Chief minister K Chandrashekar Rao has said that the state’s budget would touch Rs 1.60 lakh crore by 2019.
Addressing the 125th birth anniversary celebrations of former deputy chief minister Konda Venkata Reddy on AV College premises here on Saturday, Rao said Telangana was a developed state in the past too. That was why the visionary leader KV Reddy opposed the merger of AP with Telangana. Quoting financial experts, Rao said that Telangana had 12 per cent growth rate.
He said financial experts predicted the state budget size to be around Rs 1.60 lakh crore by 2019, if the growth rate sustained at the present level. By 2019 the total installed power capacity of the state would be around 25,000 MW and the state would soon become power surplus, he said.
“The state government is investing Rs 90,000 crore in the next four years on power sector,” Rao said adding that the state was also ahead of other states in the country in welfare measures.
Explaining Mission Bhagiratha programme, Rao said states like Bihar, Bengal and Uttar Pradesh took inspiration from Telangana in providing safe drinking water to the people.
Earlier, the chief minister offered floral tributes to Reddy. “KV Reddy always thought of the development of Telangana,” he said adding that a government institution would named after KV Reddy.