Hyderabad: Chief Secretary K. Ramakrishna Rao highlighted Telangana economic progress to a high-level delegation from the U.S.-India Strategic Partnership Forum at the Secretariat on Tuesday.
The delegation included representatives from companies in insurance, financial services, agriculture and technology sectors. During the meeting, the Chief Secretary outlined Telangana economic progress across multiple sectors.
He said Telangana, formed in 2014, recorded significant growth over the past decade. The state registered strong gains in Gross State Domestic Product and per capita income. Both government and private investments drove this growth.
Telangana economic progress driven by urbanisation and industry
Rapid urbanisation supported Telangana economic progress, the Chief Secretary said. Nearly one-third of the population lives in and around Hyderabad. As a result, the state ranks among the fastest urbanising in India.
He described Hyderabad as the country’s pharma capital and a leader in information technology. Its legacy of public sector undertakings supported the rise of startups, especially in the defence sector.
The city also attracted major investments in Global Capability Centres. In addition, it hosts reputed educational institutions, advanced healthcare facilities and a strong fintech ecosystem.
The Chief Secretary said Telangana economic progress rests on several strengths. These include a favourable climate, skilled manpower, cultural heritage and well-known cuisine. Together, these factors make the state an attractive investment destination.
He added that Telangana remains among the fastest-growing states in India. The state has set a target of becoming a $3 trillion economy by 2047. He assured the delegation of continued government support for investments.
Director of Industries Nikhil Chakravarthy attended the meeting. Malachy Brian Nugent, R Deepak Joshi and Divdrisht Singh from the forum were also present. Representatives of various companies joined the interaction.