Tamil Nadu’s economy may grow at a rate of 8.08% to 10.69% in 2024-25.
The Madras School Economics has estimated that in the recently concluded financial year of 2023-24, the State’s growth rate varied from 8.08% to 9.44%.
Country’s expected economic growth rate for 2023-24 was 7.3%.
The State “registered a strong real growth” of 10.3% from 2005-06 to 2011-12 (2004-05 series), while the all-India growth stood at 8.23%.
However, its average growth rate declined to 6.21% during 2012-13 to 2022-23 (2011-12 series), compared with the all-India figure of 5.73%.