NewKerala.com

Telangana Aims for 10% of India's GDP with $3 Trillion Vision by 2047

Telangana's Industry Minister D. Sridhar Babu has announced an ambitious goal for the state to contribute 10% to India's GDP by 2047. The vision is backed by a detailed roadmap to build a $3 trillion economy, focusing on sectors like life sciences, electronics, and renewable energy. The state has already mobilized Rs 2.5 lakh crore in investments over the past two years, positioning itself as a leader in ease of doing business. New initiatives, including the Life Sciences Policy 2.0 and a dedicated AI Innovation Hub, were launched at the World Economic Forum to attract global investment.

Key Points: Telangana Targets 10% of India's GDP, Unveils $3T Roadmap

  • $3 trillion economy target by 2047
  • Rs 2.5 lakh crore investments mobilized
  • Focus on life sciences, IT, and green tech
  • Ease of doing business as a role model
  • New Life Sciences & AI policies launched at Davos
3 min read

Telangana aims to increase its GDP contribution to 10 pc

Telangana minister announces goal to raise state's GDP contribution to 10% and build a $3 trillion economy by 2047, highlighting key investment sectors.

"We have set a target of increasing Telangana's share in the country's GDP to 10 per cent by 2047 - D. Sridhar Babu"

Hyderabad, Jan 20

Telangana has set the goal of raising its contribution to India's GDP to 10 per cent, supported by a clear roadmap to build a USD 3 trillion economy, industry minister D. Sridhar Babu said on Tuesday.

He invited global industry leaders to partner in Telangana Rising, a long-term vision built on policy stability, ease of doing business, and innovation-led growth.

At the inauguration of the India Pavilion at the World Economic Forum annual meeting in Davos, Minister Sridhar Babu invited the industry leaders to invest in the state.

He told them that Telangana today offers a conducive, predictable ecosystem where global companies can scale, invest and participate meaningfully in the state's development journey.

He said that life sciences, electronics, semiconductors, IT, aerospace, renewable energy and green technologies are the priority sectors.

The minister stated that with Rs 2.5 lakh crore in investments mobilised over the past two years, the emphasis remains on sustaining growth, creating employment and strengthening Telangana's global standing.

He told the investors that Telangana has become a role model for other states in ease of doing business.

Sridhar Babu said that his government's resolve is not to wait for the future, but to build it. He stated that they have set a target of increasing Telangana's share in the country's GDP to 10 per cent by 2047 and are taking visionary and planned steps accordingly.

He stated that a comprehensive roadmap has been prepared with the participation of experts, industrialists, and the public to propel Telangana's economy to $3 trillion by 2047.

He added that this vision document gives utmost priority to key sectors that will boost the state's economy. He elaborated on the favourable conditions, opportunities, and the existing ecosystem in Telangana for investments in sectors such as pharmaceuticals, life sciences, biotechnology, healthcare innovation, electronics, semiconductors, hardware manufacturing, IT, ITES, aerospace, defence, textiles, apparel manufacturing, food processing, agro-based industries, renewable energy, and green technologies.

He affirmed that they are sincerely working to bring new industries to the state and create employment opportunities for the youth. He mentioned that his government has attracted investments worth approximately Rs 2.5 lakh crore in the last two years at the Davos forum.

He added that this year too, with the same spirit, they will explain the policies designed to boost industrial development and strive to encourage leading companies to invest in Telangana.

The minister announced that the Life Sciences Policy 2.0 and the Telangana AI Innovation Hub (TAIH) will be formally launched at the Davos forum to further enhance the global recognition of the "Telangana brand."

- IANS

Share this article:

Reader Comments

P
Priya S
Great vision, but I hope this growth is inclusive. The roadmap must ensure jobs reach local youth in tier-2 cities and rural areas, not just Hyderabad. Development should be for all sections of society.
V
Vikram M
Rs 2.5 lakh crore in two years is impressive! The Life Sciences Policy 2.0 and AI Hub sound promising. If they can pull this off, it will be a massive boost for the entire country's economy. All the best to the team!
S
Sarah B
As someone working in renewable energy, this is exciting news. Telangana has good solar potential. Attracting global investment in green tech is crucial for India's climate goals. Hope the policies are as good as they sound.
R
Rohit P
The target is ambitious, no doubt. But I have a respectful criticism: we hear these big numbers at Davos every year. The real test is on-ground execution and cutting red tape for MSMEs. Hope the "ease of doing business" reaches small entrepreneurs too.
K
Kavya N
Love the confidence! "Not to wait for the future, but to build it" – what a powerful statement. The focus on aerospace and defence is smart. With Hyderabad already a pharma hub, this 10% GDP goal might just be achievable. Fingers crossed! 🤞

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50