{"id":176382,"date":"2025-12-10T01:31:26","date_gmt":"2025-12-10T01:31:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/176382\/"},"modified":"2025-12-10T01:31:26","modified_gmt":"2025-12-10T01:31:26","slug":"telangana-must-grow-8-9-pc-yearly-to-hit-usd-3-trillion-goal-ex-rbi-chief","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/176382\/","title":{"rendered":"Telangana must grow 8-9 pc yearly to hit USD 3 trillion goal: Ex-RBI chief"},"content":{"rendered":"\n<p>Hyderabad: Telangana needs to grow at 8-9 per cent annually to become a USD 3 trillion economy by 2047, former RBI Governor Duvvuri Subbarao said here on Tuesday.<\/p>\n<p>Speaking at the launch of the Telangana Rising 2047 Vision Document, Subbarao said that economic growth cannot be sustained unless its benefits are widely shared.<\/p>\n<p>\u201cThe government must pursue inclusive growth, which means the benefits of growth must reach the poorest person in Telangana, to the farthest point in the state,\u201d he said.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=siasat.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"google-news-btn\" style=\"display:inline-block;transition:transform .2s ease,box-shadow .2s ease;border-radius:12px;overflow:hidden;line-height:0;font-size:0;\"><img loading=\"lazy\" decoding=\"async\" width=\"676\" height=\"213\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Add as a preferred source on Google\" style=\"display:block;margin:0;padding:0;height:70px;width:auto;\" data-lazy-src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/11\/preferred_publisher.webp.webp\"\/><\/a>  <a href=\"https:\/\/urldefense.com\/v3\/__https:\/www.kingsalmangate.com\/?utm_source=in&amp;utm_campaign=sourcemarket&amp;utm_medium=partnershipl&amp;utm_content=banner__;!!KZXpRQ!SaEISGyrq0jI0iwzmAkFQ_6zmjYCwQGk1F7CJmReZQfC4lBujzFmk9i5dJyOAKaAZJE5M3LZfOH5LRbOmGM1X8D4XYI$\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"display: block;\"> <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\u201cKing\" salman=\"\" gate=\"\" project=\"\" width=\"336\" height=\"280\" style=\"width: auto; max-height: 280px;\" data-lazy-src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/King-Salman-Gate.jpg\"\/> <\/a>  <\/p>\n<p>Also Read<\/p>\n<p><a href=\"https:\/\/www.siasat.com\/mous-worth-rs-1-lakh-crore-signed-on-2nd-day-of-telangana-rising-global-summit-3310300\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"also-read-link\">Telangana Rising Global Summit clocks in investments worth Rs 5.75 lakh crore<\/a> <\/p>\n<p>\u201cToday, the GSDP of Telangana is about Rs 16.7 trillion, which roughly translates to USD 250 billion. We are USD 250 billion today; we have to reach USD 3 trillion in 22 years, which means multiplying the GSDP 15 times. Simple arithmetic shows the state must grow at about 8 to 9 per cent, perhaps even faster. That\u2019s a tough and challenging goal, difficult but not impossible,\u201d Subbarao said.<\/p>\n<p>The former RBI chief stressed the importance of skilling, noting that it cannot be achieved by the government or the private sector alone. \u201cSkilling has to be done under a public\u2013private partnership model,\u201d he said.<\/p>\n<p>He added that politicians often do not prioritise education and health because these sectors do not yield immediate results, and democratic compulsions tend to force short-term thinking.<\/p>\n<p> <a href=\"https:\/\/mseducationacademy.in\/?ref=siasat.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"display: block;\"> <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Memory Khan Seminar\" width=\"336\" height=\"280\" style=\"width: auto; max-height: 280px;\" data-lazy-src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/MS-NEET.webp.webp\"\/> <\/a>  <\/p>\n<p>Mahindra Group Chairman Anand Mahindra also spoke at the event.<\/p>\n","protected":false},"excerpt":{"rendered":"Hyderabad: Telangana needs to grow at 8-9 per cent annually to become a USD 3 trillion economy by&hellip;\n","protected":false},"author":2,"featured_media":176383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69,41096],"class_list":["post-176382","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-telangana"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/176382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=176382"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/176382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/176383"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=176382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=176382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=176382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}