At a time when the country’s economy is weak, the Telangana state secured a prestigious position among the states in the country. Deutsche Bank of India chief economist Kaushik Das in his report ranked Telangana state economy as the third best in the country. The report took into consideration the 2024 budget estimates and studied economies in 17 states. The Maharashtra state topped the followed by Chhattisgarh, Odisha and Telangana states.
The report studies four important parameters – fiscal deficit, tax revenues, borrowings and interest payments in 17 states. West Bengal, Punjab, Bihar, Rajasthan and Uttar Pradesh ranked last in the list. The Gujarat state lost two ranks and came seventh in the list. Andhra Pradesh lost three ranks and came 11th on the list.
Meanwhile, the country’s economy seems to have taken a beating as its borrowings crossed the limit. As against the limit of 40 per cent of the GDP, the Centre’s borrowings are 50 per cent of the GDP in 2023. It has borrowed 18 per cent more than the limit. In the past 67 years, the Centre borrowed Rs. 55 lakhs crore but in the last nine years, Modi government borrowed more than Rs. 100 lakh crore.
By Gollapudi Srinivasa Rao