400 words about industrial sector of telangana
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Telangana was formed in June 2014 with Hyderabad as its capital. The state was formed as a result of the split of erstwhile Andhra Pradesh state. The state holds an advantage as it possesses readymade capital with necessary infrastructure and ecosystem. Hyderabad was ranked second among the top 20 global cities in JLL’s City Momentum Index (CMI) 2019.
The capital city of Hyderabad (also the capital for earlier larger Andhra Pradesh state) is a hub for information technology (IT) and pharmaceutical sectors. IT & ITeS export from Telangana grew at a CAGR of 10.55% to reach Rs. 1,09,219 crore (US$ 15.63 billion) in 2018-19.
Telangana's Gross State Domestic Product (GSDP) is estimated to expand at a Compound Annual Growth Rate (CAGR) of 13.84% (in Rupee terms) to reach Rs. 11.05 trillion (US$ 158.12 billion) between 2015-16 and 2020-21. Tertiary sector has been the fastest growing sector, growing at a CAGR of 15.69% (in rupee terms) between 2011-12 and 2019-20, accounting for 65.19% share of the overall GSDP.
In 2018, domestic and foreign tourist arrival in the state stood at 92.8 million and 0.32 million, respectively.