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Telangana Aims for $3 Trillion Economy by 2047, Says CM Revanth Reddy
Hyderabad: Telangana Chief Minister Revanth Reddy has announced ambitious economic goals for the state, setting a target of achieving a $3 trillion economy by 2047. Speaking at the inaugural “Telangana Rising Global Summit” in Future City, Reddy outlined his vision for the state’s future, aligning with the central government’s target of a $30 trillion economy for India by the same year.
“We are setting new goals for 2047 and moving forward. Our aspiration is for Telangana to grow into a $3 trillion economy by 2047,” Reddy stated. He invited industrialists and economists to contribute ideas and opinions to help realize this goal.
The Chief Minister emphasized Telangana’s current contribution to the national economy, noting that while the state represents just 2.9% of the country’s population, it contributes 5% of the national income. He expressed his ambition for Telangana to account for 10% of India’s GDP by 2047.
Reddy highlighted the state’s innovative approach to regional development, dividing Telangana into three distinct zones focused on services, manufacturing, and agriculture – dubbed “Cure, Pure, Rare” zones. He cited China’s Guangdong province as an inspiration, aiming to replicate its success in attracting investment. He also named China, Japan, Germany, South Korea, and Singapore as model economies for Telangana to emulate.
The “Telangana Rising Global Summit,” a two-day event attracting prominent figures from India and abroad, aims to showcase the state’s potential and foster collaborations to drive economic growth. The summit is being held at Bharat Future City.
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