T records Rs 3.35 lakh cr GSDP in 2012-2013
Telangana, Records Rs 3.35 lakh cr GSDP in 2012-2013. Telangana Gross State Domestic Product (GSDP) during 2012-13 recorded at Rs 3,35,018 crore, driven by industry and services sectors.
- Services sector contributed 54% to the GSDP
- Around 95% of it came from the capital Hyd
- Industry contributed 28.8% and agriculture 17.2%
- Annual growth at 16.05% during period 2005-13
The land-locked State is expected to have nearly Rs 4,000 crore surplus budget, but lingering power deficit may force it to spend more on power purchases
Hyderabad: Telangana Gross State Domestic Product (GSDP) during 2012-13 recorded at Rs 3,35,018 crore, driven by industry and services sectors. As per reports prepared by the officials of the erstwhile Andhra Pradesh, the average annual GSDP growth of Telangana, which came into being as the country's 29th State on Monday, was 16.05 per cent between 2004-05 and 2012-13. The State GDP grew 13.26 per cent in 2012-13 to Rs 3,35,018 crore from Rs 2,95,767 crore in 2011-12, the report said. According to senior officials, in 2012-13, the services sector at Rs 1.81 lakh crore contributed 54 per cent to the GSDP. It was followed by the industry sector contributing 28.8 per cent at over Rs 96,000 crore and the agriculture sector's contribution was at 17.2 per cent at over Rs 57,000 crore.
The officials claim that 95 per cent of the revenue from service sector was contributed by the capital Hyderabad and its surrounding areas. Telangana's per capita income of Rs 24,409 in 2004- 05 had phenomenally grown to a whopping Rs 83,020 in 2012-13, the reports said. Despite some sluggishness during 2009-10, the growth was largely on track during 2008-09 to 2012-13. However, on the flip side, barring Hyderabad and Rangareddy districts, the number of households using open toilets hovers at 58.6 per cent of the total in the State.
Hyderabad has less number of households using open toilets at 0.9 per cent, Mahabubnagar is at 71.1 per cent, they add. The land-locked State is expected to have nearly Rs 4,000 crore surplus budget, but lingering power deficit may force the new government to spend more on the power purchase. The neighbouring Andhra Pradesh may face the deficit anywhere between Rs 14,000 to Rs 15,000 crore. The undivided State had shown Rs 18,600 crore surplus in its budget last fiscal. Telangana, spread in 1,14,840 square km, has 66.46 per cent literacy rate with a population of 3.52 crore.
