Telangana's revenue growth is the highest in the world, claimed Chief Minister K Chandrashekhar Rao on Wednesday.He told the reporters that Telangana achieved nearly 30 per cent growth rate in the state's own tax revenue collections during the current financial year up to November.
"No state in the country and no country on the globe has this sort of growth," said KCR, who led his Telangana Rashtra Samithi (TRS) to a resounding victory in the elections held on December 7. The collections up to November amounted to Rs. 44,183 crore whereas during the same period in 2017-18, it was Rs. 33,995 crore.
Telangana has been consistently achieving an average revenue growth rate of 17.17 per cent during the last four financial years. KCR said the state could achieve this growth due to increase in royalty from Singareni coal company, financial discipline, prudence, proper tax collection, lack of corruption and effective functioning of Finance Ministry.