Hyderabad: With an eye on 2047, Telangana has laid out an aggressive roadmap to leap from steady growth to a high-speed economic transformation, aiming to bridge the wide gap between its projected $1.21 trillion economy under business as usual and an ambitious $3 trillion target.According to the Socio-Economic Outlook-2026, the state’s strategy rests on three core pillars—human capital, productivity and investment—designed to work together and accelerate growth. At the heart of the plan is human capital development. The govt aims to push its growth rate to 1.75 times the current trajectory through increased investments in education, healthcare, research and skill development. By enhancing human capital, the state seeks to empower its workforce with the knowledge and skills necessary to thrive in a fast-evolving economy. The second pillar targets productivity enhancement, with a push to raise total factor productivity growth to 1.7 times existing levels. The state plans to strengthen ecosystems around science, technology and innovation, with the goal of driving efficiency and output across sectors. By fostering an environment conducive to innovative practices and technological advancement, the state aspires to optimise productivity across various industries, sources said.Capital formationThe third pillar centres on capital formation. Telangana is targeting investment levels of 52% of GSDP, to be funded through a mix of domestic savings, foreign inflows and public spending. A key element of this strategy is the reliance on private investment, which is expected to contribute nearly 80% of the required capital. Together, these reforms signal a shift from incremental growth to structural change. By focusing on skills, innovation and investment, the state is positioning itself to build a stronger, more resilient economy capable of meeting its long-term ambitions, senior officials pointed out.
