HYDERABAD: The Gross State Domestic Product (GSDP) in Telangana has registered a 14.1 per cent growth in the current financial year. The Socio-Economic Outlook-2018, presented by the TS government in the Assembly on Thursday says the share of the state GSDP in All India GDP has increased from 4.02 per cent in 2013-14 to 4.37 per cent in 2017-18 which indicates better performance of the new state.
The report said the Telangana's GSDP for the year 2017-18 at current prices is estimated to be Rs 7,32,657 crore, as against Rs 6,41,985 crore in 2016-17, registering a growth of 14.1 per cent. The GSDP at constant prices in the year 2017-18 is Rs 5,49,470 crore as against Rs 4,97,513 crore in 2016-17 registering a growth of 10.4 percent. At current prices, all India GDP is estimated to be Rs 1,67,51,688 crore in 2017-18, registering a growth rate of 9.8 per cent over the previous year.
At constant prices GDP of all India for the year 2017-18 is estimated to be Rs 1,30,03,897 crore. This has been marked as a growth of 6.6 percent over the previous year. Per capita income (PCI) of Telangana State is Rs 175534 in the year 2017-18 as compared to PCI of Rs 154734 during 2016-17 registering a growth rate of 13.4 percent, whereas the PCI of all India is Rs 112764 in the year 2017-18 as compared to Rs 103870 in 2016-17 registering a growth of 8.6 percent. The report said that this implies that the PCI of the State grew much faster than the all India PCI.
The State economy grew at an average annual rate of 9 percent in the post formation era which is significantly higher than the average annual growth of 4.3 percent achieved during 2012-13 to 2013-14. The report said that it is encouraging to note that the State has achieved a double-digit growth in last two consecutive years.
Industrial sector registered a growth of 8.6 percent in 2017-18. Due to pro-active measures in favour of industrial sector like implementation of TSiPASS and provision of uninterrupted power supply, the performance of the sector has been boosted.