Hyderabad, Mar 20 (PTI) Telangana’s economy witnessed a robust expansion in fiscal 2024-25 with its Gross State Domestic Product (GSDP) at current prices valued at Rs 16.12 lakh crore, reflecting a growth rate of 10 per cent, said Socio Economic Outlook for 2025.

Its per capita income for 2024-25 at current prices is estimated at Rs 3.79 lakh, growing at 9.6 per cent and indicating an overall improvement in living standards, employment opportunities and economic development, said the Economic Outlook on Wednesday.

"The state’s economy has witnessed robust expansion, particularly in the IT sector, driven by strategic budgetary allocations for industry and technology," said the Economic Outlook.

According to the Economic Outlook, the primary sector continues to be the largest employer, accounting for 42.7 per cent employment, followed by secondary sector (22.5 per cent) and tertiary sector (34.8 per cent).

Further, it noted that the southern state recorded the highest share of its own tax revenue (SOTR), amounting to 88 per cent of its total tax revenue for the period from April to November.

Incidentally, the service sector remains the major contributor to Telangana’s economy, amounting to 66.3 per cent of the Gross State Value Added (GSVA) in FY25 at Rs 9.8 lakh crore.

On the health front, Telangana increased the health insurance limit under Rajiv Aarogyasri from Rs 5 lakh to Rs 10 lakh per family annually.

As per the Economic Outlook, 97 per cent deliveries in the landlocked state are occurring in health facilities for safer childbirth and improved maternal and neonatal healthcare outcomes.

Telangana has made significant progress in environmental conservation, with forest cover spanning 27,688 sq km, accounting for 25 per cent of the state’s geographical area, surpassing the national average of 24 per cent, said the Economic Outlook.

The state aims to expand forest cover to 33 per cent, managing 12 protected areas, nine wildlife sanctuaries and three national parks, among other initiatives. PTI STH SJR KH

Health insurance limit increase expands social protection while state economic growth and environmental commitments guide fiscal priorities. Telangana's economy grew by ten percent in fiscal 2024-25 with per capita income rising nearly ten percent; the service sector drove Gross State Value Added while the primary sector remained the largest employer and own tax revenue represented a high share of total tax collections. Policy measures include doubling the Rajiv Aarogyasri health insurance limit, increased facility births for maternal and neonatal health, and commitments to expand forest cover and manage protected areas and sanctuaries.