On the 23rd of August, the Telangana Finance Minister Mr. T. Harish Rao conducted a press meet and highlighted the economic growth under the leadership of Mr. K. Chandrashekar Rao.
Mr. Harish Rao said, Telangana stood first in the State-owned Tax Revenues (SOTR) in the country with 11.52 per cent growth, followed by Odisha, Jharkhand and UP between 2015- 2021. The State also achieved the highest annual average growth in GSDP in the South.
The Finance Minister T. Harish claimed while releasing a report on the State finances here on Monday, the 23rd of August. During the conference, he said even in adverse conditions after the State was hit by COVID-19, Telangana performed better in many sectors.
While India experienced a negative rate of growth of GDP (-3 per cent) in 2020-21 due to the pandemic, the State achieved positive growth.
Mr. Harish Rao said, “Telangana is top in the country in the SOTR with an increase of 90 per cent in the last six years. The State has achieved Rs 66,648 crore in 2020-21. Odisha is second with a growth rate of 9.74 per cent. The State had also recorded 120 per cent jump in IT exports over the last six years,” Rao explained. The Minister said the State also recorded a significant increase in terms of per capita income of Rs 237,632, which is 1.84 times that of the country. The State has third highest per capita income in the country. In 2014 Telangana was given 10th rank in terms of per capita income.
The press meet of the Telangana Finance Minister was organised in the wake of the upcoming Huzurabad Assembly by election.
