Telangana Surpasses All Southern States In Economic Growth: Assocham Report 

Hyderabad: Telangana state has surpassed all southern states and outperformed the national average in attracting investments, according to a report released by the Associated Chamber of Commerce and Industry (Assocham) on Thursday.

The phenomenal growth was due to the “investor friendly policies” of the state government, the report said.

In 2011-12, the region attracted investments worth Rs3.30 lakh-crore from domestic and foreign sources, which went up to Rs5.90 lakh-crore by 2016-17, the report titled ‘Telangana: Analysis of economic growth and investment performance’, said.

Assocham national general secretary DS Rawat and senior managing committee member Babu Lal Jain released the summary of the study on Thursday.

TS has also outperformed the national average in economic growth.

“TS economy grew from 2.7 percent in FY12 to 8.5 percent in FY17 while the all-India average growth increased from 5.4 percent to 6.6 percent,” the study said.

Rising Telangana

• 79% TS average growth rate from financial year (FY) 2012 against the national average of 27%
• 3.3% TS share of total investments worth over Rs177 lakh crore attracted by top industrial states in FY17
• 68.5%TS investment growth rate over three years from FY15 against the national average of 20.8%
• 4%Telangana state share for gross value addition (GVA) across India as of FY17