New Delhi: Telangana has registered remarkable progress in the services sector over the past decade, with the latest NITI Aayog reports crediting the State’s sustained policy initiatives under the previous BRS government led by K. Chandrashekhar Rao.

According to the twin reports, “India’s Service Sector: Insights from Employment Trends and State Level Dynamics” and “India’s Service Sector: Insights from GVA Trends and State Level Dynamics” — Telangana has built a digitally driven, IT-centric economic model that significantly boosted its growth trajectory. As of 2023–24, 34.8 per cent of Telangana’s workforce—around 6.2 million people, were employed in the services sector, well above the national average of 29.7 per cent. The State’s Gross State Value Added (GSVA) share from services surged from 52.8 per cent in 2011–12 to 62.4 per cent in 2023–24, averaging 60.3 per cent over the decade.

This strong performance highlights Telangana’s transformation into one of India’s leading service-led economies, fueled by rapid growth in IT, professional services, finance, real estate, and trade. The reports credited Hyderabad’s innovation ecosystem—anchored by T-Hub,........

© News9Live