Telangana: A Young State with a Rich Legacy and Rapid Economic Growth

Investments Why Invest in Telengana

Posted by pallavi on 2024-10-01 05:55:08 |

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Telangana, as a geographical and political entity, was officially formed on June 2, 2014, becoming the 29th and one of the youngest states in the Union of India. However, as an economic, social, cultural, and historical entity, Telangana boasts a rich heritage spanning over 2,500 years. Over the past six years, the Government of Telangana has laid a strong foundation aligned with the aspirations of its people, working towards the vision of a "Bangaru Telangana." This vision represents a Telangana where past injustices are righted, the current generation experiences significant improvements in their quality of life, and future generations are assured of a prosperous future through the benefits of ongoing investments.

Despite being the youngest state in the country, Telangana has achieved remarkable growth. While global economic growth in 2019 was at 2.4%—the slowest since the financial crisis—and India’s economy was expected to grow at 5% in 2019-20, Telangana outperformed with a projected real economic growth rate of 8.2% for the same period, well above the national average. This impressive growth is largely attributed to the government’s proactive industrial policies and its approach of acting as facilitators and catalysts for industrial development. Additionally, the state's significant urbanization has played a vital role in its economic progress, with 38.8% of Telangana's population residing in urban areas, according to the 2011 census.

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