In 2022-23, it increased to Rs 1.69 lakh in telangana and Rs 1.24 lakh in andhra pradesh, both of which were much more than the national average of Rs 98,374. Notably, despite the state's overall economic development, Telangana's per capita income has remained high. telangana was one of the top ten states in terms of average income in 2020-21. At the time, Delhi, Gujarat, Haryana, Karnataka, and tamil Nadu were ranked higher than Telangana.
Despite the fact that telangana has a high per capita income, the state's growth is unbalanced. Higher per capita income is seen in areas around Hyderabad, such as Rangareddy, Sangareddy, Mahabubnagar, and Medchal-Malkajgiri, which raises the state's average. Of reality, the per capita income of Rangareddy might reach Rs 4.19 lakh. According to the telangana State Statistical Abstract 2022, its bordering district Vikarabad has the lowest per capita income of Rs 78,032.
Telangana has also managed to significantly reduce the scourge of rural unemployment. While 65 out of every 1,000 people in rural telangana were unemployed in 2017-18, this figure is expected to fall to 28 by 2022-23. Rural unemployment in andhra pradesh reduced from 36 to 33 per 1,000 people during the same time period. Unemployment in Telangana's urban regions fell from 94 to 78 per 1,000 people, whereas it stayed nearly unchanged in Andhra Pradesh.