Telangana, as a geographical and political entity was born on June 2, 2014 as the 29th and one of the youngest state in Union of India. However, as an economic, social, cultural and historical entity it has a glorious history of at least two thousand five hundred years or more. The Government of Telangana has over the past six years laid strong foundations in tune with people’s aspirations and to reach the goal for a “Bangaru Telangana”. Bangaru Telangana broadly refers to a Telangana, where the past injustices are more than adequately compensated, the current generations experience a significant improvement in quality of life and the future generations can be assured of a good quality of life through the gains from current investments made by the state.

Despite being the youngest state in the country, Telangana has demonstrated rapid growth. Telangana has shown rapid and robust economic growth amidst a global and national economic slowdown. Global growth for 2019 was 2.4%, the slowest since the financial crisis. The Indian economy is expected to grow at 5% in 2019-20. Telangana however, is expected to register a real economic growth rate of 8.2% in 2019-20 – well above the national average. This growth can be attributed to the proactive industrial initiatives of the government of Telangana and the mindset of the government to act as facilitators and catalysts for industrialists. In addition, the extent of urbanization has also contributed to the economic development of Telangana – according to the 2011 about 38.8% of the state’s population resides in urban areas.