Structure And Growth Of Telangana Economy After Formation — Flashcards

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GSDP stands for Gross State Domestic Product. It measures the total value of all final goods and services produced within a state during a specific period. For example, Telangana’s GSDP at current pri…

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GSDP is measured at both current and constant prices. Current prices reflect the market value in the given year, including inflation. Constant prices use a base year’s price level (like 2011-12) to re…

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Per Capita Income (PCI) is the average income earned per person in a state or country. It is calculated using the formula: $$\text{PCI} = \frac{\text{Total Income of State}}{\text{Total Population}}…

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Constant price data removes the effect of inflation, allowing us to see real growth in output. For example, if prices rise by 10% but production stays the same, current prices would show growth, but c…

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Telangana’s GSDP grew by 11.2% in 2021-22 at constant (2011-12) prices. This was significantly higher than India’s real GDP growth of 8.9% in the same year, indicating strong economic recovery post-pa…

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Despite the pandemic, Telangana’s economy showed resilience. In 2020-21, the industrial sector grew by 20.23%, and agriculture grew by 12.24% at current prices. Even though national PCI fell by 4%, Te…

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GSVA stands for Gross State Value Added. It measures the value added by all producers in a state, excluding taxes and subsidies. GSDP includes taxes and is broader. GSVA helps understand actual produc…

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The three main sectors are: 1. Agriculture and allied activities 2. Industry (including manufacturing, mining, construction) 3. Services (like IT, banking, education) In 2021-22, services contribute…