My warmest greetings to the people in Telangana State on the occasion of the State Formation Day. If we analyze the rapid strides and progress that the State had made within a short span of eight years, it will unveil infront of our eyes a plethora of wonderful victories. Telangana state had registered the unimaginable victories, which no state in our country as a whole could not do so in 75 years.
It is a universal fact that there is absolutely no comparison with the situation that existed when the Telangana State was formed and the present-day conditions. In economic development, the increase in Per Capita Income, in supplying free and quality power 24×7 to all sectors, in creating additional irrigation and drinking water, in welfare of the people, growth in IT and Industries and almost in all the sectors. Telangana State had become a role model to the country and it is a moment of pride for all of us.
The Telangana region which had unleashed a relentless struggle for 60 years for its own identity and existence, had reached the pinnacle of development and it stood with a sense of pride in the world. In short span of eight years, the Telangana State had become a manual for others in the country to follow. All this was possible with the blessings of people and the government employees who worked with commitment and dedication which is a fact and no one can deny.
With strict financial prudence and a perfect planning, we could increase our revenue resources. From 2014 to 2019, with 17.24 per cent average annual economic growth, Telangana State became number one in the country. Despite several obstacles and a deadly pandemic situation like Corona, Telangana State is making rapid strides in development.
The very fact that the Economic Survey of India in 2020-2021 had congratulated the Telangana, which could come out quickly from the crises of corona. This is a certificate for the Telangana State for its prudent fiscal management and financial discipline.
In the financial year 2013-2014, when Telangana State was formed, the State’s GSDP was Rs 5,05,849 Crore. By the financial year, 2021-2022 it went upto Rs 11,54,860 Crore. The state government is ensuring that for the increase in revenue, every penny is spent in a useful manner and incurring capital expenditure in a planned manner.
The Telangana state has also set a record of sorts in the increase of the Per Capita income. In 2014-2015, the state’s Per capita income in an average was Rs 1, 24, 104, while it was increased in 2021-2022, to Rs 2, 78, 833. This is a whopping 86 percent above the national average of Rs 1,49,848 rupees. It is an auspicious development that the Telangana State’s Per Capita income is being increased .
