Economy of Telangana
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Telangana Telangana (; , ) is a state in India situated on the south-central stretch of the Indian peninsula on the high Deccan Plateau. It is the eleventh-largest state and the twelfth-most populated state in India with a geographical area of and 35 ...
is one of the fastest-growing states in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...
posing average annual growth rate of 13.90% over the last five years. Telangana's nominal gross state domestic product for the year 2020-21 stands at ₹12.05 lakh crore (US$170 billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by
IT services Information technology service management (ITSM) is the activities that are performed by an organization to design, build, deliver, operate and control information technology (IT) services offered to customers. Differing from more technology-or ...
with the State holding leading position in IT & ITeS in the country in terms of production and exports. Agriculture also form a backbone of Telangana's Economy. Two important rivers of India, the
Godavari The Godavari ( IAST: ''Godāvarī'' od̪aːʋəɾiː is India's second longest river after the Ganga river and drains into the third largest basin in India, covering about 10% of India's total geographical area. Its source is in Trimbakesh ...
and
Krishna Krishna (; sa, कृष्ण ) is a major deity in Hinduism. He is worshipped as the eighth avatar of Vishnu and also as the Supreme god in his own right. He is the god of protection, compassion, tenderness, and love; and is on ...
, flow through the state, providing
irrigation Irrigation (also referred to as watering) is the practice of applying controlled amounts of water to land to help grow crops, landscape plants, and lawns. Irrigation has been a key aspect of agriculture for over 5,000 years and has been devel ...
. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important local crops are cotton, sugar cane, mango and tobacco. Recently, crops used for
vegetable oil Vegetable oils, or vegetable fats, are oils extracted from seeds or from other parts of fruits. Like animal fats, vegetable fats are ''mixtures'' of triglycerides. Soybean oil, grape seed oil, and cocoa butter are examples of seed oils, or f ...
production, such as
sunflower The common sunflower (''Helianthus annuus'') is a large annual forb of the genus ''Helianthus'' grown as a crop for its edible oily seeds. Apart from cooking oil production, it is also used as livestock forage (as a meal or a silage plant), ...
and peanuts, have gained favour. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects. The state has also started to focus on the fields of
information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology syste ...
and
biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used ...
. There are 68
Special Economic Zones A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
in the state. Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.


Agriculture and Livestock

Rice is the major
food crop A crop is a plant that can be grown and harvested extensively for profit or subsistence. When the plants of the same kind are cultivated at one place on a large scale, it is called a crop. Most crops are cultivated in agriculture or hydropon ...
and
staple food A staple food, food staple, or simply a staple, is a food that is eaten often and in such quantities that it constitutes a dominant portion of a standard Diet (nutrition), diet for a given person or group of people, supplying a large fraction of ...
of the state. Other important crops are tobacco, mango, cotton, and
sugar cane Sugarcane or sugar cane is a species of (often hybrid) tall, perennial grass (in the genus '' Saccharum'', tribe Andropogoneae) that is used for sugar production. The plants are 2–6 m (6–20 ft) tall with stout, jointed, fibrous stalk ...
. Agriculture has been the chief source of income for the state's economy. Important rivers of India, the
Godavari The Godavari ( IAST: ''Godāvarī'' od̪aːʋəɾiː is India's second longest river after the Ganga river and drains into the third largest basin in India, covering about 10% of India's total geographical area. Its source is in Trimbakesh ...
,
Krishna Krishna (; sa, कृष्ण ) is a major deity in Hinduism. He is worshipped as the eighth avatar of Vishnu and also as the Supreme god in his own right. He is the god of protection, compassion, tenderness, and love; and is on ...
flow through the state, providing
irrigation Irrigation (also referred to as watering) is the practice of applying controlled amounts of water to land to help grow crops, landscape plants, and lawns. Irrigation has been a key aspect of agriculture for over 5,000 years and has been devel ...
. Apart from major rivers, there are small rivers as Tunga Bhadra, Bima, Dindi, Kinnerasani, Manjeera, Manair, Penganga, Pranahitha, peddavagu and Taliperu. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and
Nagarjuna Sagar Dam Nagarjuna Sagar Dam is a masonry dam across the Krishna River at Nagarjuna Sagar which straddles the border between Nalgonda district in Telangana and Palnadu district in Andhra Pradesh. The dam provides irrigation water to the Nalgonda, Sur ...
, the world's highest masonry dam. Given below is a table of 2015 national output share of select agricultural crops and allied segments in Telangana based on 2011 prices
Agri Export Zone An Agri Export Zone or AEZ is a specific geographic region in a country demarcated for setting up agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of seden ...
s for the following produce are proposed at the places mentioned against them: *
Gherkin A pickled cucumber (commonly known as a pickle in the United States and Canada and a gherkin in Britain, Ireland, South Africa, Australia, and New Zealand) is a usually small or miniature cucumber that has been pickled in a brine, vinegar, or ...
s –
Mahaboobnagar Mahabubnagar is a city in Mahabubnagar District of the Indian state of Telangana named after the 6th Nizam, Mahboob Ali Khan. It is the headquarters of Mahabubnagar mandal in Mahabubnagar revenue division. The city is also the largest in the ...
,
Rangareddy Ranga Reddy district ( R. R. district) is a district in the Indian state of Telangana. The district headquarters is located at Lakdikapool, Hyderabad. The district was named after the former deputy chief minister of the United Andhra Pradesh, ...
,
Medak Medak is a town in Medak district of the Indian state of Telangana. It is a municipality and the headquarters of Medak mandal in Medak revenue division. And There is a river named srujan which is big in length. Etymology and History Medak wa ...
,
Karimnagar Karimnagar is also known as Elagandula (Ancient name) is a city and District Headquarters in the Indian state of Telangana. Karimnagar is a major urban agglomeration and fifth largest City in the state. It is governed by Municipal corporation a ...
,
Warangal Warangal () is a city in the Indian state of Telangana and the district headquarters of Warangal district. It is the second largest city in Telangana with a population of 704,570 per 2011 Census of India, and spreading over an . Warangal ser ...
*
Mangoes A mango is an edible stone fruit produced by the tropical tree ''Mangifera indica''. It is believed to have originated in the region between northwestern Myanmar, Bangladesh, and northeastern India. ''M. indica'' has been cultivated in South ...
and
Grapes A grape is a fruit, botanically a berry, of the deciduous woody vines of the flowering plant genus ''Vitis''. Grapes are a non- climacteric type of fruit, generally occurring in clusters. The cultivation of grapes began perhaps 8,000 years ago, ...
- Hyderabad, Rangareddy, Medak, Mahaboobnagar Telangana is developing into a seed hub in India, and was selected as a certifying agency as per OECD standards, for 10 states. The state cultivated seeds in 2,251 acres and exported 17,000 quintals to countries like Sudan, Egypt, Philippines and in 2017-18, it expanded cultivation to 2,567 acre and was expecting yield of 26,000 quintals.


Industries

Several major manufacturing and services industries are in operation mainly around
Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern Indi ...
. Automobiles and auto components industry, spices, mines and minerals, textiles and apparels,
pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the medical field and ...
, horticulture, poultry farming are the main industries in Telangana. The state government is in the process of developing Industrial Parks at different places, for specific groups of industries. The existing parks are Software Park at Hyderabad, HITEC City for software units, Apparel Park at
Gundlapochampalli Gundlapochampalle or Gundla Pochampalli is a village in Medchal mandal of Rangareddi district, Telangana Telangana (; , ) is a state in India situated on the south-central stretch of the Indian peninsula on the high Deccan Plateau. It is ...
, Export Promotion Park at Pashamylaram, Bio-technology park at Turkapally.


Services


Information Technology

In terms of services, Hyderabad is usually nicknamed as Cyberabad due to its information technology foray and location of major software industries in the city. Prior to secession, it contributed 15% to India's and 98% to Andhra Pradesh's exports in IT and ITES sectors last 2013, with Hyderabad as in the front line of Telangana's aims to promote information technology in India, the city boasts the
HITEC City The Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is an Indian information technology, engineering, health informatics, and bioinformatics, financial business district located in Hyderabad, Tela ...
as its premier hub.


Tourism

Telangana State Tourism Development Corporation The Telangana State Tourism Development Corporation (TSTDC) is a state government agency which promotes tourism in Telangana, India. Aims The aim of TSTDC is to provide infrastructure, conveyance and other facilities to tourists visiting Telang ...
(TSTDC) is a state government agency which promotes tourism in Telangana. Telangana has a variety of tourist attractions including historical places, monuments, forts, water falls, forests and temples.


See also

* List of districts in Telangana by GDP


References

{{Economy of India topics