Telangana Chief Minister A Revanth Reddy address during inauguration of Telangana Rising Global Summit 2047 at Bharat Future City in Kandukur Mandal, Rangareddy district on Monday
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NAGARA GOPAL
Telangana Chief Minister A Revanth Reddy has said the State government targetted to contribute 10 per cent to the country’s Gross Domestic Product (GDP) by 2047.
“We comprise around 2.9 per cent of India’s population but contribute about 5 per cent to the country’s GDP now. We want to become $1 trillion economy by 2034, and by 2047, we would like to increase it to 10 per cent when the State’s economy reaches $3 trillion,” he said.
Three regions
Addressing the inauguration of the Telangana Rising Global Summit at Kandukur near here on Monday, he said the government would divide the State into three regions — Core Urban Region Economy, Peri Urban Region Economy, and Rural Agriculture Region Economy.
Representatives from over 40 countries and States have attended the summit. Karnataka Deputy Chief Minister
Citing the example of Guang-Dong province in China, he said that the region achieved a very high growth rate in 20 years, attracting huge investments.
“We are inspired by China, Japan, Germany, South Korea and Singapore as we embark on our journey to reach the $3-trillion economy,” he said.
Telangana Industries and IT Minister D Sridhar Babu said the State recorded a GSDP (Gross State Domestic Product) growth rate of 10.1 per cent in 2024–25, higher than the national average of 9.9 per cent.
The State’s per-capita income reached ₹3.79 lakh, about 1.8 times the national average. The industrial and manufacturing sectors grew by 7.6 per cent, compared with the national average of 6.6 per cent, while the services sector grew by 11.9 per cent, exceeding the national average of 10.7 per cent.
The Minister said Telangana’s Industrial GSVA (Gross State Value Added) rose from ₹2.46 lakh crore to ₹2.77 lakh crore, reflecting a 12.6 per cent growth rate.
He added that growth across key subsectors – manufacturing, construction, mining and quarrying, electricity, gas, water and utilities – surpassed national benchmarks, demonstrating the government’s performance in strengthening the industrial base.
He also listed a series of upcoming initiatives aimed at shaping the State’s future. “We are working on Telangana AI Innovation Hub, the AI-based Data Exchange Platform (TGDeX), AI University, and a Centre of Excellence in Quantum Technology,” he said.
Published on December 8, 2025