Telangana growth model revealed
Nobel Peace Prize Laureate Kailash Satyarthi, Telangana Governor Jishnu Dev Varma, Chief Minister A Revanth Reddy and other dignitaries during the Telangana Rising Global Summit at Future City in Hyderabad on Monday.
HYDERABAD: Making it clear that the goal was to increase Telangana’s contribution to India’s GDP to 10% by 2047 from the 5% at present, Chief Minister A Revanth Reddy on Monday said that his government aims to model the state’s economic growth on China’s Guangdong province.
Addressing the Telangana Rising Global Summit at Bharat Future City, Revanth pointed out that Guangdong had recorded the highest investment and growth globally within two decades, and added that Telangana was preparing to compete at that scale.
The two-day Summit was inaugurated by Governor Jishnu Dev Varma, who expressed confidence that the state could reach a $3 trillion economy by 2047. Among others present at the inaugural were Union Minister G Kishan Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, Karnataka Deputy Chief Minister DK Shivakumar, Nobel laureate Kailash Satyarthi, World Economic Forum executive Jeremy Jurgens, Trump Media and Technology Group director Eric Swider, TVS Supply Chain Solutions chairperson R Dinesh.
“As we begin our Global Summit, we feel fortunate that leaders from all sectors have come here. Telangana is India’s youngest state. It is full of exciting opportunities. Today, I am more confident than yesterday. Yesterday was a dream, a plan. Today, all of you have joined us. I see you as partners and stakeholders in the journey. With your support, we can achieve all our goals,” Revanth said.
The chief minister said his administration had taken cues from China, Japan, Germany, South Korea and Singapore, and was working towards becoming a $1 trillion economy by 2034 and $3 trillion economy by 2047. “Telangana accounts for about 2.9% of India’s population and contributes around 5% of national GDP. By 2047, we want our contribution to reach 10%,” he said.
The chief minister reiterated that his government would be guided by the CURE, PURE and RARE framework, dividing Telangana into three zones for services, manufacturing and agriculture. He said the Summit marked a step towards long-term planning, with business, policy and diplomatic leaders joining as stakeholders.
Revanth said the Telangana movement reflected long years of people’s struggle. He credited former Congress president Sonia Gandhi and former prime minister Manmohan Singh for enabling statehood. “Now, we are trying to become one of the most developed states in India,” Revanth said.
The chief minister said the Telangana Rising 2047 vision document was shaped through consultations with citizens, officials, academic institutions such as the Indian School of Business, and bodies including NITI Aayog.
He said that following the Indian model of constitution making, his government decided to deliberate upon the state’s future.
A collective thought: CM
Revanth revealed that the government asked experts to tell it what can be achieved by 2047, when India will celebrate its 100 years of Independence. “This is how the dream of Telangana Rising 2047 was born,” he said.
“In Telangana culture, when we want to do something great, it is important to take blessings from our Gods. Then we ask for the support of people. We asked our citizens, who told us their expectations, their dreams. Then we took help from our officers, asked for help from experts in the Union government, then Indian School of Business, and finally NITI Aayog. My thanks to all of them for helping create this vision,” the chief minister said.
“When India achieved Independence, our founding fathers made a tryst with destiny. The time has come to build a great country,” he said.
