Government of Telangana

Telangana
Socio Economic
Outlook 2024

Planning Department
 PREFACE
The Government of Telangana brings out a ‘Socio Economic Outlook’ report every year
and places it in the State Legislature during the budget session. It showcases how our
State is progressing across different sectors of the economy, covering economic growth,
social development, essential services, and key economic indicators. It also provides a
comprehensive statistical view of where we stand and where we are headed regarding
development and welfare for all.

Telangana’s economic status is scaling upwards, driven by diverse sectors, including

agriculture, manufacturing, information technology, and pharmaceuticals. The State’s
strategic location, skilled workforce, and supportive policies have invited significant
investments, fostering economic growth and employment opportunities. Telangana’s
GDP growth exceeds the national average, showing its strength and potential as an
important contributor to India’s economy. As infrastructure development and industrial
expansion continue, Telangana is poised to sustain its path of economic prosperity and
regional leadership.

In today’s world, data is precious because it helps us learn and make better choices.
It’s not just numbers; data gives us insights that shape how governments make
decisions for our communities. SEO 2024 has been prepared based on the data from
various Departments of the Government of Telangana, Government of India, Official
Publications and Government Websites. In an effort to provide the latest and most
complete picture of the State, some of the data/estimates included in the publication
are provisional. Through the Socio-Economic Outlook 2024, we want to ensure that all
the data points of the State are visualised and understood by the readers.

We extend our heartfelt gratitude to all the departments for collaborating to provide
the necessary data to compile this document. We sincerely thank the dedicated officers
and staff of the Planning Department, Directorate of Economics and Statistics (DES),
Telangana Development Planning Society (TGDPS), Kakatiya Governance Fellows, and
the Print House, whose hard work and dedication have been instrumental in ensuring
the timely completion of this publication.

Planning Department
Government of Telangana
 Table of Contents
Overview 1

I Section 1: Economy 13

1.1. Macroeconomic Trends 15

1.2. Public Finance 31
II Section 2: Agriculture & Allied Sectors 57

2.1. Agriculture 60
2.2. Horticulture 76
2.3. Animal Husbandry and Fisheries 78
2.4. Forest & Environment 82
III Section 3: Social Infrastructure & Development 89

3.1. Welfare 91
3.2. Education & Skill Development 107
3.3. Health & Wellbeing 119
3.4. Women and Child Welfare 141
3.5. Panchayat Raj and Rural Development 149
3.6. Urban Development 163
IV Section 4: Economic Infrastructure 171

4.1 Energy 174

4.2 Irrigation 180
4.3 Transportation 184
4.4 Digital Infrastructure 189
V Section 5: Industries & Services 191

5.1 Industries 194

5.2 Services 207
VI Section 6: Governance 225

Annexures 251
 Overview
Overview

Socio Economic Outlook 2024 1

 Adilabad

Kumuram Bheem

Nirmal
Mancherial

Jagtial
Nizamabad
Peddapalli
Jayashankar
Rajanna
Kamareddy Sircilla Karimnagar
Mulugu

Siddipet Hanumakonda
Medak
Warangal
Bhadradri Ko-
Sangareddy Jangaon thagudem

Medchal-Malkajigiri Mahabubabad
Yadadri
Hyderabad Bhuvanagiri
Vikarabad Khammam
Rangareddy
Suryapet

Mahabubnagar Nalgonda

Narayanpet

Wanaparthy Nagarkurnool

Jogulamba
Gadwal

2 Telangana
Introduction while advancing towards development.
Despite economic hurdles, the state’s
Telangana, a vibrant landlocked state

Overview
strategic sectors continue to contribute
in southern India, became the country’s
to its economic dynamism. This
29th state on June 2, 2014. It shares
resilience is bolstered by proactive
its borders with Maharashtra to the
government policies that attract
north and west, Chhattisgarh to the
investments, stimulate employment,
northeast, Karnataka to the west, and
and foster innovation. As Telangana
Andhra Pradesh to the south and east.
continues to diversify its economic
Hyderabad is the state capital.
base and strengthen infrastructure, its
Telangana’s landscape is diverse, ranging ability to sustain growth and navigate
from the fertile plains of the eastern global economic fluctuations remains
Deccan Plateau to the rolling hills and a testament to its enduring economic
forests of the Western Ghats in the north. prowess and future potential.
The region lies between 15°50’10’’N and
Macroeconomic Trends
19°55’4’’ N latitudes and 77°14’ 8’’ E and
81°19’16’’ E longitudes. The Service sector has been contributing
to Telangana’s Gross State Value Added
Telangana is ranked 12th in the country
(GSVA), followed by Industrial, and
in terms of population, with 350.04 Lakh
Agriculture & Allied sectors. According to
residents as per the 2011 Census and
the Advance Estimates for 2023-24, the
ranked 11th in area (1,12,077 sq. km).
Service sector accounted for 65.7% of
The population is distributed across the
Telangana’s GSVA at current prices, with
state’s 33 districts, each with unique
the Industrial sector, including mining
socio-economic characteristics. The
and quarrying, contributing 18.5%,
Godavari and Krishna rivers have majorly
and the Agriculture and Allied sector
drained the region, with 79% and 69%
contributing 15.8%.
of the catchment areas, respectively. The
official languages of the state are Telugu Telangana has seen a rise in Per Capita
and Urdu. The state has 620 mandals Income from Rs. 1,24,104 in 2014-15
and 12,769 Gram Panchayats. to Rs. 3,47,299 in 2023-24. However,
during the same period, Telangana’s
Economy
total debt surged from Rs. 72,658 crore
Telangana’s economy exhibits growth to Rs. 6,71,757 crore, an increase of over
and resilience, navigating challenges

Socio Economic Outlook 2024 3

824.5%. As a result, per capita debt also living standards; Rs. 21,874 crore for
rose significantly, from Rs. 20,251 to SC Welfare to promote social equity;
Rs. 1,76,360. The sharp increase in debt Rs. 13,313 crore for ST Welfare to
compared to income growth indicates empower Scheduled Tribes; Rs. 8,000
heavy reliance on borrowing to cover crore for BC Welfare to support
expenses, which could jeopardise fiscal backward classes; and Rs. 2,262 crore
stability. The continuous rise in debt far for Minorities Welfare to foster inclusivity
outpacing income gains underscores the and address minority community needs.
need for strict fiscal reforms to balance
Agriculture and Allied Sectors
spending with revenue generation and
reduce dependence on borrowing to Despite rapid industrialization and
ensure long-term economic͙stability. urbanization, agriculture remains a
crucial sector. The state government
Public Finance
is dedicated to enhancing agricultural
The government has allocated significant productivity, promoting sustainable
funds across various sectors for the practices, improving irrigation facilities,
fiscal year ahead: Rs. 19,746 crore for and supporting farmers through various
Agriculture to support farmers and schemes and initiatives. This highlights
enhance productivity; Rs. 21,389 crore the enduring importance of agriculture
for Education to improve infrastructure in fostering balanced economic growth,
and ensure quality education access; social development, and environmental
Rs.11,500 crore for Medical and Health sustainability.
to expand healthcare services and
The Agriculture sector’s contribution to
facilities; Rs. 28,024 crore for Irrigation
Telangana’s Gross State Value Added
to bolster water management and
(GSVA) at current prices has seen a
support sustainable agriculture;
rise of 4%. In the fiscal year 2022-23
Rs. 16,825 crore for Transco and Discoms
(First Revised Estimates), the sector’s
to strengthen energy infrastructure;
contribution was Rs. 2,03,247 crore.
Rs. 40,080 crore for Panchayat Raj and
This figure has increased to Rs. 2,11,422
Rural Development to enhance rural
crore in the fiscal year 2023-24 (Advance
infrastructure and livelihoods; Rs. 11,692
Estimates).
crore for Municipal Administration
to improve urban governance and

4 Telangana
Agriculture crop production and enhance farmers’
income. It is aiming to cover 1 lakh acre
According to the Agriculture Census

Overview
in 2024-25 under the NMEO-OP scheme,
for 2021-22, the average size of
with a budget of Rs. 348.81 crore.
landholdings in the state has decreased
Farmers will receive support throughout
to 0.89 hectares from 1.00 hectare in
the process, including assistance
2015-16. This trend highlights ongoing
with garden upkeep, inter-cropping
fragmentation within agricultural
guidance, and agronomic support to
land holdings, reflecting potential
improve yields and income. The plan for
challenges in farm productivity and land
2024-25 to 2028-29 aims to expand to
management practices.
3.50 lakh acres, with a total project cost
The government is intensifying its of Rs. 1279.53 crore.
support for the agriculture sector
Animal Husbandry and
through initiatives like the Rythu Bharosa
Fisheries
program, which aims to prioritize genuine
farmers and realign existing schemes to Telangana is renowned for its abundant
better meet their needs. The introduction livestock. The state currently boasts
of a farm loan waiver program is set population of sheep 190.63 lakh, poultry
to relieve farmers of debt burdens, 799.99 lakh, buffalo 42.26 lakh, goat
fostering more confident investment 49.35 lakh, cattle 42.31 lakh and pig 1.78
in agricultural activities. Additionally, lakh. For the fiscal year 2022-23, the per
plans are underway to implement a capita availability of eggs was 392, and
comprehensive crop insurance scheme the per capita availability of meat was
to mitigate risks associated with crop 23.97 kilograms.
production, offering financial security
Forest and Environment
against unforeseen events such as
adverse weather, pests, and diseases. Vanamahotsavam is a flagship program
by the Telangana Government aimed
Horticulture at increasing the current tree cover in
The state government vigorously the state from 24% to 33% of the total
promotes Oil palm cultivation to diversify geographical area. The program focuses

Socio Economic Outlook 2024 5

on two main areas: initiatives within their economic, educational, and overall
notified forest areas and initiatives in human development, aiming to ensure
areas outside these notified areas. For their social security, dignity, and promote
the year 2024-25, the target is to plant equity among them. In the fiscal year
2,002 lakh seedlings, with allocations of 2023-24, the SC Special Development
1,009 lakh seedlings under the municipal Fund (SCSDF) was allotted Rs. 36,750.48
and urban development department, crore, which constitutes 23.03% of the
637 lakh seedlings under the rural total State Pragatipaddu outlay. Of
development department, and 134 lakh this, Rs. 14,648.94 crore was spent on
seedlings under the forestry department. development initiatives for Scheduled
Castes. Similarly, the ST Special
Social Infrastructure and
Development Fund (STSDF) received
Development
Rs.15,232.62 crore, accounting for 9.45%
As a progressive Welfare State, of the total State Pragatipaddu outlay,
Telangana is dedicated to enhancing its with Rs. 10,398.96 crore spent towards
social infrastructure to ensure sustainable the development of Scheduled Tribes.
living standards for all its citizens. The
The government is offering financial
government prioritises the well-being
support of Rs. 1,00,116 to unmarried
of Scheduled Castes (SCs), Scheduled
girls above 18 years at the time of their
Tribes (STs), Backward Classes (BCs),
marriage under the Kalyana Lakshmi/
and Minority Communities. There is a
Shadi Mubarak scheme. This initiative
strong emphasis on improving health
aims to ease financial burdens within
and education services and achieving
families belonging to SCs, STs, BCs,
balanced development between urban
EBCs, and Minorities across the state.
and rural areas.
The scheme has expanded to include
Welfare all inter-caste marriages, including love

The government introduced the marriages. In the fiscal year 2023-24, a

“Scheduled Castes and Scheduled total of Rs. 236.67 crore was disbursed

Tribes Special Development Fund to 23,636 SC, Rs. 177.38 crore to 17,715

Act, 2017 (Planning, Allocation and ST, Rs. 831.64 crore to 83,067 BC/EBC,

Utilisation of Financial Resources)” to and Rs. 419.13 crore to 41,858 minority

implement welfare schemes for SC/ST families.

communities. These schemes focus on

6 Telangana
Education and Skill hospitals, are empanelled under the
Development scheme.

Overview
The government plans to launch an Women and Child Development
initiative to establish one international
The Integrated Child Development
school in every mandal across the
Services (ICDS) Scheme, now known
state. This initiative aims to enhance
as the Anganwadi Services Project,
the quality of education and make it
operates in 149 projects across 33
more accessible to students, especially
districts. These include 99 projects in
those from middle-class families. These
rural areas, 25 in urban areas, and 25
international schools will offer advanced
in tribal regions. 35,700 Anganwadi
educational facilities and curricula to
Centers (AWCs) are strategically
ensure students receive a high-standard
distributed across these projects. Each
education. This project is part of the
centre is equipped to deliver essential
Government’s broader educational
services such as supplementary
reform agenda, which includes various
nutrition, preschool education, and
other initiatives to improve educational
nutrition and health education, thereby
infrastructure and opportunities
contributing to the overall development
throughout the state.
and empowerment of women and
The Government proposed establishing children in the state.
the first Skill University at the Engineering
Panchayati Raj and Rural
Staff College, Gachibowli, to provide
Development
advanced knowledge and upgrade the
skills of the youth. The ‘Cheyutha’ Pension Scheme has
been launched as a comprehensive
Health and Wellbeing safety net designed to protect various
Under Rajiv Arogyasri, free medical vulnerable segments of society. This
care coverage has been increased from scheme supports the elderly and infirm,
Rs. 5 lakh to Rs. 10 lakh for economically individuals with disabilities, widows,
backward sections in the State. It people living with HIV/AIDS, patients
includes 1,672 medical procedures and suffering from Filaria, incapacitated
32 speciality services. Currently, 1406 weavers, toddy tappers, impoverished
health facilities, including 364 private Beedi workers, single women, and those

Socio Economic Outlook 2024 7

undergoing dialysis. From December development. Industries ranging from
2023 to May 2024, a sum of Rs. 5774.15 information technology to textiles
crore has been disbursed to over 43 lakh and manufacturing provide diverse
beneficiaries across all categories of job opportunities and contribute
pensioners. substantially to the state’s Gross State
Domestic Product (GSDP). Furthermore,
Municipal Administration &
the service sector, including IT services,
Urban Development
healthcare, education, and hospitality,
Hyderabad is situated on the banks of the enhances the quality of life and attracts
Musi River, which flows into the artificial investments, fostering a dynamic
lakes Osman Sagar and Himayat Sagar. economic environment. Telangana’s
The government has announced plans to industrial and service sectors form the
develop a 55 km stretch along the Musi backbone of its economic prosperity
River, transforming it into a vibrant area and growth trajectory by fostering
featuring amusement parks, children’s innovation, infrastructure development,
water sports, waterfalls, street vending and skilled workforce enhancement.
zones, business areas, and shopping
In the fiscal year 2023-24, the service
malls. This initiative will also enhance the
sector emerged as the cornerstone of
tourism circuit by connecting heritage
Telangana’s economy, contributing
sites like Charminar and the Qutub Shahi
a substantial 65.7% to the state’s
Tombs.
Gross State Domestic Product (GSDP)
Additionally, the government aims to at current prices. This underscores
rejuvenate the polluted Musi River and the sector’s pivotal role in driving
facilitate riverfront development to tap Telangana’s economic growth and
it’s economical and cultural potential. vitality. In contrast, the service sector’s
The government has earmarked Rs 1,000 contribution to India’s overall GDP was
crore in the Vote-on-account budget for 54.9% at current prices, highlighting
2024-25 to support these efforts. Telangana’s significant outperformance

Economic Infrastructure compared to the national average. This

achievement underscores Telangana’s
Industrial and service sectors contribute
strength in information technology,
significantly to employment generation,
healthcare, education, and financial
income growth, and overall economic

8 Telangana
services, solidifying its position as a Industries and Services
key economic powerhouse within the
Industries play a crucial role in boosting

Overview
country.
a region’s economy and improving
Energy its overall prosperity. They create
jobs, encourage innovation, and drive
The energy sector’s Gross State
technological progress, which enhances
Domestic Product (GSDP) at current
productivity and competitiveness. In line
prices has incresed by Rs. 2,291 crore.
with this understanding, the Telangana
In the fiscal year 2022-23, the sector’s
government is focused on transforming
GSDP was Rs. 22,229 crore as per the
the state into an industrial hub
First Revised Estimates (FRE). This figure
comparable to other leading industrial
has now escalated to Rs. 24,520 crore in
states in India. Efforts are underway
the fiscal year 2023-24, according to the
to develop key sectors like MSMEs,
Advance Estimates (AE). This highlights
entrepreneurship, manufacturing, food
increased economic activity within the
processing, pharmaceuticals, and mining,
energy sector over the specified period.
with a keen emphasis on maximising the
Transportation state’s potential for exports.
To promote the green revolution and Industries
reduce air pollution, 25 e-metro AC
The Industrial Sector’s contribution to
buses began operating in September
the state economy has remained steady
2023 to serve long-distance passengers
at around 18% of the Gross State Value
in the Western corridor of Hyderabad
Added (GSVA), and as of 2023-24
city and other areas. On March 12, 2024,
(AE), it stands at 18.5%. The sector’s
the Hon’ble Chief Minister inaugurated
contribution to Telangana’s GSVA at
the operation of 25 e-Metro Express
current prices has increased by 10.1%,
buses in the twin cities of Hyderabad.
rising from Rs. 2,25,663 crore in 2022-
Furthermore, TGSRTC has an agreement
23 (FRE) to Rs. 2,48,505 crore in 2023-
to deploy 500 city e-buses and 550
24 (AE).
intercity e-buses under the Gross
Cost Contract (GCC) Model, with the In the fiscal year 2023-24, the industrial
deployment of 500 intercity e-buses sector showed varied growth across its
scheduled to be completed by October subsectors. Mining and Quarrying grew
2024. by 10.5%, while Manufacturing saw a

Socio Economic Outlook 2024 9

lower growth rate of 9.6%, indicating and Communication. The Gross State
potential challenges in production Domestic Product for the transport and
capacity or market demand. The services incidental to transport sub-
Electricity, Gas, Water Supply, and Other sector saw a 16.80% increase, from
Utility Services sub-sector grew by Rs. 73,651 crore in 2022-23 (FRE) to
10.3%, and Construction demonstrated Rs. 86,031 crore in 2023-24 (AE), with
strong growth at 10.9%. Railways, Road Transport, and Air
Transport comprising the majority.
Services
Governance
The Gross State Value Added (GSVA) at
current prices for the Trade, Repair, and Good governance embodies a democratic
Hospitality Sector increased by 20.81%, framework characterised by fair
rising from Rs. 2,11,711 crore in 2022- decision-making. It thrives on principles
23 (FRE) to Rs. 2,55,771 crore in 2023- of participation, adherence to the rule
24 (AE). While Trade and Repair services of law, transparency, accountability,
saw a 21.2% increase, from Rs. 2,00,171 responsiveness, equity and efficiency.
crore in 2022-23 (FRE) to Rs. 2,42,526 By fostering citizen engagement and
crore in 2023-24 (AE), the Hospitality ensuring a robust legal system open to
Sector (hotels and restaurants) grew by feedback, good governance empowers
14.8%, from Rs. 11,540 crore in 2022- individuals to influence decisions and
23 (FRE) to Rs. 13,246 crore in 2023-24 uphold societal integrity. It champions
(AE). equal opportunities and inclusivity,
combats discrimination, amplifies
The GSVA of Transportation, Storage,
marginalised voices and steadfastly
Broadcasting, and Communication
pursues sustainable, inclusive
increased by 15%, rising from Rs. 89,081
development for the collective well-
crore in 2022-23 (FRE) to Rs. 1,02,453
being of society.
crore in 2023-24 (AE). It includes
seven subsections viz., Railways, Praja Palana is a comprehensive
Road Transport, Water Transport, governance initiative by the state
Air Transport, Services Incidental to government focused on enhancing
Transport, Storage, Broadcasting responsiveness and transparency. It

10 Telangana
includes social safety net programs such Praja Vani in Telangana is a vital tool for
as pensions for the elderly, financial citizen empowerment and government

Overview
aid for women, scholarships, and accountability. It is a reliable public
welfare schemes like Rythu Bharosa for grievance redressal system, allowing
farmers, Gruha Jyothi, Indiramma Indlu citizens to voice concerns and track their
and Cheyutha pensions. The program resolution. Issues addressed include
emphasises simplifying application delays in government scheme benefits,
processes and ensuring direct benefits unsatisfactory service delivery, and
to intended beneficiaries, promoting corruption or negligence. Citizens can
transparency and accountability. It lodge complaints through an online
aims to foster a governance framework portal and physically submit them at
that effectively addresses the needs of designated counters or, in some districts,
vulnerable populations and promotes via phone calls or WhatsApp during
equitable development across the state. specified hours. This multi-channel
approach ensures accessibility and
The government has created user-
transparency in governance, promoting
friendly online platform and mobile app
citizen engagement and effective
as the central hubs for accessing the
resolution of grievances.
six main guarantee schemes offered
under Praja Palana. These schemes Telangana is rapidly becoming one of
encompass a wide range of citizen the leading states in India for adopting
needs. ‘Praja Palana Seva Kendras’ digital technologies for e-governance.
(PPSKs) have been set up at all MPDO According to reports from eTaal, the
offices, municipal offices, and circle Ministry of Electronics and Information
offices in GHMC to help Praja Palana Technology (MeitY), a Government
applicants rectify/update their data and of India, Telangana has achieved the
access benefits under Gruha Jyothi and highest number of e-transactions per
Mahalakshmi schemes. There are 956 1,000 people.
operational PPSKs across the state,
Real Time Digital Authentication of
with 556 in rural areas and 400 in urban
Identity (RTDAI) is Telangana’s tech-
areas.
driven system for verifying pensioners

Socio Economic Outlook 2024 11

using facial recognition. It allows The array of initiatives and schemes
pensioners to verify their identity currently underway and in the pipeline
digitally without visiting in person, reflect strong economic performance and
offering convenience and security. This marked improvements in development
system reduces fraud with multi-layered metrics across all sectors. These
verification and speeds up pension concerted efforts foster a positive outlook
processing. Telangana’s Directorate for the state’s future, promising to fulfil
of Treasuries and Accounts͙ (DTA) its citizens’ aspirations collectively.
pensioner database includes about 2.65
lakh pensioners, with authentication
done once a year.

12 Telangana
 Ecomony
Section

1
Economy
1.1. Macroeconomic Trends
1.2. Public Finance

Socio Economic Outlook 2024 13

 Brief Summary on State Economy
1.a Sectoral Contribution to the 1.b Per-Capita Income and Debt
Economy
Telangana has seen a rise in Per Capita
The economy is broadly categorised into Income from Rs. 1,24,104 in 2014-15
three key sectors - Agriculture & Allied
to Rs. 3,47,299 in 2023-24. However,
Sector, Industries (including mining and
during the same period, Telangana’s
quarrying) and Services. Since the state
total debt surged from Rs. 72,658 crore
formation, Service sector has contributed
to Rs. 6,71,757 crore, an increase of
the highest to Telangana’s Gross State
over 824.5%. Consequently, per capita
Value Added (GSVA), followed by the
debt surged more than 8.7-fold, rising
Industries and Agriculture & Allied
from Rs. 20,251 to Rs. 1,76,360. The
sectors. Based on the Advance Estimates
substantial rise in debt relative to income
of GSVA for Telangana, in 2023-24, the
growth suggests a heavy dependence
services sector accounted for 65.7% of
on borrowing to fund expenditures,
Telangana’s GSVA at current prices1,
potentially endangering fiscal
followed by the industrial sector,
sustainability. The persistent rise in debt
including mining and quarrying (18.5%)
far outstripping income gains suggests
and the agriculture and allied sector
that without stringent fiscal reforms,
(15.8%). Fig. 1.1 details the sectoral
Telangana’s economic health could be at
composition of GSVA for Telangana
risk, necessitating measures to balance
in 2023-24 (AE) at current prices. The
expenditure with revenue generation
section on macroeconomic trends offers
and reduce dependence͙on͙borrowing.
more information about the sectoral
contribution to the state economy.

Fig. 1.1. Sectoral Composition

of GSVA at Current Prices for
Telangana for 2023-24 (AE) (in %)
Agriculture & Allied Sectors Industries Services

1.
The Gross Value Added (GVA) of any unit (sector,
15.8
sub-sector, firm, etc) measures the contribution of that
unit to the overall output of a country or state. It is
calculated by subtracting the value of all intermediate
18.5 goods and services from the total value of units
output. This is done to remove any ‘double counting’.
65.7 For instance, assume that a firm buys oranges and
sells orange juice. The value of the oranges should
be subtracted while calculating the firm’s gross value
added, as this is already included in the final value of
the orange juice.
Note: RE - Revised Estimates; AE - Advanced Estimates

14 Telangana
 Ecomony
1.1 Macroeconomic
Trends
Key Highlights

• Telangana’s economy is growing growth in Gross Value Added (GVA)

year on year, demonstrating growth (current prices) of 4.0% between
and resilience. Telangana continues 2022-23 and 2023-24. Since the
to navigate economic challenges sector employs 47.3% of the state’s
while maintaining a prostive trend. population, its economic success
is crucial to improving the living
• In 2023-24, Telangana’s Gross
standards in Telangana.
State Domestic Product (GSDP)
at current prices is Rs. 14.64 lakh • The Industrial sector in Telangana
crore, which increased by 11.9%. achieved a growth of 10.1% in
2023-24.
• In 2023-24, the Per Capita Income
(PCI) at current prices in Telangana • The Services sector, the primary
is Rs.3.47 lakh, which is Rs. 1.64 contributor to the state’s economic
lakh higher than the national per growth, witnessed a remarkable
capita income in 2023-24 (Rs.1.83 14.6% increase in GVA at current
lakh). prices in 2023-24.

• Telangana’s Agriculture and Allied

sectors achieved a year-on-year

Socio Economic Outlook 2024 15

1.1.1 Introduction 1.1.2 Gross State Domestic Product2

Despite uncertainty from adverse The Gross State Domestic Product

geopolitical developments and (GSDP) measures the monetary value
expansionary fiscal measures taken of all final goods and services produced
during the COVID-19 pandemic, the in an economy during any given year.
Indian economy has demonstrated The GSDP is one of the most important
resilience and maintained healthy economic indicators, as it provides
macroeconomic fundamentals. As per information about the general economic
the First Advance Estimates of National health of the economy in terms of its size
Income for FY 2023-24, India’s Real GDP and growth.
is projected to grow at 7.3 per cent.
Telangana’s economy has weathered
The World Economic Outlook, published challenges and positioned itself for a
by the International Monetary Fund (IMF) promising future. The economy appears
in April 2024, projects global growth to to have moved on after its encounter with
remain steady at 3.2 percent in 2024, the pandemic, staging a full recovery
matching the growth rate estimated in 2022-23 ahead of many states and
for 2023. This forecast represents a positioning itself to ascend to the pre-
0.1 percentage point increase from the pandemic growth path in 2023-24.
January 2024 as per World Economic
Telangana has shown rapid and robust
Outlook (WEO) projection. Factors
economic growth amidst a global and
impacting growth include elevated
national economic slowdown. The
central bank policy rates to combat
global economy is expected to register a
inflation, fiscal support withdrawal
real growth of 3.2% in 2024. The Indian
amid high debt, and low underlying
economy is expected to grow at 7.6%
productivity growth. Global headline
in 2023-24 as per the Second Advance
inflation is expected to fall from an
Estimates released by MoSPI. Telangana,
annual average of 6.8 percent in 2023 to
however, is expected to register a real
5.9 percent in 2024

2
Gross State Domestic Product measures the size of the state’s economy. It is a commonly used indicator for the
performance of the state’s economy. Generally a rapidly increasing GSDP is a sign of a healthy economy. GSDP is
the value of all the final goods (e.g. cars, food, furniture) and services (e.g. services provided by barbers, taxi drivers,
waiters) produced within the state during the year. Importantly, there are two measures of GSDP: nominal GSDP
(GSDP at current prices) and real GSDP (GSDP at constant prices). While nominal GSDP is calculated by using the
prices of the current year, real GSDP is calculated by using the prices of some other year designated as the ‘base
year’ (in the context of this chapter, the base year is 2011-12). Therefore, changes in nominal GSDP between years
reflect the change in both prices as well as quantity of final goods (e.g. number of cars) and services (e.g. number
of haircuts) produced. In contrast, changes in real GSDP reflects only changes in the quantity of goods and services
produced, since the same prices are used for all years.

16 Telangana
economic growth rate of 7.4% in 2023- Fig. 1.2. Growth Rate of Gross

Ecomony
24 which is almost close to the national Domestic Product at Current
average. Prices for Telangana and
1.1.2.1 GSDP at Current Prices
All-India (2022-23 to 2023-24)
GDP growth (%) Telangana All-India
In 2023-24, Telangana’s nominal GSDP 16.4
was valued at Rs. 14.64 lakh crore, 14.2
11.9
reflecting a growth rate of 11.9% over 9.1
the previous year. This performance
surpassed that of the national economy,
which experienced a 9.1% growth in 2022-23 2023-24

nominal GDP during the same period. Telangana’s GSDP at current prices
(in Rs. lakh crore)
This indicates a 2.8 percentage point
13.1 14.6
difference in growth rates between
Telangana and the national economy. 269.5 293.9
India’s GDP at current prices (in Rs. lakh crore)
Fig. 1.2 depicts changes between the Source: Ministry of Statistics and Programme
Implementation (MoSPI), Government of India
gross domestic products of Telangana
and India at current prices. As per
Fig. 1.3 illustrates the GSDP growth rates
First Revised Estimates, in 2022-23,
at current prices for General Category
Telangana experienced a nominal
states in 2023-24 (AE). Tamil Nadu leads
GSDP growth rate of 16.4%, compared
with a growth rate of 14.2%, followed by
to All-India’s 14.2%, resulting in a 2.2
Uttar Pradesh at 12.8% and Telangana
percentage point difference.
at 3rd position among General Category
states with a growth rate of 11.9%.

Fig. 1.3. GSDP Growth Rate (%) at Current Prices for General
Category States 2023-24 (AE)
14,2
12.8
11.9
11.6 11.3 11.0 10.4
10.6 10.2
9.4 8.9 8.9
Tamil Nadu

Uttar Pradesh

Telangana

Rajasthan

West Bengal
Haryana

Odisha

Andhra Pradesh

Karnataka

Madhya Pradesh

Chattisgarh

Punjab

Source: Ministry of Statistics and Programme Implementation (MoSPI), Government of India

Socio Economic Outlook 2024 17

Over the years, Telangana’s contribution increased to 7.4%, and the national Real
to India’s GDP has shown a steady GDP increased by 7.6%. The percentage
increase. In 2021-22, Telangana point difference between Telangana
accounted for 4.80% of the national GDP. and All-India’s actual GDP growth rates
This share rose to 4.90% in 2022-23 and was 0.1 in 2022-23 and 0.2 in 2023-24,
further to 5% in 2023-24. This upward indicating a close alignment with the
trend reflects Telangana’s growing national growth trajectory.
economic significance and enhanced
role in the national economy.
Fig. 1.5. Growth Rate of Gross
Fig. 1.4. Contribution of Domestic Product at Constant
Telangana’s GSDP to India’s (2011-12)Prices for Telangana
GDP at Current Prices (2021-22 and All-India (2022-23 to 2023-24)
to 2023-24) GDP growth (%) Telangana All-India
Contribution of Telangana’s GSDP to 7.4 7.6
6.9 7.0
India’s GDP (%)

2021-22 (SRE) 4.8

2022-23 (FRE) 4.9

2023-24 (AE) 5.0 2022-23 2023-24

Telangana’s GSDP at current prices (in Rs. lakh crore)
Source: Ministry of Statistics and Programme
Implementation (MoSPI), Government of India
7.2 7.7

160.7 172.9
1.1.2.2 GSDP at Constant (2011-12)
Prices India’s GDP at current prices (in Rs. lakh crore)
Source: Ministry of Statistics and Programme
Based on the Advance Estimates (AE), in Implementation (MoSPI), Government of India

2023-24, Telangana’s GSDP at constant

(2011-12) prices increased by 7.4% over Fig. 1.6 illustrates the GSDP growth rates
the previous year. In the same period, at constant prices for General Category
national real GDP increased by 7.6%. states in 2023-24 (AE). The GDP growth
Fig. 1.5 depicts accurate growth rates rates of General Category states in
of Telangana and All-India for 2022-23 India varied widely. Odisha led at 8.5%,
and 2023-24. In the fiscal year 2022- followed by Tamil Nadu at 8.2%, with
23, Telangana’s real GDP grew by a solid manufacturing base. Telangana
6.9%, slightly below the national GDP grew 7.4%, fueled by the technology and
growth rate of 7.0%. However, in 2023- Service sectors.
24, Telangana’s real GDP growth rate

18 Telangana
 Fig. 1.6. GSDP Growth Rate (%) at Constant (2011-12) Prices for

Ecomony
General Category States 2023-24 (AE)
8.5 8.2 8.0 8.0 7.7 7.4 7.4 7.4
6.8 6.6 6.6 6.0

West Bengal
Odisha

Tamil Nadu

Uttar Pradesh

Haryana

Rajasthan

Telangana

Andhra Pradesh

Punjab

Karnataka

Chattisgarh

Madhya Pradesh
Source: Ministry of Statistics and Programme Implementation (MoSPI), Government of India

1.1.3 Per-Capita Income3 stood at Rs. 2,69,161, surpassing the

national average of Rs.1,50,906. This
Per capita income is a fundamental
trend continued into subsequent years,
metric in economics that helps to
with Telangana’s Per Capita Income
gauge living standards, economic
rising to Rs. 3,11,649 in 2022-23 and
development, and the distribution of
further to Rs. 3,47,299 in 2023-24,
wealth within a population. In the year
compared to the corresponding national
2023-24, Telangana’s per capita income
figures of Rs.1,69,496 and Rs.1,83,236,
is estimated at Rs.3,47,299.
respectively (see Fig. 1.7). The multiplier
In the fiscal years 2021-22, 2022-23, effect, which denotes Telangana’s Per
and 2023-24, Telangana has seen Capita Income growth relative to the
growth in Per Capita Income compared national average, has steadily increased
to the national average. In 2021- from 1.78 in 2021-22 to 1.90 in 2023-24.
22, Telangana’s Per Capita Income

3
Per Capita Income (PCI) measures the amount of money that would be available per person if the total value of
all goods and services produced in the economy were to be divided equally among all citizens. An important point
to note is that capital goods (e.g. machines) depreciate in value with time. To adjust for this, depreciation is first
subtracted from the GSDP before calculating the PCI.

Socio Economic Outlook 2024 19

 Fig. 1.7. Per-Capita Income at Current Prices for Telangana and
All- India (2021-22 to 2023-24) (in Rupees)
Telangana All-India

3,47,299
3,11,649

2,69,161

1,83,236
1,69,496
1,50,906

2021-22 2022-23 2023-24

Multiplier 1.78 1.84 1.90

Source: Ministry of Statistics and Programme Implementation, Government of India

1.1.4 Sectoral Analysis formation, the Services sector has

1.1.4.1 Sectoral Contribution4 contributed the highest to Telangana’s
Gross State Value Added (GSVA),
The economy is broadly categorised into followed by the Industries and Agriculture
three key sectors - Agriculture & Allied & Allied sectors. Based on the Advance
Sector, Industries (including mining and Estimates of GSVA for Telangana, in
quarrying) and Services. Since state 2023-24, the Services sector accounted

4
Traditionally, the three sectors discussed are the primary, secondary and tertiary sectors, where the primary sector
comprises the ‘Agriculture and Allied Sector’, and ‘Mining & Quarrying’, the secondary sector comprises ‘Construction’,
‘Manufacturing’, and ‘Electricity, Gas, Water Supply & other Utility Services’, and the Service sector comprises ‘Trade,
Repair, Hotels and Restaurants’, ‘Transport, Storage, Communication & Services related to Broadcasting’, ‘Financial
Services’, ‘Real Estate, Ownership of Dwelling, & Professional Services’, ‘Public Administration’, and ‘Other Services’.

20 Telangana
for 65.7% of Telangana’s GSVA at current 2022-23 and 18.5% in 2023-24. The

Ecomony
prices 5, followed by the industrial sector, Services sector, comprising trade,
including mining and quarrying (18.5%) hotels, transport, communication,
and the agriculture and allied sector banking, insurance, real estate, public
(15.8%). administration, and other services, saw
Fig. 1.8. Sectoral Composition of steady growth, accounting for 62.2% in
GSVA at Current Prices for 2021-22, increasing to 64.2% in 2022-
Telangana (2021-22 to 2023-24) 23, and further rising to 65.7% in 2023-
24. This trend underscores Telangana’s
Contribution to GSVA (%)
evolving economic structure, where the
Agriculture Industries Services Services sector continues to dominate,
2021-22 (SRE) 18.0 19.8 62.2 indicating a shift towards a service-
oriented economy while maintaining a
2022-23 (FRE) 17.0 18.8 64.2 significant presence in agriculture and
industries. Fig. 1.9 shows India’s share of
2023-24 (AE) 15.8 18.5 65.7
GVA coming from the three sectors.
Source: Ministry of Statistics and Programme
Implementation, Government of India
Fig. 1.9. Sectoral Composition
The trend in the share of each sector of GVA at Current Prices for
towards the state’s GSVA is shown All-India (2021-22 to 2023-24)
in Fig. 1.8. From the fiscal year Contribution to GVA (%)
2021-22 to 2023-24, Telangana’s Agriculture Industries Services
Gross State Value Added (GSVA)
reflects a shifting landscape in sectoral 2021-22 (SRE) 18.9 28.9 52.2
contributions. In the FY 2021-22,
2022-23 (FRE) 18.2 27.6 54.2
Agriculture and Allied sector constituted
18.0% of the GSVA, which decreased 2023-24 (AE) 17.6 27.6 54.9
marginally to 17.0% in 2022-23 and
Source: Ministry of Statistics and Programme
further to 15.8% in 2023-24. Meanwhile, Implementation, Government of India

industries maintained a significant

role, contributing 19.8% in 2021-22, The state’s share of the Agriculture and
which decreased slightly to 18.8% in Allied sector in the total GSVA has slig-

5
The Gross Value Added (GVA) of any unit (sector, sub-sector, firm, etc) measures the contribution of that unit
to the overall output of a country or state. It is calculated by subtracting the value of all intermediate goods and
services from the total value of units output. This is done to remove any ‘double counting’. For instance, assume that
a firm buys oranges and sells orange juice. The value of the oranges should be subtracted while calculating the
firm’s gross value added, as this is already included in the final value of the orange juice.

Socio Economic Outlook 2024 21

htly decreased from 16.3% in 2014-15 economy. Its share in the state’s nominal
to 15.8% in 2023-24, while its share in GSVA (65.7%) is larger than the share
the national GVA decreased from 18.2% of this sector in India’s nominal GVA
to 17.6% during the same period. Fig. 1.8 (54.9%).
and 1.9 reflect that the Industrial sector 1.1.4.2 Sectoral Growth Rates
contributes less to Telangana’s economy
than it does to India’s economy. A special Fig. 1.10 reflects the sector-wise growth
focus is needed to improve the sector rates at current prices from 2021-22 to
as it is a major source of employment 2023-24 for Telangana and All-India
generation. The Service sector accounted whereas Fig. 1.11 reflects contribution
for 65.7% of the Gross State Value of sectors to GSVA growth rates at
Added in 2023-24 and is, therefore, one current prices during the same period for
of the essential sectors in Telangana’s Telangana and All-India.

Fig. 1.10. Sector-wise Growth Rate of GSVA/GVA at Current Prices

for Telangana and All-India (2021-22 to 2023-24)
Growth Rate (%)
Agriculture Industries Services

18.5

19.8
24.2 18.3
25.2
14.6
9.5
10.6 9.1
14.6
10.1 7.9
10.6 9.7 9.4
6.0 4.0 4.6

Telangana All-India Telangana All-India Telangana All-India

2021-22 2022-23 2023-24

Source: Ministry of Statistics and Programme Implementation, Government of India

22 Telangana
The sharp recovery achieved by the 2022-23, but there was a stark decline

Ecomony
Industries and Services sectors in India in in 2023-24. The sector grew by only
2021-22, after being hit severely by the 4.0% in 2023-24, compared with 9.7% in
pandemic in 2020-21, continued in the 2022-23, a decrease of 5.7 percentage
year 2023-24 as well. The growth rate in points between the two years (see Fig.
the Services sector decreased in 2023-24 1.10).
compared to the previous year (9.5% in
The Industrial sector in Telangana,
2023-24 compared to 18.3% 2022-23).
which experienced a recovery from the
The Industries sector recorded a growth
pandemic in 2020-21, grew at 10.1% in
rate of 7.9% in 2023-24. However, this
2023-24 (see Fig. 1.10). The growth rate
growth was 1.2 percentage points less
of the Industrial sector in Telangana,
than the prior year’s growth, partially
similar to the overall trend in All-India,
due to the disturbances in the global
was lower in 2023-24 compared to
supply chain. The Agriculture & Allied
2022-23. This decline can be attributed
sector grew by 4.6% in India in 2023-24
to various factors, including the unstable
which was 4.8 percentage points lower
global economic scenario and disruptions
than the growth rate in 2022-23 (9.4%)
in supply chains worldwide. The Services
(see Fig. 1.10).
sector in Telangana experienced a 14.6%
In Telangana, the robust growth growth in the GSVA at current prices in
achieved by the Agriculture and Allied 2023-24 (see Fig. 1.10), which is higher
sector during the pandemic continued in than the national growth rate of 9.5%.

Fig. 1.11. Contribution of Sectors to GSVA/GVA Growth at Current

Prices for Telangana & All-India (2021-22 to 2023-24)
Contribution to Growth Rate (%) Agriculture Industries Services

9.6

14.4 12.4 9.6 9.4

6.9 5.2

3.0 2.1 2.6 1.9 2.2

1.2 2.2 1.8 1.8 0.7 0.8
Telangana All-India Telangana All-India Telangana All-India
2021-22 2022-23 2023-24
Source: Ministry of Statistics and Programme Implementation, Government of India

Socio Economic Outlook 2024 23