Business·

Telangana’s per capita income rises to Rs 4.18 lakh in 2025-26, says CM Revanth Reddy

Telangana’s per capita income rises to Rs 4.18 lakh in 2025-26, says CM Revanth Reddy

Telangana's per capita income increases to Rs 4,18,931 for 2025-26, a growth of 10.23% from the previous year, as announced by CM Revanth Reddy.

Telangana Chief Minister A Revanth Reddy on Saturday praised the state’s economic progress under the Congress government, announcing that the per capita income for 2025-26 has increased to Rs 4,18,931 from Rs 3,80,031 the previous year. This represents a rise of Rs 38,900 and a growth rate of 10.23% in a single year. In a post on X, CM Reddy emphasised the “Telangana Rising” vision, which aims to transform the state into a $1 trillion economy by 2034 and a $3 trillion SDGP by 2047. “TelanganaRising: New horizons, newer heights. Since Congress came to power in December, 2023, #Telangana is achieving new heights. We are India’s top performing states. Our per capita income for this year (2025-26) is Rs 4,18,931 per person; an increase from Rs 3,80,031 in the last year. We grew by 10.23 % in a single year, an increase of Rs 38,900,” he wrote. Reddy attributed this success to efforts that included a focus on economic growth, investments, job creation, balanced development across sectors, and a shift from ad hoc measures to policy-based governance. He also mentioned diligent work, constant reviews, attention to detail, and ongoing engagement with stakeholders as key factors. “We have reversed a decade of failed governance, sense of gloom and have infused optimism and hope in every citizen and every aspect of governance. Women, farmers and youth are the biggest beneficiaries of our success. And the coming years will see greater success of my people and state,” he added. Earlier, Revanth Reddy invited investors to establish industries in Telangana, describing the state as both a crucial and safe investment destination in India. At the 3rd meeting of the CII Northern Regional Council 2026-2027, the Chief Minister outlined the “Telangana Rising – Vision 2047” and detailed government initiatives aimed at achieving a $1 trillion economy by 2037 and a $3 trillion economy by 2047. The meeting also included discussions about the construction of ‘Bharat Future City’ across 30,000 acres, with a master plan being prepared by a Singapore-based company. The project was compared to Gujarat’s GIFT City, which covers 700 acres.

This is a summary. Read the full article at the original source.

Read full article at thenewsmill