Telanana's Growth Story_WTC Shamshabad
Telangana, India's youngest state, is rapidly growing with a goal to become a $1 trillion economy by 2036. Leveraging its strengths in sectors like Pharmaceuticals, IT, and Aerospace, and driving innovation and infrastructure, the state is positioned as a key player in India's economic growth. Its focus on robust economic development, diverse cultural contributions, and significant export impact underscores its role in shaping the country's future.
Executive
Summary
Telangana’s Growth Story 2024 | 10
USD 176
Billion
USD 500
Billion
USD 1
Trillion
The State of Telangana is the youngest and yet
one of the fastest growing States in India. The
diverse economic, social, and cultural profile of
the State supports strong growth potential and
hence contributes significantly to India’s growth
story.
This report outlines Telangana’s journey towards
becoming a USD 1 trillion economy by 2036, by
maximizing the various strengths of the State. It
emphasizes the State’s robust economic outlook,
cultural diversity, and sectoral distribution in
Gross Value Added (GVA), with strengths in
Pharmaceuticals, Life Sciences, IT, GCC,
Agriculture, and Aerospace.
Additionally, the report highlights Telangana’s
significant contribution to exports, with a strong
focus on innovation and technology. The State’s
fast-paced infrastructure development, policy
reforms, and investment opportunities position it
as a key player in India’s economic growth
trajectory and a hub for foreign direct
investment.
The report also highlights ambitious flagship
infrastructure projects of the Government such
as the ‘Future City’, Regional Ring Road and
Musi riverfront redevelopment which have the
potential to unleash new opportunities not only
to the urban but also semi-urban and rural parts
of the State, thereby accelerating regional trade
and growth. Moreover, the State’s continuous
efforts in fostering the innovation ecosystem are
seen to be supported by numerous institutions,
contributing to new-age entrepreneurs who
promise to bring about an economic shift and
give a fillip to the efforts in increasing the GSDP.
Telangana’s strategic focus on sectors like
Pharmaceuticals and Life Sciences, Global
Capability Centers (GCCs), Information
Technology (IT), and Agriculture and Food
Processing are clear. The State’s GCC market is
thriving, with a strong talent pool and cost-
effective real estate, making it an attractive
destination for MNCs. The IT sector has always
been a major contributor to the State’s economy,
with robust infrastructure and a vibrant
technology ethos. The Agriculture and Food
Processing industry benefits from abundant raw
materials, storage, and processing infrastructure.
With nine agriculture universities and numerous
R&D institutes, Telangana is nurturing local
talent and innovation, particularly in dryland
agriculture and food technology. The State is
also rapidly emerging as a key player in India’s
aerospace & defence sectors, attracting
significant investment and promising thousands
of jobs along with fostering startups and private
sector investments into spacetech.
Overall, Telangana’s growth trajectory is
supported by its focus on infrastructure,
innovation, strategic sector development, and a
conducive environment for business and talent.
The State’s growth story is a testament to its
potential to shape the future of India’s economy.
As we envision the future, our goal is audacious:
to propel Telangana’s economy from its current
USD 176 billion to an impressive USD 1 trillion.
This isn’t wishful thinking; it’s a strategic
imperative. By attracting investments, nurturing
talent, and embracing sustainable practices, we
can achieve this vision.
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