Undivided Andhra Pradesh (Andhra Pradesh plus Telangana) now accounts for 9.7 percent (of the nation's GDP), an increase of 2.1 percentage points since 1990-91 with most of the increase in share accounted for by Telangana.
Published Sep 18, 2024 | 8:37 PM ⚊ Updated Sep 18, 2024 | 10:18 PM
(Representational image/Creative commons)
Even after being the newest state in India, Telangana — bifurcated from Andhra Pradesh in 2014 — became the state with the second-highest per capita income in the country among the large states in 2023-2024, according to the Economic Advisory Council (EAC) to the Prime Minister.
The per capita income in Telangana is 194 percent compared to the national average, only below Delhi’s 250 percent.
The report titled Relative Economic Performance of Indian States: 1960-61 to 2023-24 said Southern states emerged as top performers in terms of per capita income since the 1990s.
It noted that following the economic liberalisation, the southern states, especially Karnataka and Telangana emerged as economic powerhouses.
“Undivided Andhra Pradesh (Andhra Pradesh plus Telangana) now accounts for 9.7 percent (of the nation’s GDP), an increase of 2.1 percentage points since 1990-91 with most of the increase in share accounted for by Telangana. After bifurcation, share of Andhra Pradesh has remained broadly flat,” it said.
Performance of Southern States – GDP share (2023 – 24)
Telangana contributed 4.9 percent of the nation’s GDP while Andhra Pradesh contributed 4.7 percent.
The report added that the southern states together account for 30.6 percent of India’s GDP in 2023-24.
An average person in Telangana now has income level 94 percent higher than the national average, while that of Karnataka and Tamil Nadu has 81 percent and 71 percent higher respectively, it said.
The report said Andhra Pradesh and Telangana have grown at quite different rates after the bifurcation, with Telangana’s growth being significantly higher.
“As a result, relative per capita income of Telangana has increased to 193.6 percent in 2023-24, whereas that of Andhra Pradesh is 131.6,” it said.
Even though Telangana was formed in 2014, the data from 2010-2011 was available for consideration, said the EAC. The per capita income of Telangana grew from 123.9in 2010-2011 to 177.4 in 2020-2021 and further went to 193.6 in 2023-2024.
Among other Southern states, Tamil Nadu contributes 8.9 percent to the nation’s GDP, Kerala has 3.8 percent and Karnataka has 8.2 percent.
(Compiled by SF Desk)
