The young Telangana state has achieved a great feat. Its contribution to the Gross Domestic Product (GDP) of the country grew by 72% in last six years It is standing as a backbone to the country’s economy living up to the expectations of CM Mr KCR. He has been stating this that ‘increase income and distribute it among people’ and it came true within a short period of time.
The Telangana state put up this spectacular performance in the last six years. This was stated by the central government in Parliament replying to a question by Rajya Sabha CPI (M) member John Bitras. The union minister of state for finance Pankaj Choudhary stated this. The Telangana state ranks 11th in the country geographically and 12th position in terms of population.
A country’s economy is measured in terms of GDP and Telangana’s contribution is impressive towards this, the Central government has agreed. The per capita income of Telangana state was Rs. 1,79,358 in 2017-2018 and ranked 10th in the country. By the time state was formed in 2014, the per capita income in 2014-2015 was Rs. 1,24,104. In 2022-2023, the country’s per capita income was Rs. 1,72,000 while the Telangana state per capita income in 2022-2023 is Rs. 3,08,732.
However, the Central government has been discriminating against Telangana state by restricting its share of taxes to just six per cent. Instead of encouraging the progressive that is contributing to the country’s economy, the centre is depriving the state of its due share in fund devolution. The Centre is supposed to give 41 per cent of its tax revenues to states but it is giving only 29.6 per cent. Despite the repeated pleas, nothing changed.
By Gollapudi Srinivasa Rao