Telangana GSDP grows at 10%; exceeds Rs 16 trn: Socio Economic Outlook 2025

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Telangana GSDP grows at 10%; exceeds Rs 16 trn: Socio Economic Outlook 2025 - Business Standard

Quick Summary:

Telangana's economy witnessed a robust expansion in fiscal 2024-25 with its Gross State Domestic Product (GSDP) at current prices valued at Rs 16.12 lakh crore, reflecting a growth rate of 10 per cent, said Socio Economic Outlook for 2025.

Its per capita income for 2024-25 at current prices is estimated at Rs 3.79 lakh, growing at 9.6 per cent and indicating an overall improvement in living standards, employment opportunities and economic development, said the Economic Outlook on Wednesday.

"The state's economy has witnessed robust expansion, particularly in the IT sector, driven by strategic budgetary allocations for industry and technology," said the Economic Outlook.