HYDERABAD: The GSDP of Telangana increased from Rs 5.05 lakh crore in 2014-15 to Rs 15.01 lakh crore in 2023-24, an increase of 196.9 per cent. This is the second highest in non-special category states in terms of the overall GDP growth.
During this period, the country’s GDP increased by just 136.89 per cent.
According to the “Telangana State Statistical Abstract (Atlas) - 2024”, released by Deputy Chief Minister Mallu Bhatti Vikramarka on Monday, the state’s economy was at Rs 15.01 lakh crore in 2023-24 with major contributions coming from service sectors. However, a majority of the 1.5 crore persons employed are in the agriculture sector.
As per statistics, agriculture and allied sectors employ 45.8 per cent of the population, contributing 15.4 per cent to GSDP, while service sector accounts for 66.8 per cent of the state’s value added.
There are 5,034 scheduled commercial banks in the state, with total deposits worth Rs 7,69,427 crore and credit worth Rs 8,47,390 crore in Q1 of 2024-25.
Meanwhile, Telangana’s total contracted capacity of electricity was 19,576 MW of which 44.8 per cent was generated by the state, 19.8 percent by the Centre and 35.5 per cent by private entities.
There are 1.86 crore electricity connections in the state, of which 71.9 per cent are domestic connections, 15.5 per cent are agricultural connections and 12.6 per cent are industrial and other connections. There are a total of 28.8 lakh agriculture consumers in the state, the highest being 2.35 lakh connections in Nalgonda district.
As per statistics, milk production increased from 42.07 lakh tonnes in 2014-15 to 57.22 lakh tonnes in 2023-24. Similarly, meat production doubled from 5.05 lakh tonnes in 2014-15 to 10.97 lakh tonnes in 2023-24. Egg production grew from 106 crore eggs in 2014-15 to 184 crore eggs in 2023-24. Telangana is in first place in the country in sheep population with 190.6 lakh.