Telangana's economy witnessed a robust expansion in fiscal 2024-25 with its Gross State Domestic Product (GSDP) at current prices valued at Rs 16.12 lakh crore, reflecting a growth rate of 10 per cent, said Socio Economic Outlook for 2025.
Its per capita income for 2024-25 at current prices is estimated at Rs 3.79 lakh, growing at 9.6 per cent and indicating an overall improvement in living standards, employment opportunities and economic development, said the Economic Outlook on Wednesday.
"The state's economy has witnessed robust expansion, particularly in the IT sector, driven by strategic budgetary allocations for industry and technology," said the Economic Outlook.
According to the Economic Outlook, the primary sector continues to be the largest employer, accounting for 42.7 per cent employment, followed by secondary sector (22.5 per cent) and tertiary sector (34.8 per cent).
Further, it noted that the southern state recorded the highest share of its own tax revenue (SOTR), ..