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Real Economic Growth Rate 2024-25
April 7 , 2025
11 hrs 0 min
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- Tamil Nadu’s real economic growth rate of 9.69% for 2024-25 marks the highest for any State in the country.
- It was according to Union Ministry of Statistics and Programme Implementation.
- This is being the highest for the State in the past 10 years.
- At the constant prices (base year: 2011-12), the value of the Gross State Domestic Product (GSDP) of Tamil Nadu, estimated at ₹15,71,368 crore for 2023-24.
- It had risen to ₹17,23,698 crore for 2024-25.
- The previous high was 8.59% during 2017-18.
- The lowest (0.07%) was recorded during 2020-21, the year of the COVID-19 pandemic.
- At least Tamil Nadu recorded a positive growth, whereas many States had posted a negative growth then.
- The term, real growth rate, denotes the rate that is exclusive of inflation.
- Tamil Nadu’s nominal growth rate for 2024-25 is 14.02%, also the highest among States.
- The State’s performance has been driven by a 12.7% growth in the tertiary (services) sector and 9% in the secondary.
- The primary sector’s performance is abysmally poor, with 0.15%.
- In the primary sector, crops and livestock are the dominant segments.
- The tertiary sector’s contribution to the State’s Gross State Value Added is around 53%, followed by the secondary with 37% and the primary with 10%.
- Tamil Nadu had been “consistently achieving” 8% or more since 2021-22.
- If it maintained 9.7% in the coming years, along with strong exports, it would be a trillion-dollar economy by 2032-33.
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