After 14 years, Tamil Nadu data double-digit progress in actual phrases

After a niche of 14 years, Tamil Nadu has recorded a double-digit financial progress price in actual phrases throughout 2024-25 with 11.19%, in accordance with the revised estimates of the Union Ministry of Statistics and Programme Implementation for numerous States.

In 2010-11, the State registered 13.12%. Coincidentally, on each events, the DMK was in energy. The newest revised estimates have been ready as on August 1, 2025. Fifteen years in the past, the bottom yr was 2004-05, whereas it’s 2011-12 now. Former Director of the Madras School of Economics, Ok.R. Shanmugam, attributes the expansion to the robust efficiency by the tertiary and secondary sectors.

About 5 months in the past, when the State-wise advance estimates have been made public, Tamil Nadu’s actual financial progress was 9.69%. The newest determine marks a rise of about 1.5 proportion factors. Apart from having completed the topper, Tamil Nadu has achieved what no different State has completed — recording the double-digit progress. It could also be famous that the information for six States — Goa, Gujarat, and 4 northeastern States — haven’t been made public but, aside from these for 2 Union Territories.

In truth, the figures exceeded the forecast made within the Tamil Nadu Budget offered early this yr. The State authorities was modest in projecting Tamil Nadu’s nominal Gross State Domestic Product (GSDP) to develop at 14.5% in 2024-25, with actual progress put at 9% and a median inflation of 5%. But the true progress is greater by almost 2.2%. At fixed costs (base yr: 2011-12), Tamil Nadu’s GSDP is estimated at ₹17,32,189 crore for 2024-25, up from ₹15,57,821 crore in 2023-24.

The revised figures additionally indicated stronger efficiency for 2023-24, with the true GSDP progress revised upward from 8.23% to 9.26%. However, the expansion estimated for 2022-23 had been lowered from 8.13% to six.17%.

Going by the information on per capita Net State Domestic Product (NSDP) at present costs, Tamil Nadu ranked third amongst main States in 2024-25, with an estimated per capita revenue of ₹3,61,619, following Telangana (₹3,87,623) and Karnataka (₹3,80,906). 

Commenting on Tamil Nadu’s financial trajectory, Dr. Shanmugam, who’s serving the Finance Department as Economic Consultant, hopes that if the State continues to keep up its progress, aided by robust export efficiency, it’s on monitor to attain its goal of a trillion-dollar economic system by 2031-32. The greater progress price is prone to result in vital enchancment in fiscal indicators, corresponding to decrease fiscal and income deficit and debt-to-GSDP ratio. If all the foremost sectors develop by half-a-percent greater than what they did in 2024-25, the State financial progress could also be round 12% through the present yr (2025-26), he factors out.

According to the Union Ministry’s information, the expansion price figures of choose States for 2024-25 have been Uttar Pradesh-8.99%; Andhra Pradesh-8.21%; Telangana-8.08%; Karnataka-7.37%; and Maharashtra-7.27%.