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Telangana's per capita income has gone up from Rs 1,40,683 in 2015-16 to Rs 1,58,360 during the current fiscal.
The overall Gross State Domestic Product (GSDP) of the State at current prices during 2016-17 is expected to be Rs 6,54,294 crore compared with Rs 5,75,631 crore in the preceding year, reflecting a growth of 13.7 per cent.
Presenting the State Budget for 2017-18, Eatala Rajender, State Finance Minister, mentioned that while the per capita income has seen a steady increase, the annual growth in per capita income in the State, which was lower than the national average, has picked up momentum. The current growth shows it is significantly higher than the national average of Rs 1,03,818.
While the growth in all-India annual per capita income declined from 11.5 per cent in 2013-14 to 10.2 per cent in 2016-17, that of Telangana improved from 11.2 per cent to 12.6 per cent in the same period.
He said that in less than three years of the State formation, from a stage where the State was performing below potential, it is expanding across various frontiers. From drought-prone agriculture State, it is heading towards drought proofing the State, he said.
Public debt outstanding is set to touch Rs 1,40,523 crore, accounting for about 18.51 per cent of the Budget Estimate for 2017-18. This includes Rs 1,15,243.87 crore of open market loans, Rs 9331.46-crore loans from Central Government, Rs 3,867-crore loans from autonomous bodies and Rs 12,081-crore loans from special securities (small savings) and provident fund.
This in contrast to a debt of Rs 93,115 crore, accounting for about 16.18 per cent of GSDP of the State during 2015-16.
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