With rising debt and modest revenue growth, the State must balance ambition with fiscal prudence to secure sustainable and inclusive development

By Dr Neeraj Kumar, Dr Maya K

The story of Telangana’s public finances is less about arithmetic and more about direction — the choices a State makes to define its growth path. Telangana’s fiscal record tells a tale of remarkable expansion, large-scale investment, and emerging fiscal pressures. The Gross State Domestic Product (GSDP) stood at Rs 9,69,604 crore in 2019-20 and rose to Rs 15,01,981 crore in 2023-24, a clear sign of rapid economic growth and developmental intent.

The Annual Accounts for 2023-24, prepared by the Principal Accountant General (Accounts & Entitlement), Telangana, on behalf of the Comptroller and Auditor General of India

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