Exports from Telangana vanquish havoc of lockdown
Telangana, which was growing in merchandise export at an annual average growth rate (AAGR) of 8.1% between 2015-2019, has shown an exponential rise in the export sector with a value of 4.1 billion dollars during this pandemic situation. It has registered an increment of 14% since last year. The chief destinations of export include the USA at 28% China at 6% Russia, Bangladesh, and UAE at 4% each.
Telangana is also a hub of a multitude of industries such as:
Electronic production
Pharmaceutical products
Agricultural produce
Renewable energy like solar power
Setting up of sports infrastructure
This again attracts people from all over the world to Telangana for livelihood and career growth.