Revanth Reddy says Telangana aims to become $3 trillion economy by 2047

Hyderabad: Chief Minister A. Revanth Reddy said Telangana aims to become a $3 trillion economy by 2047. He announced the target while inaugurating the Samakhya-2026 conference at HITEX on Wednesday. The event focused on youth, industrial growth, future development plans and India’s economic progress.

Praising Samakhya for its work, Revanth Reddy stressed the need to familiarise young people with emerging business trends. He urged people to understand global changes and evolving laws. He also called on individuals to pursue higher goals and serve as examples for society.

The Chief Minister said young Indians are competing with Elon Musk in launching rockets into space. Referring to the national development agenda, he recalled Prime Minister Narendra Modi’s emphasis on 2047, the centenary of India’s Independence. Modi has set a goal for India to emerge as a leading nation by then.

Revanth Reddy said Telangana contributes a share of India’s gross domestic product that exceeds its proportion of the national population. He stressed that industrial expansion and fresh investment will help the state strengthen its economic contribution.

Telangana economy plan: Hyderabad to compete globally

Hyderabad has maintained a cosmopolitan culture for 400 years, according to Revanth Reddy. He said the city has welcomed people from different states and countries. The government now wants Hyderabad to compete with global centres such as Tokyo and Singapore.

The Chief Minister credited the Outer Ring Road with accelerating the city’s development. He added that the government is shifting industries located within the Core Urban Region Economy (CURE) limits to other areas.

Meanwhile, Revanth Reddy said Prime Minister Modi has assured support for the Regional Ring Road project. The state government is encouraging industries to establish units within the Peripheral Region Economy (PURE) area. It has also divided Telangana into three regions to guide development and attract investment.

Revanth Reddy invited industrialists to invest in the state. He reiterated the government’s ambition to achieve the $3 trillion economic target by 2047.

The Chief Minister also highlighted the contributions of members of the Kapu community. Many have risen to prominent positions in politics and the senior bureaucracy, he said. He urged leaders to share their achievements with young people as examples to follow.

Finally, Revanth Reddy called on political parties to restrict election-related political debate to election periods. During the rest of the time, he said, people should work together across party lines to support national development.