Gross Domestic Product (GDP) represents the total market value of all finished goods and services produced within a country in a year.
Measured either in nominal or real terms (adjusted for inflation), it serves as the most definitive benchmark of economic strength. On similar lines, State GDP (S-GDP) captures the yearly economic output of a State.
Under the bold and visionary leadership of Chief Minister Shri A. Revanth Reddy, Telangana — India’s youngest State with a current S-GDP of $200 billion — is gearing up for an economic transformation of historic proportions, a five-fold leap to reach a $3 trillion economy with a clear roadmap:
It’s a well-known fact that highest growth rises and best growth rates and accelerators can be achieved through super-growth in city areas. With strategic planning and meticulous implementation of major development and investment schemes, Hyderabad’s City GDP (C-GDP) can be transformed from the current $90-odd billion to over $600 billion.
A focused approach is needed to develop Hyderabad as a world-class city and the aim is to surpass problems such as traffic, water shortage, urban flooding, climate change challenges, zoning, and quality of life balance faced by Indian cities. Future City is a way to create such an annexure to the historic Hyderabad by making the area within the 160-km-long ORR region as a ‘Services Only City’.
Positioning itself as an alternative to China +1 strategy, Telangana aims to capture a major share in the global trade across the sectors – especially in electronics, pharma and biotech – by dividing the State’s zoning cluster into three circles. This creates not only a huge space between the urban ORR and semi-urban RRR, connected by radial roads, for manufacturing clusters, but also massive job opportunities.
To succeed in the vision for TelanganaRising 2047 in its truest sense, the quality of life and livelihoods of people in rural Telangana would be improved alongside the growth of Hyderabad’s economy. A plethora of schemes are being put in place to promote agro-based and organic farming methods, building vegetable and cereal producing zones, and increasing welfare and incomes of Telangana people.
As India sets its sights on becoming a $15 trillion economy, Telangana is preparing to contribute 10% to the nation’s GDP, up from the current 5%, cementing its position as “a pivotal force that propels India’s economic growth”.
Telangana’s $3 trillion-dollar vision is set to redefine India’s economic landscape, transform millions of lives, and position the State as a trailblazer in the global growth story. With a powerful combination of visionary leadership, strategic planning, and relentless execution, Telangana is aiming high to build the future.