The Union Finance minister, Ms Nirmala Sitaraman in her written reply released the list of states that are debt-ridden, the five BJP-ruled states are on top. Telangana is ranked 11th on the list Rs 3,12,191.3 crore which is low compared to the GSDP.
Tamilnadu topped the list with a debt of Rs 6,59,868.9 crore; Uttar Pradesh with Rs 6,53,307.5 crore, Maharashtra with Rs 6,08,999.7 crore, West Bengal with Rs 5,62,697.2 crore.
Ms Sitaraman said debts raised by Public Sector Units and for their Special Purpose Vehicle would be added to the debt of respective states.
Meanwhile, the Centre or opposition parties in the state are unaware that Telangana has created an industry-friendly environment, offering quality uninterrupted power supply and other incentives to investors. This has resulted in the growth of small and medium-scale enterprises (MSMEs) in the state and helped provide more employment.
From April 1, 2021, to March 31, 2022, in the last two years, a total of 494 MSMEs were closed down in Uttar Pradesh, 492 in Gujarat, and 272 in Karnataka while the number is very low in Telangana with 128.
The Telangana government is encouraging more MSMEs in the state and as per TSiPASS records, as many as 16,365 units started their operations from January 2015 to January 2022 employing a total of 2.44 lakh people.
By Gollapudi Srinivasa Rao