Economy of Tamil Nadu
Tamil Nadu has the second largest state economy in India. The state also hosts the highest number of factories in the country. The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%.
Chennai, the capital of Tamil Nadu with its skyline and Metro | |
| Currency | Indian rupee (INR, ₹) |
|---|---|
| 1 April – 31 March | |
Country group |
|
| Statistics | |
| GDP | ₹28.3 lakh crore (US$354 billion) (2023–24 est.) |
| GDP rank | 2nd |
GDP growth | 14.6% (2021-22) |
GDP per capita | ₹279,699 (US$3,503) (2023-2024) |
GDP per capita rank | 9th |
GDP by sector | Services: 54% (2020–21) Industry: 33% Agriculture: 13% |
Population below poverty line | 4.3% in poverty (2020–21) |
| 0.738 high (2021) (11th) | |
| Unemployment | 4.1% (Dec 2022) |
| External | |
| Exports | ₹3.63 lakh crore (US$45 billion) (2019–20) |
Export goods | Automobiles, mobile phones, software, missile defense, electronics, telecommunications equipment, armaments, locomotives, ships, machinery, steel, aluminium, transportation equipment, tyres, textiles, footwear, leather, chemicals, cement, plastics, toys, food processing, seafood, vegetables, fruits, tea and coffee |
Main export partners | Australia |
FDI stock | ₹28,049 crore (US$3.5 billion) (2017–18) |
| Public finances | |
Government debt | 26.29% of GSDP (2022–23 est.) |
| ₹−90,114 crore (US$−11 billion) (3.63% of GSDP) (2022–23 est.) | |
| Revenues | ₹2.36 lakh crore (US$30 billion) (2022–23 est.) |
| Expenses | ₹3.33 lakh crore (US$42 billion) (2022–23 est.) |
Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.
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