Telangana's Vision for Economic Growth: Insights from the Rising Global Summit

Telangana's Ambitious economic vision Unveiled

The Telangana Rising Global Summit commenced with a forward-looking economic vision presented by Chief Minister A Revanth Reddy. This two-day event, hosted at the innovative Bharat Future City, gathered global leaders to craft a comprehensive roadmap for the state's economic advancement, aiming to establish it as a key growth engine in India.

Long-Term Economic Goals

The Chief Minister articulated a strategy that aims to transform Telangana into a $1 trillion economy by 2034 and a $3 trillion economy by 2047. This ambitious plan intends to double the state's contribution to India's GDP from 5% to 10%. The roadmap, named Telangana Rising 2047, was meticulously developed with input from citizens, various government departments, academic institutions, and policy-making bodies.

Global Participation at the Summit

The summit attracted around 2,000 delegates, including 154 international representatives from 44 countries. Noteworthy attendees comprised Nobel laureates and senior officials from international organizations and multinational corporations. Discussions focused on investment prospects, sustainable growth, and innovation-led development.

Bharat Future City: A Model for Growth

The selection of the venue underscores the government's commitment to futuristic urban planning. Bharat Future City is envisioned as a 30,000-acre net-zero township featuring specialized clusters dedicated to technology, education, healthcare, and advanced manufacturing. Proposed connectivity enhancements, such as a 40 km Metro extension, are designed to establish the city as a prime location for global investment.

Key Facts for Exam Preparation

• Telangana aims for a $1 trillion economy by 2034 and $3 trillion by 2047.
• Approximately 2,000 delegates from 44 countries attended the global summit.
• The state has introduced three economic zones: CURE, PURE, and RARE.
• Bharat Future City is planned as a 30,000-acre net-zero urban hub.

Three-Zone Economic Strategy

This new development model categorizes the state into three economic zones: CURE for high-value services, PURE for organized manufacturing, and RARE for agriculture and agro-processing. Drawing inspiration from successful global economic regions, this framework aims to accelerate sector-specific growth. International investors are encouraged to collaborate in realizing Telangana's long-term aspirations.

Frequently Asked Questions (FAQs)

Q1. What are Telangana's economic goals for 2034 and 2047?
Answer: Telangana aims to become a $1 trillion economy by 2034 and a $3 trillion economy by 2047, doubling its contribution to India's GDP.

Q2. How many delegates attended the Telangana Rising Global Summit?
Answer: The summit hosted around 2,000 delegates, including 154 international representatives from 44 countries.

Q3. What is Bharat Future City?
Answer: Bharat Future City is a planned 30,000-acre net-zero township in Telangana, focused on technology, education, healthcare, and advanced manufacturing.

Q4. What are the three economic zones in Telangana?
Answer: The three economic zones are CURE for high-value services, PURE for organized manufacturing, and RARE for agriculture and agro-processing.

Q5. What was the main focus of discussions at the summit?
Answer: Discussions at the summit centered on investment opportunities, sustainable growth, and innovation-driven development for Telangana's future.

UPSC Practice MCQs

Question 1: What is the target GDP of Telangana by 2034?
A) $500 billion
B) $1 trillion
C) $2 trillion
D) $3 trillion
Correct Answer: B

Question 2: Which city is envisioned as a net-zero township in Telangana?
A) Hyderabad
B) Karimnagar
C) Bharat Future City
D) Warangal
Correct Answer: C

Question 3: How many international representatives attended the summit?
A) 100
B) 154
C) 200
D) 250
Correct Answer: B

Question 4: What do the acronyms CURE, PURE, and RARE represent in Telangana's economic strategy?
A) Urban, Rural, Agricultural, Economic
B) High-value services, Organized manufacturing, Agriculture
C) Capital, Unity, Resilience, Economy
D) None of the above
Correct Answer: B

Question 5: What is the total area planned for Bharat Future City?
A) 10,000 acres
B) 20,000 acres
C) 30,000 acres
D) 40,000 acres
Correct Answer: C

Question 6: What is the main theme of the Telangana Rising Global Summit?
A) Education
B) Sustainable growth and investment opportunities
C) Health care
D) Technology
Correct Answer: B