Q.Explain about sectoral growth rate trends of Telangana economy.

In Telangana's GSDP the agriculture (primary) share has fallen, industry (secondary) has grown steadily, and services (tertiary) dominate and grow fastest. The state's overall growth rate has generally exceeded the national average since its formation in 2014, led by IT and services.

Meaning

Sectoral growth-rate trends describe how the primary, secondary and tertiary sectors contribute to and grow within Telangana's Gross State Domestic Product (GSDP).

Sectoral trends in Telangana

1. Primary sector (agriculture and allied): Its share in GSDP has steadily declined, as in all developing economies, though it still employs a large share of the workforce; irrigation projects and schemes like Mission Kakatiya have supported farm growth.
2. Secondary sector (industry and construction): It has grown moderately, helped by industrial policy (TS-iPASS), pharma, construction and manufacturing, but its share has risen only slowly.
3. Tertiary sector (services): It is the largest and fastest-growing sector, led by IT and IT-enabled services in Cyberabad/HITEC City, trade, transport, real estate and financial services.

Overall trend …