangana was Rs 93,422 crore (US$ 14.50 billion). Leading IT companies like Facebook, Google, IBM and Microsoft hold significant presence in Hyderabad.
Hyderabad also accounts for approximately 20 per cent of India's total pharma exports. The state government plans to set up a pharma city and promote public private partnership to develop the state's pharma sector.
The central government recently announced formation of an Information Technology Investment Region (ITIR) near Hyderabad. With the establishment of the ITIR, the government plans to generate 1.5 million direct and 5.3 million indirect jobs in the IT sector in the next five years.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in Telangana from April 2000 to March 2019 totalled US$ 18.469 billion.
Last Updated: June 27, 2019