Telangana Economy TSPSC Notes | Telangana Socio Economic Outlook 2023

Telangana Economy TSPSC Notes of Telangana Socio Economic Outlook 2023

Introduction:

  • Telangana state formed on June 2, 2014.
  • Located in the southern Indian peninsula on the Deccan Plateau.
  • Capital: Hyderabad
  • Bordered by Maharashtra, Chhattisgarh, Karnataka, and Andhra Pradesh.

Geography and Demographics:

  • Latitude: 15°50’10” N to 19°55’4” N, Longitude: 77°14’8” E to 81°19’16” E.
  • 12th in population (350.04 Lakh as per 2011 Census).
  • 11th in area (1,12,077 Sq. Km).
  • Drained by Godavari (79%) and Krishna (69%) rivers.
  • Official languages: Telugu and Urdu.
  • Reorganized into 33 districts, 612 mandals, and 12,769 Gram Panchayats.

 Economy:

  •  Steady growth with balanced development.
  • Initiatives like TS-iPASS, T-PRIDE, TS-IDEA, TS-GlobalLinker.
  • Welfare schemes: Dalit Bandhu, Rythu Bandhu, Kalyana Lakshmi, etc.
  • Steady economic growth: Contribution to India’s nominal GDP increased from 4.1% to 4.9% (2014-15 to 2022-23).
  • GSDP at current prices: Rs. 13.27 lakh crore, 15.6% growth over 2021-22.

 Agriculture:

  • Initiatives: Rythu Bandhu scheme, irrigation projects, 24×7 free power.
  • Share of Agriculture and Allied sectors in GSVA increased from 16.3% (2014-15) to 18.2% (2022-23).
  • Gross Irrigated Area increased by 117% (2014-15 to 2021-22).
  • Paddy production increased by 342% (2015-16 to 2021-22).

Industry:

  • Business-friendly policies and proactive measures.
  • Industrial sector’s contribution to GSVA: 19.0% (2022-23).
  • Flagship initiative: TSiPASS attracted Rs. 20,237 crore investment (2022-23).
  • Notable startups: Darwin Box, Skyroot Aerospace.
  • T-Hub Phase 2: World’s largest innovation campus.

Services:

  • Services sector’s GVA growth: 17.5% (2022-23).
  • Dominant subsector: Real Estate, Ownership of Dwelling, and Professional Services.
  • Hyderabad recognized as the world’s most dynamic city for prime offices.
  • IT exports growth (2014-15 to 2021-22): CAGR of 15.67%, employment increased from 3.7 lakh to 7.7 lakh.

Public Finance:

  • Strong public finances critical for welfare schemes.
  • Despite economic slowdown, prudent fiscal management maintained tax revenues.
  • Telangana’s own revenue accounted for 73.1% of revenue receipts (2018-21).
  • Development Expenditure: 78.1% of Total Expenditure (2018-21).

Maternal and Child Care:

  • Initiatives: Arogya Lakshmi, KCR Kit, KCR Nutrition Kit, Amma Vodi.
  • Visible improvements in institutional births, IMR, MMR.
  • Telangana leads in equitable income distribution (Gini coefficient of 0.10).

Health:

  • Initiatives: New Government Medical Colleges, Telangana Diagnostic Scheme, Kantivelugu.
  • Year-on-year improvement in NITI Aayog Health Index (3rd rank in 2019-20).

Education:

  • Foundational Literacy and Numeracy (FLN) programme: Tholi Mettu/First Step.
  • Teacher access focus: Best PTR at primary, upper primary, and secondary levels.
  • Infrastructure upgrade: Mana Ooru-Mana Badi/ Mana Basti-Mana Badi scheme.

Water Supply and Sanitation:

  • Mission Bhagiratha: 100% coverage of functional household tap connections.
  • Swachh Bharat Mission success: State declared Open Defecation Free (ODF)

Welfare:

  • Dalit Bandhu: Rs. 10 lakh grant to SC households.
  • Aasara Pension Scheme: Rs. 7,565 crore disbursed to 44.43 lakh pensioners.
  • Kalyana Lakshmi/Shaadi Mubarak: Financial assistance for marriage.
  • Rythu Bima: Group life insurance for farmers, Rs. 5.00 lakh in case of death.

Environment:

  • Telangana Ku Haritha Haram (TKHH): Extensive plantation, 270.65 crore saplings planted.
  • Recognition: Hyderabad declared “Tree City of the World- 2021” for the second consecutive year.

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