Posted: Updated – 10:54PM Sat – 11/19/22
India’s economy has shown extraordinary resilience to the multiple shocks it has encountered since early 2020, RBI says
Hyderabad: The Reserve Bank of India on Saturday released the Statistical Booklet for the Indian states. The Reserve Bank of India stated that the Indian economy has shown extraordinary resilience to the multiple shocks it has encountered since the beginning of 2020, and has maintained the momentum of growth recovery while maintaining macro stability.
Reflecting the success of the irrigation project and the rejuvenation of the state’s water tanks, rice production in 2020-21 has surpassed 10 million tonnes. When the country was formed in 2014-15, the figure stood at 4.44 million tonnes. Since then, it has increased to 6.26 million tons in 2017-18, 6.67 million tons in 2018-19 and 7.42 million tons in 2019-20. Rice planted area increased from 1.04 million hectares in 2014-15 to 3.18 million hectares in 2020-21.
Telangana’s GDP (at current prices) will be Rs 1,148 trillion in 2021-22, up from Rs 505 trillion in 2014-15, an increase of 127%. Telangana ranked third in ease of doing business in 2019, second in 2017, first in 2016 and 13th in 2015.
The state’s own tax revenue in 2021-22 is Rs 9,291 crore (budget estimate). According to the revised estimates, the expenditure for 2020-21 stands at Rs 76,196 crore. Own tax revenue for 2014-15 was 292.88 crore. Non-tax revenue for 2021-22 is Rs 3,055.7 crore (budget estimate) and Rs 193,060 crore for 2020-21 (revised estimate). Revenue for 2014-15 was Rs 6,447 crore.
The state’s social sector expenditure is Rs 98 crore, Rs 4.25 crore in 2021-22 (budget estimate) and Rs 7,007.8 crore in 2020-21 (revised). Rs 24,434 crore in 2014-15.
In 2021, Telangana’s forest cover reached 21,214 sq km, up from 20,582 sq km in 2019 and 19,854 sq km in 2015.
Electricity available per capita increases from 1,152 kWh in 2014-14 to 2,005 kWh in 2021-22. Available electricity in 2021-22 is 70.52 billion units, up from 49.95 billion units in 2016-17.
Installed capacity in 2021-22 will reach 18,069 MW, almost double the 9,470 MW in 2014-15. The installed capacity of grid-connected interactive renewable energy increased from 91 MW in 2015 to 4,378 MW.
National highways have increased from 2,687 kilometers in 2015 to 4,926 kilometers. As of March 2019, the total mileage of national highways reached 2,149 kilometers.
Cold storage capacity in Telangana reached 411,000 metric tons. The Reserve Bank of India has reported that the gross value added of the country’s construction sector in 2021-22 will be Rs 39,202 crore, up from Rs 35,230 crore in 2020-21.
