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Telangana Targets $1 Trillion Economy by 2034, Says CM Revanth Reddy at Event with PM Modi

Telangana Chief Minister A Revanth Reddy announced the state's goal to become a $1 trillion economy by 2034, contributing 10% to India's GDP under the "Telangana Rising 2047" vision. Speaking at a Hyderabad event with PM Narendra Modi, Reddy praised the Gujarat model and expressed hope for similar development. PM Modi responded by offering central support comparable to Gujarat's, but jokingly warned it might halve current gains. The event saw the inauguration and foundation laying of development projects worth around Rs 9,400 crore.

Key Points: Telangana Aims for $1 Trillion Economy by 2034: CM Revanth Reddy

  • Telangana aims for $1 trillion economy by 2034
  • State targets 10% contribution to India's GDP
  • CM Revanth Reddy compares vision to Gujarat model under PM Modi
  • PM Modi offers central support, jokingly warns of halved gains
  • Event in Hyderabad inaugurates projects worth Rs 9,400 crore
3 min read

"Telangana model to reach 1 trillion economy by 2034": CM Revanth Reddy

CM Revanth Reddy says Telangana targets a $1 trillion economy by 2034, contributing 10% to India's GDP, aligning with PM Modi's Viksit Bharat vision.

"When Manmohan Singh was the PM, Narendra Modi was the CM of Gujarat; he developed the Gujarat model in 10 years for the nation. Today, the people of Telangana also have the same hope. - CM Revanth Reddy"

Hyderabad, May 11

Telangana Chief Minister A Revanth Reddy said the state aims to become a one-trillion-dollar economy by 2034 and contribute ten per cent to the nation's GDP under the vision of "Telangana Rising 2047".

Speaking at an event in Hyderabad attended by Prime Minister Narendra Modi on Sunday, where development projects worth around Rs 9,400 crore were inaugurated and foundation stones laid, Revanth Reddy described the programme as a "celebration of development" and said Telangana was aligning its growth vision with the Centre's "Viksit Bharat" mission.

"This is not a central government program; this is a celebration of development. This is very important for us to take Telangana forward. We decided to do Telangana Rising 2047 to join with the Viksit Bharat," Reddy said.

Drawing a comparison with Prime Minister Modi's tenure as Gujarat Chief Minister, Revanth Reddy said the people of Telangana were hoping to build a similar growth model for the state.

"When Manmohan Singh was the PM, Narendra Modi was the CM of Gujarat; he developed the Gujarat model in 10 years for the nation. Today, the people of Telangana also have the same hope. When he is the PM, the people of Telangana have the same hope as me that in the coming 10 years, there will be a Telangana model to reach the 1 trillion economy by 2034," the Telangana Chief Minister said.

Reddy further said Telangana, despite accounting for less than three per cent of the country's population, aims to contribute ten per cent to India's GDP in the future.

"In Telangana, there are less than 3 per cent of the population in the whole nation... We think of contributing 10 per cent of the nation's GDP when the PM's dream vision of a 30 trillion dollar economy is achieved," he said.

Responding to Revanth Reddy's remarks, Prime Minister Modi also made a light-hearted pitch at the event, saying he was willing to provide Telangana with the same level of central support Gujarat received during his tenure and added that doing so might halve the state's current economic gains.

"I would like to tell Revanth Reddy that whatever the Government of India has given to Gujarat in 10 years of rule, I am ready to give to you. But based on my knowledge, as soon as I do that, what you are currently receiving will be halved. You won't be able to reach where you want to go. So it is better that you ally with me only," PM Modi said.

- ANI

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Reader Comments

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Priya S
Interesting how Reddy saab compared the "Telangana model" to the Gujarat model. Hope he means infrastructure and investments, not just big promises. We need concrete timelines – one trillion by 2034 is less than 10 years away. Meanwhile, PM Modi's playful jab about halving support was classic! 😄
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Siddharth J
As a Hyderabad native, I appreciate the ambition but am cautiously optimistic. Telangana already contributes significantly through IT, agri-biotech, and pharma. However, the 10% GDP target for <3% population means we need per capita productivity leaps. The PM's remark about halving current gains was a smart political tactic – it highlights Center-State cooperation challenges. Let's hope both parties work together for Telangana's growth, not just score political points.
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James A
Impressive vision for Telangana! As an American who's worked with Hyderabad-based tech firms, I've seen the talent pool there. But reaching 1 trillion in a decade requires massive infrastructure upgrades – power supply, logistics, and skilled labor. The "Viksit Bharat" alignment makes sense. Interested to see how this compares to other Indian states' growth trajectories.
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Rohit P
Remember the "Gujarat model" also had its critics – crony capitalism concerns and environmental issues. If Revanth Reddy wants to create a "Telangana model," he should focus on inclusive growth – employment for rural youth, water security for drought-prone areas, and industrial corridors that don't displace farmers. The ₹9,400 crore projects are a start. Let's hold them accountable for execution. 🧐
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Tyler Y
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