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Economy of Tamil Nadu: Difference between revisions
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[[File:Tamil Nadu Service Sector.JPG|thumb|Tamil Nadu Service Sector]] | [[File:Tamil Nadu Service Sector.JPG|thumb|Tamil Nadu Service Sector]] | ||
==Macroeconomic trend== | |||
This is a chart of trend of gross state domestic product of [[Tamil Nadu]] at market prices estimated in Indian rupees. | |||
{| class="wikitable" | |||
|- | |||
! Year || Gross state domestic product USD Rate Appreciated | |||
|- | |||
| 1960 || {{INRConvert|1112|c}} | |||
|- | |||
| 1970 || {{INRConvert|2371|c}} | |||
|- | |||
| 1980 || {{INRConvert|8081|c}} | |||
|- | |||
| 1990 || {{INRConvert|31339|c}} | |||
|- | |||
| 2000 || {{INRConvert|146796|c}} | |||
|- | |||
| 2010 || {{INRConvert|584896|c}} | |||
|- | |||
| 2020 || ₹20.54 lakh crore (US$290 billion) | |||
|} | |||
Revision as of 14:43, 2 March 2022
 | |
| Statistics | |
|---|---|
| GDP | ₹19.7 Trillion (US$298 billion) (2020-2021) |
| GDP rank | 2nd |
GDP by sector | Agriculture: 13% Industry: 34% Services: 53% (2017–18)[1] |
Population below poverty line | Template:Decreasepositive 4.3% in poverty (2020–21)[2] |
 0.709 high (2019) (11th) | |
| Unemployment |  1.1% (Nov 2020)[3] |
| External | |
| Exports | ₹3.63 lakh crore (US$42 billion) (2019–20) |
Export goods | Automobiles,[4] Mobile phone,[5] Software, Missile defense, Electronics, Telecommunications equipment,[6] Armaments,[7] Locomotives,[8] Ships, Machinery, Steel, Aluminium, Transportation equipment,[9] tyres, Textiles, Footwear, Leather, Chemicals, Cement, Plastics, Toys, Food processing, Seafood, Vegetables, Fruits, Tea and Coffee |
Main export partners |  Australia[10] |
FDI stock | ₹28,049 crore (US$3.2 billion) (2017–18)[11] |
| Public finances | |
| 23% of GSDP (2019–20 est.)[1] | |
| ₹454,176 crore (US$52 billion) (2.56% of GSDP) (2019–20 est.)[1] | |
| Revenues | ₹2.98 lakh crore (US$34 billion) (2020–21 est.)[1] |
| Expenses | ₹3.01 lakh crore (US$35 billion) (2020–21 est.)[1] |
Tamil Nadu is the second richest[12] and wealthiest state in the Indian union by GDP[13] and is the most industrialised state in the country. More than 60% of the state is urbanized, accounting around 10.6% of the urban population in the country, while only comprising 6% of India's total population. Services contributes to 55% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 11%. Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.[14]
Macroeconomic trend
This is a chart of trend of gross state domestic product of Tamil Nadu at market prices estimated in Indian rupees.
| Year | Gross state domestic product USD Rate Appreciated |
|---|---|
| 1960 | ₹1,112 crore (US$130 million) |
| 1970 | ₹2,371 crore (US$270 million) |
| 1980 | ₹8,081 crore (US$930 million) |
| 1990 | ₹31,339 crore (US$3.6 billion) |
| 2000 | ₹146,796 crore (US$17 billion) |
| 2010 | ₹584,896 crore (US$67 billion) |
| 2020 | ₹20.54 lakh crore (US$290 billion) |
- ↑ 1.0 1.1 1.2 1.3 1.4 "Tamil Nadu Budget Analysis 2019–20". PRS Legislative Research. Retrieved 7 April 2020.
- ↑ "SDGs India Index". NITI Aayog. 31 December 2019.
- ↑ "Unemployment Rate in India". Centre for Monitoring Indian Economy. p. 1. Retrieved 3 November 2020.
- ↑ Simhan, TE Raja. "Chennai Port takes lead in wooing Kia Motors". @businessline.
- ↑ "India may become the second largest smartphone market: Xiaomi's Raghu Reddy". The Economic Times.
- ↑ "Nokia Siemens to expand Chennai facility". The Hindu. 9 August 2011 – via www.thehindu.com.
- ↑ "Ashok Leyland looking at Rs 5,100 crore revenue from defence exports".
- ↑ "Indian Railways to export six DMU train sets to Sri Lanka". www.cnbctv18.com. 11 July 2018.
- ↑ Market, Capital (10 July 2018). "Steel Strips Wheels bags its largest export order for US truck & trailer aftermarket". Business Standard India – via Business Standard.
- ↑ Suneja, Kirtika. "Australian exports to India to grow to $45 bn in 20 years, FDI to $100 bn, says report". The Economic Times.
- ↑ "Whopping 300% FDI inflow growth in this non-BJP state; here's list of other top performing states". 12 July 2018.
- ↑ https://indiaunfold.com/top-10-richest-states-in-india/
- ↑ "GDP of Indian states - StatisticsTimes.com". m.statisticstimes.com. Retrieved 1 June 2021.
- ↑ "Indian States by Economic Freedom - StatisticsTimes.com". statisticstimes.com. Retrieved 25 October 2018.