Economy of Tamil Nadu: Difference between revisions

Economy of Tamil Nadu (edit)

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 Chennai has emerged as the "SaaS Capital of India".<ref>{{Cite web|url=https://www.crayondata.com/heres-why-chennai-is-the-saas-capital-of-india/|title=Here's why Chennai is the SAAS capital of India|date=25 August 2018}}</ref><ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/a-silent-saas-revolution-is-brewing-in-chennai/articleshow/67583586.cms|title=A silent SaaS revolution is brewing in Chennai - Times of India|website=The Times of India}}</ref><ref>{{Cite web|url=https://prabinsamuel.medium.com/saasboomi-shocking-secret-why-chennai-is-the-saas-capital-of-india-50f251b3a7f1|title=SaaSBooMi — The Shocking Secret why Chennai is the SaaS Capital of India!|first=Prabin|last=Samuel|date=9 February 2020|website=Medium}}</ref><ref name="deccanchronicle.com">{{Cite web|url=https://www.deccanchronicle.com/nation/politics/111018/chennai-is-saas-capital-of-india-edappadi-k-palaniswami.html|title=Chennai is SaaS capital of India: Edappadi K Palaniswami|date=11 October 2018|website=Deccan Chronicle}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/chennai-is-the-new-hotbed-for-deep-tech/articleshow/70514504.cms|title=Chennai is quickly turning into the new hotbed for deep-tech startup|first=Malini|last=Goyal|via=The Economic Times}}</ref> The SaaS sector in/around Chennai generated US$1 Billion in revenue and employed about 10000 personnel in 2018.<ref name="deccanchronicle.com"/>
+==Government revenues==
+Tamil Nadu ranks fourth nationwide of all state governments in tax revenue. (''See:'' [[States of India by tax revenues]].)
+This is a chart of trend of tax revenues (including the shares from Union tax pool) extracted from the Consolidated Fund of the Government of Tamil Nadu<ref>{{cite web|url=http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf |archive-url=https://web.archive.org/web/20050407104616/http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf |archive-date=7 April 2005 |title=Tax Revenue Receipts |publisher=Tamil Nadu Government |access-date=16 August 2006 |url-status=dead }}</ref> with figures in millions of Indian Rupees. See also the Finance Commission of India report.<ref>{{cite web|url=http://fincomindia.nic.in/thirdreport.htm |title=Finance Commission Report |publisher=Finance Commission of India |access-date=16 August 2006 |archive-url=https://web.archive.org/web/20060328093546/http://fincomindia.nic.in/thirdreport.htm |archive-date=28 March 2006 |url-status=dead }}</ref>
+Tax revenues of local bodies are excluded.
+{| class="wikitable"
+|-
+! Year || Tax revenues || Sales tax || Excise duties || Registration fees || Corporation tax || Vehicle tax
+|-
+| 1950 || '''441'''{{efn|includes the province of Hyderabad}} ||  ||  ||  ||  ||
+|-
+| 1955 || '''270''' || 112{{efn|includes revenues from non-ferrous mining and metallurgical industries}} || 3 || 7 ||  ||
+|-
+| 1960 || '''417''' || 191 ||  ||  ||  ||
+|-
+| 1965 || '''723''' || 409 || 4 || 99{{efn|includes stamp fees}} ||  || 133
+|-
+| 1970 ||  ||  ||  ||  ||  ||
+|-
+| 1975 || '''3,190''' ||  ||  ||  ||  ||
+|-
+| 1980 ||  ||  ||  ||  ||  ||
+|-
+| 1985 ||  ||  ||  ||  ||  ||
+|-
+| 1990 || '''34,508''' || 20,659 || 4,348 || 2,263 ||  || 2,273
+|-
+| 1995 || '''79,045''' || 46,892 || 9,346 || 6,130 ||  || 3,922
+|-
+| 2000 || '''150,659''' || 81,971 || 18,686 || 9,101 ||  || 5,904
+|-
+| 2005 || '''253,232''' || 143,607{{efn|includes tax on trades}} || 24,780 || 15,628{{efn|includes stamp fees}} || 13,846 || 11,305
+|}
+This is a chart of trend of [[non-tax revenue]]s and grants-in-aid [http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf extracted] from the Consolidated Fund of the Government of Tamil Nadu with figures in millions of Indian Rupees. See also [http://fincomindia.nic.in/thirdreport.htm ] and [http://www.tn.gov.in/budget/archives/eighteen_year_accounts/revenue_account_receipts.pdf ]. Non-tax revenues of local bodies are excluded.
+{| class="wikitable"
+|-
+! Year || Non-tax revenues || Interest || Mining || Grants-in-aid
+|-
+| 1960 || '''197''' ||  ||  || '''114'''
+|-
+| 1965 || '''466''' ||  ||  || '''233'''
+|-
+| 1970 ||  ||  ||  ||
+|-
+| 1975 ||  ||  ||  ||
+|-
+| 1980 ||  ||  ||  ||
+|-
+| 1985 ||  ||  ||  ||
+|-
+| 1990 || '''3,814''' || 897 || 588 || '''12,555'''
+|-
+| 1995 || '''8,584''' || 3,428 || 672 || '''18,362'''
+|-
+| 2000 || '''17,107''' || 4,036 || 3,953 || '''15,398'''
+|-
+| 2005 || '''21,014''' || 5,673 || 4,274{{efn|includes revenues from non-ferrous mining and metallurgical industries }} || '''28,268'''
+|}