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USD 1 trillion economy by 2034
May 1 , 2023
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- Tamil Nadu Chief Minister inaugurated the national executive meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).
- He also released a FICCI – Deloitte Knowledge Paper on ‘Accelerating Tamil Nadu’s Progress to becoming a One Trillion Dollar Economy by 2030-31’.
- Tamil Nadu is the second-largest State economy after Maharashtra.
- It is the third-largest goods exporter in India (by value) after Gujarat and Maharashtra.
- Assuming Tamil Nadu can sustain its current average of 10% growth, it is expected to reach a USD 1 trillion economy benchmark by FY2034.
- However, to achieve this milestone by FY2031, the State will need to grow at an average of 16.5% annually.
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