4 days ago
CM Revanth Reddy envisions State as a $3 trillion economy by 2047
Reiterating his government's commitment towards the development of the State, Chief Minister A. Revanth Reddy said that the 'Telangana Rising 2047' policy document had been drafted to position the State as a global leader by the time India marks 100 years of Independence in 2047, and urged for the public support in this endeavor.
As part of the Telangana Formation Day celebrations on Monday (June 2, 2025), Mr. Reddy hoisted the national flag at Parade Ground and spoke about the welfare measures and development initiatives taken under his regime. Kazuhisa Takeuchi, mayor of Kitakyushu City from Japan, was a guest at the celebrations.
Addressing the gathering, the Chief Minister said that the government aimed to contribute significantly to the national goal of becoming a $30 trillion economy by turning Telangana into a $3 trillion economy by 2047.
On investments from both the domestic and foreign firms, Mr. Reddy said that the government had signed agreements worth over ₹3 lakh crore since he assumed the office. Regarding the development of Hyderabad, he said plans were in place to develop Hyderabad on par with major international cities. 'The Bharat Future City would be developed on 30,000 acres,' he said.
Stating that the Outer Ring Road (ORR) had contributed immensely to Hyderabad's rapid development, he said that a Regional Ring Road (RRR) is underway, along with plans for radial roads connecting to the ORR. He said expansion of both the Metro and Regional Rail systems would commence soon. The Chief Minister said that airports at Warangal and Mamnoor would be developed soon, as the Centre had given its approval for the renovation.
Stressing the government's commitment to social justice, the Chief Minister said that the Scheduled Castes in the State had been classified into three groups, and legal backing was provided for the same. 'February 4 would be observed annually as Telangana Social Justice Day,' he said adding that caste census conducted in the State had become a model for the nation.
On youth employment, Mr. Reddy stated that over 60,000 government job vacancies were filled within 16 months of assuming the office.
Reaffirming the government's support for farmers, he said that agricultural loans up to ₹2 lakh were waived. The government had also enacted the Bhu Bharati-2025 Act to resolve land disputes and ensure clear land ownership records. Referring to the state of affairs when he took charge in December 2023, the Chief Minister said Telangana's economy was in disarray.
On the occasion, Mr. Reddy presented cash awards of ₹1 crore each to nine eminent personalities from the State for their contributions to the Telangana movement. Among the recipients were noted poets and cultural figures Ande Sri (poet), Suddala Ashok Teja (lyricist), Jayaraj (poet), Pasham Yadagiri (senior journalist), and Ekka Yadagiri Rao (sculptor).
The awards were also presented posthumously to revolutionary balladeer Gaddar, poet-singer Guda Anjaiah, and Bandi Yadagiri. Noted poet and singer Goreti Venkanna, currently on a foreign tour, was represented by his daughter at the ceremony. Mr. Reddy also conferred the Kaloji Award on polyglot and poet Nalimela Bhaskar for his contributions to literature.
In addition to the honours for cultural contributions, the Chief Minister presented the Medal for Gallantry to 19 police officers in recognition of their distinguished service. Another 11 officers received the Medal for Meritorious Service.
