Economy of Telangana state is very sound, Reserve Bank of India (RBI).


The latest report released by the RBI on the economic health of different states in the country has come as a booster to the Telangana state as the apex bank has appreciated the state.

It is expected to silence the Opposition parties which are criticising the ruling party of throwing the state into a debt trap. It was the BJP ruled states that are into deep debt and Telangana was ranked at ninth in obtaining loans. Its loans compared to the Gross State Domestic Product (GSDP) was just 16.1 percent which is within the manageable limit. Jammu & Kashmir has 48.7 percent the highest.

The low debt ratio speaks volumes about the Telangana state economy. The investors mainly go by this rank from the apex bank. In terms of revenue earnings, the Telangana state now ranked sixth from 11th position when the state was formed.

Reacting to the report, the IT minister Mr K T Rama Rao felt happy and said the loan repayment and interest payment are very low. The capital expenditure is high and revenue generation is high. “It is delightful to note that in every index of economic health, the Telangana state-ranked one to five, and the state proved its strength as per RBI report,” he said in a Twitter message.

TRS senior leader and MLC Ms Kavitha said the positive report from RBI indicated the vision of chief minister K Chandrasekhar Rao.


By Gollapudi Srinivasa Rao

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