Telangana has been in existence for nine years, and people of the new state have enjoyed a far bigger increase in their income than those of its parent state, Andhra Pradesh. In the nine years running up to 2022-23, the gap in per capita income between the two states more than doubled. In 2014-15, Telangana's average income was Rs 1.01 lakh, whereas Andhra Pradesh's was Rs 79,174.

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.

Industries have had a significant role in driving up average income and lowering the unemployment rate. Industrial output in andhra pradesh increased by 64% in fiscal year 2023 compared to FY2015 levels, while it increased by 76% in Telangana. Infrastructure improvements have accompanied industrial expansion. In 2014-15, andhra pradesh had a per capita availability of 1,140 kilowatt-hours, while telangana had 1,152 kilowatt-hours. In andhra pradesh, it increased to 1,453 kWh, while in telangana, it nearly quadrupled to 2,212 kWh.
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G GOWTHAM

28/11/2023 10:25 AM