TS stock in national GDP goes up by 21 base points

In its annual report of the industries and commerce department, the state government has claimed that state’s share in the national GDP (gross domestic product) has gone up by 21 basis points to 4.76 per cent in 2019-20, as against 4.55 per cent in 2018-19.

Industries minister K.T. Rama Rao released the annual report of the industries and commerce department at his camp office on Tuesday.

The report says that state achieved 8.2 per cent year-on-year (YOY) growth in GSDP (gross state domestic product) at constant prices (2011-2012), and 12.6 per cent at current prices, compared to the national average of 5 and 7.5 per cent respectively

The state’s share of exports grew from 10.61 per cent in 2018-19 to 11.58 per cent in 2019-20 and Telangana state also recorded a per capita income of `2,28,216 compared to the national average of `1,34,432 at current prices, according to the report. The TS-iPASS, attracted cumulative investments worth `1.96 lakh crore in the past five years and created 13.9 lakh jobs, the report said.

The report revealed that around 75 per cent of approved industries amounting to 9,021 of 12,021 have already commenced operations.

Investment worth another `45,848 crore is being pumped in through upcoming mega projects, creating 83,000 new jobs across different sectors including IT, automotive, textiles, electronics, life sciences, construction and food processing etc, the report claimed.

INDUSTRIES MINISTER K.T. Rama Rao released the annual report of the industries and commerce department at his camp office on Tuesday.

THE STATE’S share of exports grew from 10.61 per cent in 2018-19 to 11.58 per cent in 2019-20 and Telangana state also recorded a per capita income of `2,28,216 compared to the national average of `1,34,432 at current prices, according to the report.