Summary:
HYDERABAD: Telangana chief minister K Chandrasekhar Rao said on Friday that the state is financially sound and has been registering steady growth in the State Own Tax Revenue (SOTR).Rao said Telangana stands number one in the country. For the fiscal 2019-20, the state revenue is estimated Rs 22,000 crore - more than that of 2018-19 fiscal. The CM claimed the figures were published by the Central Statistical Organisation.“The growth rate reached 10.6% in 2018-19. And it had touched to 10.4% by 2017-18 which is double to the earlier growth rate. When it comes to secondary sector (manufacturing), Rao said, the growth rate is 14.9% at current prices.“This growth rate is because of assured power supply, liberalised industrial policy of TS-iPASS..