Business Economy


Telanngana draws inspiration from global Growth models: CM Revanth Reddy

Hyderabad, Dec 8 (UNI) Telangana Chief Minister A. Revanth Reddy said on Monday that after drawing inspiration from the development models of China, Japan, Germany, South Korea and Singapore, Telengana is now preparing to compete with them on the global stage.
Speaking at the Telangana Rising Global Summit here, the Chief Minister said the government has invited these nations to collaborate, invest and support the state in its “Telangana Rising” journey.
Stating that the goals are ambitious yet achievable, Revanth Reddy said Telangana aims to become a $1 trillion economy by 2034 and a $3 trillion economy by 2047. “We comprise 2.9 percent of India’s population but contribute around 5 percent to the national GDP. By 2047, our goal is to contribute 10 percent of India’s GDP,” he said.
Outlining the development strategy, he said Telangana plans to become India’s first state to be distinctly divided into three key zones — services, manufacturing and agriculture.
Citing the example of China’s Guangdong province, he noted that it has emerged as the largest provincial economy in the country and achieved remarkable growth within two decades. “We want to replicate that model in Telangana,” he said.
Revanth Reddy also said that while charting the roadmap for the future, the state continues to draw inspiration from iconic figures like Mahatma Gandhi and Dr. B.R. Ambedkar. “After 10 years, we are now trying to become India’s most developed state and one of the best in the world,” he said.
He said that following the Indian model of Constitution-making, the government has decided to deliberate thoroughly on framing the state’s long-term development path. “TelanganaRising is Unstopabble”, he added.
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