Telangana Chief Minister K Chandrasekhar Rao seems to be jubilant with the state recorded two digit growth rate in the first half of the current financial year, inspite of financial problems. The government felt that it was result of various reforms initiated by him.

According to Finance Minister Etela Rajender the state marked GSDP of 10.2 per cent in the first half of the current financial year, against the national average of 7.2 per cent. Moreover, the state had registered many a first to its credit.

Indicating the revival of key economic sectors, that were badly affected during Telangana statehood agitation period, highest growth was recorded by the realty sector, financial and professional services were at their highest at 13.1 per cent, while the growth in the tertiary sector in the State has been put at 11.9 per cent, against the national average of 9.2 per cent.

It has reached 10.4 per cent growth in hotel industry, transport, communication and service-related broadcasting are concerned, as against the national average of 7.6 per cent. The State has also posted an impressive 7.7 per cent growth in the secondary sector, against the national average of 6.3 per cent. The primary sector’s growth rate was 4.9 per cent, while the national average was just 1.9 per cent.

Though lowest growth of 4.7 per cent was registered only in agriculture, fishing and forestry, still this was much higher than the national average of 2.5 per cent. The mining and quarrying sector has emerged as one of the top performing sectors and posted a growth rate of 5.4, while the national growth rate slid to -0.9 per cent. The construction sector, has recorded 6.6 per cent growth, while the national growth average was only 2.5 per cent.