Economy of Telangana
http://dbpedia.org/resource/Economy_of_Telangana an entity of type: Thing
Telangana is one of the fastest-growing states in India posing average annual growth rate of 13.90% over the last five years. Telangana's nominal gross state domestic product for the year 2020-21 stands at ₹12.05 lakh crore (US$170 billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by IT services with the State holding leading position in IT & ITeS in the country in terms of production and exports. Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.
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Economy of Telangana
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Financial District Hitech City road Hyderabad
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Agriculture
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Telangana is one of the fastest-growing states in India posing average annual growth rate of 13.90% over the last five years. Telangana's nominal gross state domestic product for the year 2020-21 stands at ₹12.05 lakh crore (US$170 billion). Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by IT services with the State holding leading position in IT & ITeS in the country in terms of production and exports. Agriculture also form a backbone of Telangana's Economy. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important local crops are cotton, sugar cane, mango and tobacco. Recently, crops used for vegetable oil production, such as sunflower and peanuts, have gained favour. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects. The state has also started to focus on the fields of information technology and biotechnology. There are 68 Special Economic Zones in the state. Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.
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