HYDERABAD: IT and Industries Minister K Taraka Rama Rao on Thursday expressed his elation after the "Handbook of Statistics on The Indian Economy 2020-21" placed Telangana on the fourth position when it comes to the 'Net State Value Added,' by a state at current prices.
The list was disclosed by the Reserve Bank of India on Wednesday.
Tweeting a report that appeared in The New Indian Express, KTR expressed his happiness and pride.
"Happy and proud that the latest RBI report says Telangana is the 4th largest contributor to India's economy. Under the leadership of CM KCR, Telangana State continues to punch above its weight," he tweeted, also pointing out that though Telangana stood 12th in population numbers and 11th in terms of geographical area in the country, it stood 4th in nation building.
Telangana's 'Net State Value Added' increased from Rs 4,16,930 crore in 2014-15 to Rs 8,10,503 crore in 2020-21. The top three contributors are Tamil Nadu, Karnataka, and West Bengal.