Telangana's Strong Fiscal Performance in 2023-24
Telangana has achieved the highest share of Own Tax Revenue (SOTR) among all Indian states for the financial year 2023-24. According to the Economic Survey 2024-25, presented in Parliament on Friday, the state’s own tax revenue made up 88% of its total tax receipts. This figure is higher than Karnataka and Haryana, which stood at 86%.
What is Own Tax Revenue?
Own tax revenue refers to income generated by states through taxes like VAT (on excise and petroleum products), stamp duty, land tax, commercial taxes, and sales tax. The survey noted that states with a higher share of own tax revenue tend to have lower revenue deficits. Telangana reported a revenue surplus of ₹1,510.89 crore during 2023-24, although this was lower than the ₹4,881 crore surplus projected in the state budget. However, in the current fiscal year (2024-25), the state has reported a revenue deficit of ₹19,892 crore by the third quarter, against an earlier estimate of a ₹297 crore surplus.
100% Coverage Under Jal Jeevan Mission
Telangana has achieved complete coverage under the Jal Jeevan Mission, ensuring safe and reliable piped drinking water for all rural households. The state, along with Maharashtra, is using ISRO’s geospatial technology to monitor infrastructure projects. Telangana’s electrical infrastructure is also being managed through Web-GIS services provided by Bhuvan, an ISRO platform.
High Performance in Irrigation and Services
The state has been ranked among the top performers in irrigation, with 86% of its gross cropped area under irrigation. This is just behind Punjab (98%) and Haryana (94%). Telangana is also recognized as a leader in the service sector, alongside Karnataka and Kerala, due to its high per capita Gross State Value Added (GSVA) in services. However, the state’s industrial per capita GSVA remains average, as its economy is primarily driven by the service sector.
