Telangana Surpasses Andhra Pradesh In Terms Of Economic Growth
Delhi/Hyderabad, Sept 19 (Maxim News): Telangana has highlighted tremendous economic growth since its bifurcation from Andhra Pradesh in a recent working paper by the Prime Minister’s Economic Advisory Council.
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The paper titled “Relative Economic Performance of Indian States: 1960-61 to 2023-24“, compared the economic performance of both the states and found that Telangana outperformed Andhra Pradesh.
GDP share: Telangana’s share in India’s GDP has increased from 3.8% in 2010-11 to 4.9% in 2023-24, higher than Andhra Pradesh’s share of 4.7%.
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Per capita income: Telangana’s per capita income will exceed the national average by 193.6% by 2023-24, compared to 131.6% in Andhra Pradesh.
Since the economic reforms of 1991, the southern states have experienced impressive economic growth. Within a decade of these reforms, all Southern states exceeded per capita national income.
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Per capita income: Telangana ranks first among the southern states in terms of per capita income, followed by Karnataka, Tamil Nadu, Kerala, and Andhra Pradesh.
Contribution to GDP: Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Kerala together account for 30% of India’s GDP. (Maxim News)
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