Telangana Socio Economic Outlook 2021
The government’s expectations in the budget that there would be significant improvement in the Gross State Domestic Product (GSDP) in the coming financial year owed to several high frequency indicators about State’s economy, which was on the path of a rapid V-shaped recovery. A V-shaped recovery is characterised by a quick and sustained recovery in economic performance after a sharp decline. The socio economic outlook presented to the Assembly during the budget presentation said, on an overall level, high frequency indicators suggested that economic activity had been on the rebound in recent months. As the vaccine implementation programme for COVID rolled out, the State’s rebound was likely to strengthen. This will allow it to build on its strong fundamentals and propel its economy forward.