: Telangana will be 0 billion economy by 2030: KT Rama Rao #IndiaNEWS #Hyderabad Hyderabad: Telangana is poised to be a 0 billion economy, roughly over Rs 34 lakh crore by 2030, with its consistent

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Telangana will be 0 billion economy by 2030: KT Rama Rao #IndiaNEWS #Hyderabad
Hyderabad: Telangana is poised to be a 0 billion economy, roughly over Rs 34 lakh crore by 2030, with its consistent and impressive growth of over 13 per cent every year. Currently, it is around 0 billion and the current growth rates will add more than $ 300 billion value. That will be a humongous contribution to the country, Industries and IT Minister KT Rama Rao. said here on Wednesday.
Speaking at the CII Telangana State Leadership Summit, he said Telangana was the best successful startup in 75 years of independent India. Telangana’s per capita income when the State formed was about Rs 1. 24 lakh and it has grown to Rs 2. 78 lakh in 7. 5 years, an increase of 125 per cent. The GSDP of the State now touched Rs 11. 54 lakh crore, recording a growth of more than 130 per cent over the Rs 5 lakh crore in 2014. The State, with just 2. 5 per cent of the country’s population, is the fourth largest contributor to the GDP.
The State took a 3I approach- Innovation, Infrastructure and Inclusiveness for growth. “The focus of the State has been getting the basics right. In November 2014, Telangana announced a pathbreaking single-window clearance system TS-iPASS for according permissions to the industry. TS industrial policy is leagues ahead of anyone else. It has been extremely successful so far with about 18,000 applications worth Rs 2. 3 lakh crore investments were cleared so far creating employment to about 1. 6 million people. This happened despite the bifurcation blues, some of which are still to be settled, despite the demonetisation and the pandemic as well� he said.
“Innovation is misconstrued as disruption in the technology area and startups. That is not the entire truth. Innovation can also happen at the government level too. We spent extensively on infrastructure. We were a power deficit State when we started our journey. The installed capacity was about 7,000 MW and it has now increased to 16,000 mw. We are the only State to provide 24/7 power to the industry and free power to small and marginal farmers,� Rama Rao said.
Telangana also completed laying of 1. 4 lakh km pipeline under the Mission Bhagiratha to provide potable drinking water to one crore households at a cost of over Rs 51,800 crore. “The GoI has drawn inspiration from us and has started a programme called Har Ghar Jal. It is also asking other States to emulate,� he recalled.
Kaleshwaram project, the world’s largest irrigation project, has been conceptualised and completed by Telangana in less than four years. “We are lifting water from Godavari from about 82 m above the sea level to 612 m above the sea level to near Hyderabad through a multi-stage irrigation programme.

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