Telangana per capita earnings increases to Rs 3,17,115

Hyderabad: Telangana per capita earnings has actually boosted to Rs 3,17,115 as compared to the nationwide per capita earnings of Rs 1,70,620. Thus, the per capita earnings of the State is approximated to be greater than the nationwide earnings by Rs.1,46,495 by 86 percent. In 2014-15, the initial year of the State development, the per capita earnings of Telangana was Rs.1,24,104. This was greater than the nationwide per capita earnings of Rs.86,647 or by 43 percent.

The Socio Economic Survey record claimed while the all-India development at consistent rates is approximated at 7.0 percent in 2022-23, Telangana GSDP is approximated to expand at a greater price of 7.4 percent. Thus, the development of Telangana GSDP is greater than the nationwide GDP development by 0.4 percent.

The record claimed Telangana’s per capita earnings has actually constantly been greater than the typical nationwide per capita earnings because the state developments; the space has actually broadened with each succeedingyear

“In 2021-22, the growth rate of nominal per capita income in Telangana was 0.9 per cent points higher than the national nominal per capita income rate; the gap in their growth rates widened to 1.4 percentage points in 2022-2023 “.

The record revealed that the State’s GSDP was valued at Rs 13.27 lakh crore, after accomplishing a notable development price of 15.6 percent over the previousyear

.