Tamil Nadu News

Double-digit economic growth

August 7 , 2025 17 hrs 0 min 32 0

After 14 years, Tamil Nadu records double-digit economic growth in real terms.
The State has posted 11.19% during 2024-25.
It was according to the revised estimates of the Union Ministry of Statistics and Programme Implementation.
It has exceeded the forecast made in the Tamil Nadu Budget, presented early this year, by nearly 2.2%.
In 2010-11, the State registered 13.12%. Coincidentally, on both occasions, the DMK was in power.
Fifteen years ago, the base year was 2004-05, whereas it is 2011-12 now.
The growth was attributed by the strong performance by the tertiary and secondary sectors.
About five months ago, when the State-wise advance estimates were made public, Tamil Nadu’s real economic growth was 9.69%.
The latest figure marks an increase of about 1.5 percentage points.
Apart from having finished the topper, Tamil Nadu has accomplished what no other State has done — recording the double-digit growth.
It may be noted that the data for six States — Goa, Gujarat, and four northeastern States — have not been made public yet.
The State government was modest in projecting Tamil Nadu’s nominal Gross State Domestic Product (GSDP) to grow at 14.5% in 2024-25.
It was with real growth at 9% and an average inflation of 5%.
But the real growth is higher by nearly 2.2%.
At constant prices (base year: 2011-12), Tamil Nadu’s GSDP is estimated at ₹17,32,189 crore for 2024-25, up from ₹15,57,821 crore in 2023-24.
The revised figures also indicated stronger performance for 2023-24, with the real GSDP growth revised upward from 8.23% to 9.26%.
However, the growth estimated for 2022-23 had been reduced from 8.13% to 6.17%.
Going by the data on per capita Net State Domestic Product (NSDP) at current prices, Tamil Nadu ranked third among major States in 2024-25, with an estimated per capita income of ₹3,61,619,
It is following Telangana (₹3,87,623) and Karnataka (₹3,80,906).