Revanth Reddy sets 2047 goal for Telangana to reach USD 3 trillion economy

On the occasion of Telangana Formation Day, Chief Minister A Revanth Reddy announced that the state is aiming to become a United States Dollar (USD) 3 trillion economy by the year 2047, aligning with India's national goal of reaching a USD 30 trillion economy.

Speaking at the celebrations, Reddy stated that Telangana aspires to contribute 10 percent to the national Gross National Product (GDP) by 2047. He introduced the ‘Telangana Rising 2047’ policy document, which outlines a strategic roadmap for growth in key sectors such as energy, tourism, industries, investments, and health.

According to the Chief Minister, the state’s goal is to achieve a USD 1 trillion economy in the next 10 years, and then expand to USD 3 trillion by 2047. Telangana holds 2.5% of India’s population and contributes 5% to the national GDP, a figure the state aims to double in the coming decades.

Reddy called on professionals across fields including doctors, engineers, bureaucrats, and business leaders to support the state’s vision.

As part of urban development plans, he announced efforts to elevate Hyderabad to global standards. Projects include the revival of the Musi river and the transformation of Bapu Ghat into an international-level memorial named ‘Gandhi Sarovar’.

The Chief Minister also unveiled plans for a massive urban development project called Bharat Future City, to be built near the Rajiv Gandhi International Airport. Spanning 30,000 acres, the city will host specialised hubs such as AI City, Sports City, Life Sciences, Health City, and Pharma City. A dedicated Future City Development Authority has been established to oversee the project.

Reddy also criticised the previous administration, claiming that the aspirations of the people were not fulfilled after Telangana’s formation in 2014. He said the current government, in office since December 2023, is focused on correcting past mistakes and rebuilding the state.

As part of the celebrations, he hoisted the national flag, inspected the parade, and awarded Rs 1 crore each to nine notable individuals, including the late folk singer Gaddar, who played key roles in the statehood movement. In some cases, family members accepted the awards on their behalf.

The Mayor of Kitakyushu City, Japan, Kazuhisa Takeuchi, attended the celebrations as a special guest.

Telangana officially became a state on June 2, 2014, following its separation from undivided Andhra Pradesh after a long struggle for statehood.