Telangana's vision is to achieve a $3 trillion State GDP by $.
- AOption (a)
2035
- BOption (b)
2047
- COption (c)
2042
- DOption (d)
2030
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Correct answer
2047
Why this answer is correct
The correct answer is 2047.
Key Points
- The Government of Telangana has formulated a strategic long-term vision to elevate the state's Gross State Domestic Product (GSDP) to 3 trillion dollars by the year 2047.
- This ambitious economic roadmap is integrated with the broader national objective of Viksit Bharat @ 2047, which aims to transform India into a developed nation by the centenary of its independence.
- The vision emphasizes a multi-sectoral growth strategy, focusing on high-value industries such as Information Technology (IT), Biotechnology, Aerospace, and Precision Engineering to drive the economy forward.
- To achieve this 3 trillion dollar milestone, the state plans to leverage its capital, Hyderabad, as a global hub for the Fourth Industrial Revolution (4IR) and Artificial Intelligence (AI).
- The roadmap includes significant investments in infrastructure, such as the Regional Ring Road (RRR) and the development of Future Cities, to facilitate seamless trade and industrial expansion.
- Strategic policy interventions are designed to maintain a consistent Double-Digit Growth Rate over the coming decades, ensuring that Telangana remains a primary engine of India's economic growth.
- Therefore, the year 2047 is the target year for achieving this specific economic scale.
Additional Information
- Viksit Telangana Framework:
- Economic Diversification: The state is moving beyond traditional services into Semiconductor Manufacturing and Green Energy to ensure a resilient 3 trillion dollar economy.
- Per Capita Income: Telangana currently boasts one of the highest Per Capita Incomes in India, which serves as a foundational strength for the 2047 vision.
- Urbanization and Growth: The state government is focusing on creating Industrial Clusters in tier-2 and tier-3 cities like Warangal, Khammam, and Karimnagar to decentralize growth.
- Life Sciences Ecosystem: Telangana aims to capture a significant share of the global pharmaceutical market, targeting a sectoral valuation of 250 billion dollars by 2030 as a stepping stone toward the final 2047 goal.