In a remarkable display of financial prudence, Telangana has emerged as a top performer in fiscal management across Indian states. A popular journal Economic and Political Weekly (EPW) has acknowledged Telangana’s growth story in its recent report.
The state has not only consolidated its financial position but has also risen to the forefront in managing both resources and debt. Telangana ranked 2nd in both the Resource Management Index and Debt Management Index among general category states, according to the EPW’s latest data. These rankings, covering the period from 2014-15 to 2022-23, underscore the state’s consistent efforts to maintain fiscal discipline and manage its financial resources effectively.
In Resource Management, Telangana scored an impressive 0.813, positioning itself just behind Goa and far ahead of several large states like Maharashtra and Karnataka. In Debt Management, Telangana’s score of 0.595 secured it the 2nd position, with only Odisha outperforming it. The state’s efficient handling of public debt, combined with a strategic focus on sustainable financial policies, places it among the most financially sound states in India.
These achievements are a testament to the vision and governance of the previous BRS government led by KCR. Since the formation of Telangana in 2014, the state has taken significant strides in infrastructure development, welfare schemes, and industrial growth, all while maintaining strict financial discipline.
Contrary to the false narrative being pushed by opposition parties, particularly the Congress, claiming that Telangana is bankrupt, these rankings decisively shut down such claims.