Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. The total exports from Telangana IT sector were valued at Rs 1,45,522 crores in 2021, he said. It is expected that these investments would result in the creation of about 29,000 jobs.Įven though many sectors were adversely affected due to COVID-19, the IT exports from Telangana clocked a growth of 12.98 percent. Observing that the state government has announced Telangana electric vehicles policy recently, he said already investments worth Rs 10,000 crore have come to the state. He also said the state's new Secretariat, which is under construction, would be completed in the current year. All the districts of the state will soon have government medical colleges, which would be established over the next two years, the Finance Minister said.
The budget also made an allocation of Rs 12,565 crore for the welfare of ST community. The state government allotted Rs 11,728 crore for ?Aasara' (social security pensions).Ĭlaiming that the state government's two-bed room housing scheme is a role model for the rest of the country, the budget proposed an allocation of Rs 12,000 crore for the programme. Further, during the next financial year, loans up to Rs 75,000 would be waived. Loans of farmers upto Rs 50,000 would be waived by the end of March this year. In people's welfare, Telangana stands first in the country,? he said.Īgriculture has been allocated Rs 24,254 crore in the budget. Highlighting the state government's primacy to welfare, he said the government's policy, as articulated by the Chief Minister, has been that mere growth has no meaning and even legitimacy if the poor are denied its benefits. Thus, Telangana recovered much faster in the aftermath of the COVID-19 pandemic, he pointed out.īy 2021-22, the per capita income of the state at Rs 2,78,833 exceeded the national average of Rs.1,49,848 by 1.86 times, said Harish Rao, a nephew of Chief Minister K Chandrasekhar Rao.
As per the Advance Estimates, Telangana continued to maintain higher growth in the GSDP in 2021-22 too at 11.2 per cent at constant prices as compared with the national GDP growth of 8.9 per cent, he said.Īt current prices, GSDP growth is estimated at 19.1 per cent as compared with the estimated GDP growth of 19.4 per cent.