TS growth rate pegged at 8.2%

The Socio Economic Outlook for the year 2020, unveiled by Finance Minister T Harish Rao on the sidelines of Budget presentation on Sunday, reveals that agriculture and service sectors have been contributing equally well for the rapid growth of the State.

The State has shown robust economic growth amidst a global and national economic slowdown. While the global growth was 2.4 per cent in 2019, and the national growth rate was pegged at 5 per cent, Telangana expected to resister a growth rate of 8.2 per cent in 2019-2020. The driver of growth seem to be the primary and tertiary sectors which are estimated to grow at 15.8 per cent



and 14.1 per cent respectively at current prices.

Overall, the tertiary sector still dominated the total gross value added in the economy - it contributes 65.2 per cent of the total. Per capita income in Telangana remains higher than the national average.

Moreover, the State has once again experienced a higher growth rate in per capital income at current price - 11.6 per cent compared to 6.3 per cent at the national level. The inflation measure as per the Consumer Price Index numbers is 7.46 in Telangana, close to the national level which is 8.08.