Hyderabad: Telangana Governor Shiv Pratap Shukla on Monday said the State government has prepared a roadmap under Vision-2047 to transform Telangana into a $3 trillion economy.
Addressing the joint session of the State Legislature at the beginning of the Budget Session, the Governor said the state’s per capita income has reached ₹4.18 lakh, indicating steady economic progress.
He said the government is implementing development strategies under the CURE, PURE and RARE models to accelerate growth across sectors. Under the CURE model, priority is being given to urban development and infrastructure expansion.
The Governor said the urban population of the state is projected to reach 53.8 per cent by 2031. To improve governance and service delivery, the government has reorganised the Greater Hyderabad Municipal Corporation into three corporations and the Hyderabad Metropolitan Region into four commissionerates.
He also stated that HYDRAA has helped in protecting government assets by safeguarding about 1,045 acres of land valued at nearly ₹60,000 crore.
Highlighting welfare and development initiatives, the Governor said the government plans to extend loans worth ₹1 lakh crore to Self-Help Groups to strengthen women’s economic empowerment and has filled 67,763 government jobs.
He said ₹20,616 crore has been spent on farm loan waivers, while ₹8,744 crore was disbursed to farmers under the Rythu Bharosa scheme.
The Governor said IT exports from the state have reached ₹3.13 lakh crore and the sector provides employment to around 9.39 lakh people. He added that Telangana continues to attract investments, with BioAsia drawing investment proposals worth ₹1,700 crore.
The Budget Session will continue with the presentation of the State Budget on March 20, followed by general discussions from March 23 to 26.
