Hyderabad: The latest Statistical Abstract report for Telangana showcases promising growth across multiple sectors, reflecting the state’s economic progress and rising demand for essential goods. One of the most notable highlights is the state’s impressive 12% growth rate in per capita income over the past five years, the highest in the country.
This growth rate places Telangana ahead of many other states, demonstrating its robust economic trajectory. Between 2018 and 2022, Telangana’s per capita income grew significantly, followed closely by Odisha at 11.02% and Karnataka at 10.59%, both measured in current prices.
In the fiscal year 2022-23, Telangana’s per capita income stood at Rs 3.12 lakh, with the projected per capita income for 2023-24 estimated at Rs 3.56 lakh, both based on current prices. Sources indicated that revised estimates will be provided during the upcoming budget session.
In 2022-23, the state’s electricity consumption reached 2,349 units, a remarkable 73% higher than the national average of 1,331 units. This surge reflects the state’s growing industrial and residential energy needs, underscoring its expanding infrastructure and economic development.
Milk and egg production have also seen significant improvements. The per capita availability of milk rose from 321 grams per day in 2014-15 to 423 grams per day in 2022-23. Similarly, per capita egg consumption has grown from 272 eggs per year in 2014-15 to 392 eggs per year in 2022-23, driven by an expanding poultry sector and greater nutritional awareness among residents.
Additionally, the state has seen a notable increase in per capita meat consumption, which grew from 12.95 kg per year in 2014-15 to 23.97 kg per year in 2022-23.
Looking ahead, it is expected that Telangana’s per capita income will double in approximately six years, well ahead of the national average, which is projected to take eight years.
These figures point to the state witnessing steady economic development, with rising incomes, increased consumption of essential goods, and expanding infrastructure, a market expert pointed out.
