K Chandrasekhar Rao the CM of Telangana said that it is a matter of immense pride that within a period of less than 5 years, Telangana has become a trailblazer and a role model for the entire nation. Previously, the Gujarat and Kerala models of development were talked about. Now, the Telangana model of inclusive development has taken center-stage KCR said. Our Government has set an unprecedented record by not only fulfilling all the promises in the election manifesto but even delivering more than what was promised.
It is no exaggeration to say that every household is getting the benefit from one programme or the other introduced by our Government. The people of Telangana reposed immense trust and gave the TRS party a massive mandate in the recently held elections. The average annual GSDP growth rate of the Telangana region at constant prices in the combined State was barely 4.2% in the two years (2012-13 and 2013-14) immediately preceding the formation of the new State, as compared with the national average of 5.9 per cent. However, after formation of Telangana, the growth rate more than doubled to 10.6 percent in 2018-19.
This is an undisputable proof that our Government has done lot more in a very short period of less than five years in putting the economy on a higher growth trajectory The growth of Gross State Domestic Product (GSDP) at current prices has improved from 14.2% in 2016-17 to 14.3% in 2017-18. Keeping the same trend, this year, Telangana is estimated to grow at 15% in 2018-19 as against
5 country‟s growth rate of 12.3% KCR said. The GSDP of the State during 2018-19 is estimated at Rs.8,66,875 crore. The primary sector of the GSDP at current prices is expected to register a growth rate of 10.9% in 2018-19 This growth can be attributed mainly due to improvement in power situation, rejuvenation of irrigation facilities, distribution of sheep among the Sheppard community, supply of fish seed to the fishermen community and investment support to the farmers. The secondary sector has improved significantly and is likely to register a growth rate of 14.9% at current prices in 2018-19. This growth is because of assured power supply, liberalized industrial policy TS-iPASS, improvements in ease of doing business and availability of skilled manpower. The tertiary
6 sector is likely to register an impressive growth of 15.5%. As per the latest estimates, the State‟s per capita income at current prices is estimated at Rs.2,06,107 for the year 2018-19, as against Rs.1,81,102 in 2017-18 showing an increase of 13.8%. This is significantly higher than the national growth of 8.6% KCR stated.
