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Economic Growth of Tamilnadu
August 15 , 2020
1554 days
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- Tamil Nadu had achieved higher economic growth rate than the national average for three consecutive years.
- Against the all-India average figure of 4.2% last year, the State’s performance (8.03%) was almost double.
- The calculations on the Gross State Domestic Product (GSDP) data have been done at constant prices, keeping 2011-12 as the base year.
- As far as the per capita income (based on Net State Domestic Product) is concerned, the State’s figure for 2019-20 was ₹1,53,853, which was at 6th rank at the all-India level.
- During 2018-19, the figure was ₹1,42,941 with the State standing at 12th rank.
- As for the value of the GSDP, the State’s rank was consistently placed at second, next to Maharashtra.
- During 2019-20, it went up to the first place, which could be due to the absence of data for the western State of Maharashtra.
- As per advance estimates for 2019-20, the growth rate of the primary sector stood at 6.08%, while it was 6.63% for the services.
- The secondary sector had posted a double-digit growth rate — 10.02%.
- Within the Secondary sector, manufacturing and construction posted the double-digit figures of 10.27% and 10.49% respectively.
- Even in the primary sector, the component of agriculture recorded higher rate (7.43%) this time than the 2018-19 figure, which was 5.8%.
- The previous year’s figures for the primary, secondary and the services sectors were 8.49%, 6.49% and 7.83% respectively.
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