Hyderabad: Telangana Chief Minister Revanth Reddy said that his Government aims to model the state’s economic growth on China’s Guangdong province.

Telangana’s goal was to increase Telangana’s GDP contribution from 5% to 10% in India’s GDP by 2047. Chief Minister A Revanth Reddy said that his government aims to model the state’s economic growth on China’s Guangdong province.

He said that the Government asked experts to tell it what can be achieved by 2047, when India will celebrate its 100 years of Independence. This is how the dream of Telangana Rising 2047 was born, he added.

In his address at the Telangana Rising Global Summit on Monday in Bharat Future City, he pointed out that Guangdong had recorded the highest investment and growth globally within two decades and added that Telangana was preparing to compete at that scale.

Telangana Governor Jishnu Dev Varma inaugurated the two-day Telangana Rising Global Summit and he expressed confidence that the state could reach a $3 trillion economy by 2047.

CM said that we feel fortunate that leaders from all sectors have come here. Telangana is India’s youngest state. It is full of exciting opportunities, he said. Today, I am more confident than yesterday. Yesterday was a dream, a plan. Today, all of you have joined us. I see you as partners and stakeholders in the journey. With your support, we can achieve all our goals.

He said that his administration had taken cues from China, Japan, Germany, South Korea and Singapore, and was working towards becoming a $1 trillion economy by 2034 and $3 trillion economy by 2047. Telangana accounts for about 2.9% of India’s population and contributes around 5% of national GDP. By 2047, we want our contribution to reach 10%, he added.

Revanth reiterated that his Government would be guided by the CURE, PURE and RARE framework, dividing Telangana into three zones for services, manufacturing and agriculture. He said the Summit marked a step towards long-term planning, with business, policy and diplomatic leaders joining as stakeholders.

Telangana movement reflected long years of people’s struggle. He credited former Congress president Sonia Gandhi and former Prime Minister Manmohan Singh for enabling statehood, he said. Now, we are trying to become one of the most developed states in India, he added.

Revanth said the Telangana Rising 2047 vision document was shaped through consultations with citizens, officials, academic institutions such as the Indian School of Business, and bodies including NITI Aayog. The Indian model of constitution making, his government decided to deliberate upon the state’s future, he added.

When India achieved Independence, our founding fathers made a tryst with destiny. The time has come to build a great country, he said.

Union Minister G Kishan Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, Karnataka Deputy Chief Minister DK Shivakumar, Nobel laureate Kailash Satyarthi, World Economic Forum executive Jeremy Jurgens, Trump Media and Technology Group director Eric Swider, TVS Supply Chain Solutions chairperson R Dinesh were present at the inaugural function.