CM KCR is confident that Telangana is one of the best-managed states in the country and can make a turnaround in no time even after the crisis of Corona.
The RBI also certified that Telangana is the fourth largest contributor to the country in terms of taxes and other payments.
According to “Handbook of Statistics on the Indian Economy 2020-21” the Net State Value Added (NSVA) by Telangana at current prices to the country increased from Rs 4,16,930 crore in 2014-15 to Rs 8,10,503 crore in 2020-21.
When compared to Andhra, Telangana is doing far better in terms of managing finances. The RBI also revealed recently that Telangana is the fourth largest contributor to the country’s economy.
The state finance minister T. Harish Rao, said that Telangana is among the states having the lowest debt burden in the country, dismissing the claim by the opposition parties that the Telangana Rashtra Samithi (TRS) government has pushed the state into a debt trap.
Now Harish is getting ready to present a budget to the tune of around 2.5lakh crore.
Harish Rao had told the state Assembly last year that Telangana’s debt burden is only 22.8 per cent of GSDP, which is well within the permissible limits under the FRBM Act. Telangana was then in third place from the bottom in the country.
“The Centre’s debt burden is 62.2 per cent of GDP while Telangana’s debt burden is just 22.8 per cent of GSDP,” he had stated.
