In fiscal 2023-24, GSDP of Telangana showed an increase in current prices from ₹13,02,371 crore in 2022-23 to ₹14,49,708 crore.
However, the economic growth rate declined from 14.7% in 2022-23 to 11.3% 2023.24 during the same period. Rate of growth at national level showed a sharper decline, from 16.1% to 8.9%. Consequently, Telangana’s growth was higher by 2.4 percentage points.
Economic growth rate in Telangana, in constant prices, declined by 1 percentage point to 6.5% in 2023-24 from 7.5% in previous year whereas increase in growth was marginal a 0.1% at national level. Thus Telangana economy experienced a sharp decline, says the finance minister.
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