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.
As we reflect on Telangana’s remarkable journey, it is clear that
our State stands as a beacon of growth and a paradigm for
excellence for the entire nation. Telangana’s achievements in the
space of technology, healthcare, education and life sciences
amongst others have contributed significantly to India’s global
reputation as a pioneer, driving a future-ready workforce.
However, we recognize that there is vast untapped potential in
the existing established sectors as well as developing sectors
such as healthcare, tourism, food processing, and emerging areas
such as Artificial Intelligence/ Machine Learning (AI/ ML), Global
Capability Centers (GCCs) etc. By unlocking this potential,
Telangana can become a vital contributor to not only India’s
growth story but also a thought leader for the region over the next
decade, propelling our nation into the top echelons of the global
economy.
In this thought leadership report, we shed light on Telangana’s
current economic landscape, emphasizing the sectors that drive
our progress. Additionally, we find promising areas that can
accelerate our growth journey. Our goal is to foster a positive
sentiment among potential investors, positioning Telangana as
their preferred investment destination within India.
As we envision various growth scenarios based on our in-depth
analysis of macro and micro economic indicators, we see
Telangana’s economy evolving from its current USD 176 billion to
an impressive USD 1 trillion. As WTC Shamshabad and WTC
Future City, our strategic goal of employment generation is
aligned with the long term sustainable economic development of
Telangana. Together, let us chart this transformative path and
shape a prosperous future.
MESSAGE FROM
CHAIRMAN
Shri. Y Varaprasad
Reddy
Chairman, WTC
Shamshabad and Future City
Telangana’s Growth Story 2024 | 08
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