Governor ESl Narasimhan on Thursday hailed the progress of the newly formed State of Telangana on the path of development and prosperity and said that the State had set a target of becoming the number one State in the country by achieving 15% growth rate in 2016-17.
In his customary address to the joint session of the State legislature in Hyderabad on the first day of the Budget Session the Governor said that within 21 months of its formation Telangana was marching ahead victoriously by solving all its major problems.
The economy of the State was expected to grow at 11.7 per cent in 2015-16 as per the advanced estimates of the State’s gross domestic product as against the projected national growth of 8.6 per cent, Governor Narasimhan said.
“Telangana’s GSDP is estimated to be Rs5.83 lakh crore in 2015-16 at current prices which marks an important milestone in the growth of State economy,” he said.
The Governor said that the Government created a record by passing an annual Budget of more than Rs1.15 lakh crore for the financial year 2015-16.
“Under this the per capita plan allocation has almost doubled compared to financial year 2013-14 in the combined State. This is by itself testimony of commitment of my Government to significantly improve public spending for development of the state,” he said.
As per advance estimates of 2015-16, the per capita income of the state at current prices was likely to increase to Rs1,43,023 from Rs1,29,182 in 2014-15 as against the national per capita income of Rs93,231.
The industrial growth was expected to reach 11 percent in the current financial year making Telangana one of the fastest growing industrial states in the country, the governor said.
listing out the achievements of the State the Governor mentioned the schemes like Mission Bhagirath, Mission Kakatiya aimed at improving the water availability for irrigation and drinking and also double bed room house scheme for the poor. “45000 lakes have been restored in the state under Mission Kakatiya”, he said.
Referring to the Kanya lakshmi scheme to provide financial assistance for the marriage of the poor girls, he announced that the same will now be extended to the backward classes families and also a new scheme Arogya lakshmi will be launched for the pregnant.
Mentioning the efforts to make Hyderabad a clean city, he said that under the Swachcha Bharat scheme, 41 lakh plastic dustbins were distributed in the city.
On the achievements under the new IT policy of the state governor said that very soon four top most IT companies in the world will set up their largest development centers outside the US in Hyderabad city. The IT sector recorded huge exports of Rs68258 crore, he added.