Govt to take state budget from Rs three lakh cr to Rs seven lakh cr in four years: T'gana CM

PTI Hyderabad: Telangana Chief Minister A Revanth Reddy on Wednesday said his government would make efforts to increase the state's budget from the present Rs three lakh crore to Rs seven lakh crore in the coming four years. Speaking after launching a skill development programme in BFSI (Banking, Financial Services and Insurance) sector here, he said his government would work to make the state a USD one trillion economy. Observing that worldrenowned CEOs like Satya Nadella, Shantanu Narayen and World Bank president Ajay Banga are alumnus of Hyderabad Public School (HPS), he said he has urged such personalities, during his recent US visit, to visit the city in December and help the state government in its initiatives like the skills university.

The IT revolution has led to large scale creation of employment opportunities in Hyderabad and his government is making efforts to get some prestigious universities here to improve the city's brand image. "We have to compete with the world, not with Andhra Pradesh or Bengaluru, Chennai or any other city of India," Reddy said. More than 50 per cent of the population in the country are youth and what is lacking is technical expertise. Hyderabad should emerge as the hub to provide that expertise, he said. The governments implement welfare schemes like social security pensions, housing for poor but it is not innovative thinking.