Economy of Tamil Nadu

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Economy of Tamilnadu
Chennai Kathipara bridge.jpg
Statistics
GDP₹19.7 Trillion (US$298 billion) (2020-2021)
GDP rank2nd
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]
Increase 0.709 high (2019) (11th)
UnemploymentPositive decrease 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]
Stats about Tamil Nadu
Tamil Nadu – India's Economic Powerhouse.
Tamil Nadu's Contribution to India's Industrial Output
Strategic Location of Tamil Nadu
Tamil Nadu strong Social and educational Infrastructure.
Tamil Nadu Rankings
Tamil Nadu Statistics

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]

Tamil Nadu – Automobile Hub of India
Textile industry in Tamil Nadu
Tirupur – India's Knitting City
Electronic Hardware Sector in Tamil Nadu
Tamil Nadu – Leather Hub of India.
Sivakasi – Fireworks Hub of India
Tamil Nadu Service Sector
  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Tamil Nadu Budget Analysis 2019–20". PRS Legislative Research. Retrieved 7 April 2020.
  2. ↑ "SDGs India Index". NITI Aayog. 31 December 2019.
  3. ↑ "Unemployment Rate in India". Centre for Monitoring Indian Economy. p. 1. Retrieved 3 November 2020.
  4. ↑ Simhan, TE Raja. "Chennai Port takes lead in wooing Kia Motors". @businessline.
  5. ↑ "India may become the second largest smartphone market: Xiaomi's Raghu Reddy". The Economic Times.
  6. ↑ "Nokia Siemens to expand Chennai facility". The Hindu. 9 August 2011 – via www.thehindu.com.
  7. ↑ "Ashok Leyland looking at Rs 5,100 crore revenue from defence exports".
  8. ↑ "Indian Railways to export six DMU train sets to Sri Lanka". www.cnbctv18.com. 11 July 2018.
  9. ↑ Market, Capital (10 July 2018). "Steel Strips Wheels bags its largest export order for US truck & trailer aftermarket". Business Standard India – via Business Standard.
  10. ↑ Suneja, Kirtika. "Australian exports to India to grow to $45 bn in 20 years, FDI to $100 bn, says report". The Economic Times.
  11. ↑ "Whopping 300% FDI inflow growth in this non-BJP state; here's list of other top performing states". 12 July 2018.
  12. ↑ https://indiaunfold.com/top-10-richest-states-in-india/
  13. ↑ "GDP of Indian states - StatisticsTimes.com". m.statisticstimes.com. Retrieved 1 June 2021.
  14. ↑ "Indian States by Economic Freedom - StatisticsTimes.com". statisticstimes.com. Retrieved 25 October 2018.
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