Telangana has secured the second position in India for job creation in the IT & Communication and real estate sectors, according to the NITI Aayog’s Service Sector Employment Report 2023–24. The state contributed 12% of total jobs in IT & Communication and 13% in real estate, while Karnataka topped both categories nationwide.
The report also ranked Telangana among the top 10 states in financial services, real estate, ownership dwelling, professional services, and other key service sectors. The state stood ninth in financial services, sixth in real estate, seventh in trade and repair, ninth in hotels and restaurants, and eighth in transport and storage.
Telangana’s service sector contributes nearly 60% to its economy, reflecting a digitally driven model centred around Hyderabad’s IT and startup ecosystem. Real estate and professional services alone account for 34.1%, driven by innovation corridors and rapid urban growth.
Trade and hospitality sectors grew 20.8% in 2023–24, indicating post-pandemic recovery. The report said Telangana’s services share in Gross State Value Added rose from 52.8% in 2011–12 to 62.4% in 2023–24, surpassing the national average.
