Economy of Tamil Nadu
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| Currency | Indian Rupee (INR, ₹) |
|---|---|
| 2021 | |
| Statistics | |
| GDP | $300 billion |
GDP growth | 8.03% |
GDP by sector | Agriculture, Industry, Services |
| 4.5% | |
Population below poverty line | 11.28% |
Labour force | 37 million |
| Unemployment | 4.8% |
Main industries | Textiles, Automotive, Information Technology, Leather, Tourism |
| External | |
| Exports | $30 billion |
Export goods | Textiles, Automobiles, Software, Leather products |
Import goods | Machinery, Chemicals, Petroleum products |
All values, unless otherwise stated, are in US dollars. | |
The Economy of Tamil Nadu is the second-largest state economy in India. Tamil Nadu is one of the most industrialized states in India and has a diverse economy that includes agriculture, industry, and services.
Agriculture[edit | edit source]
Agriculture plays a significant role in the economy of Tamil Nadu. The state is a leading producer of agricultural products such as rice, sugarcane, cotton, and groundnuts. The Cauvery River delta is one of the most fertile regions in the state, contributing significantly to the agricultural output.
Industry[edit | edit source]
Tamil Nadu is a major industrial hub in India. The state has a strong presence in various industries, including textiles, automotive, information technology, and leather.
Textiles[edit | edit source]
The textile industry is one of the oldest and most significant industries in Tamil Nadu. The state is known for its cotton and silk production, with major textile hubs in Coimbatore, Tiruppur, and Erode.
Automotive[edit | edit source]
Tamil Nadu is often referred to as the "Detroit of India" due to its robust automotive industry. Major automobile manufacturers such as Hyundai, Ford, and BMW have established manufacturing plants in the state. The city of Chennai is a major center for automobile production.
Information Technology[edit | edit source]
The IT industry in Tamil Nadu has seen rapid growth, with Chennai being one of the leading IT hubs in India. The state is home to numerous IT parks and companies, contributing significantly to the state's economy.
Leather[edit | edit source]
Tamil Nadu is a leading producer of leather products in India. The state has a well-established leather industry, with major production centers in Chennai, Ambur, and Vaniyambadi.
Services[edit | edit source]
The services sector is a major contributor to the economy of Tamil Nadu. The state has a thriving tourism industry, with numerous historical and cultural sites attracting visitors from around the world. Additionally, the banking and finance sectors are well-developed, with several major banks and financial institutions operating in the state.
Infrastructure[edit | edit source]
Tamil Nadu has a well-developed infrastructure, including a comprehensive network of roads, railways, and ports. The state has four major ports: Chennai Port, Ennore Port, Tuticorin Port, and Karaikal Port. The Chennai International Airport is one of the busiest airports in India, providing connectivity to various domestic and international destinations.
Related Pages[edit | edit source]
- Tamil Nadu
- Economy of India
- Agriculture in India
- Textile industry in India
- Automotive industry in India
- Information technology in India
- Tourism in Tamil Nadu
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Contributors: Prab R. Tumpati, MD
