Last Updated: September 17, 2014
Latest update: November, 2014
Last Updated: November, 2014
TAMIL NADU State Report | November, 2014
Tamil Nadu is the fourth largest state of India, and contributed 8.1 per cent to India's gross domestic product (GDP) in 2013-14. Gross state domestic product (GSDP) of Tamil Nadu grew at a compound annual growth rate (CAGR) of 16.3 per cent between 2004-05 and 2013-14, reaching US$ 141.1 billion in 2013-14. Per capita GSDP of US$ 2,059.3 (at current prices) is nearly 48.2 per cent higher than the national average of US$ 1,389.6.
It is the southernmost state of India, surrounded by Andhra Pradesh from the north, Karnataka and Kerala from the west, Indian Ocean from the south, and Bay of Bengal from the east.
Tamil Nadu has a diversified manufacturing sector and features among the leaders in several industries like automobiles & components, engineering, pharma, garments & textile products, leather products, chemicals & plastics, etc. It ranks first among the states in terms of number of factories and industrial workers. Due to its achievements as an auto production hub, Chennai has been dubbed as the "Detroit of India".
It has well developed infrastructure with an excellent road and rail network, three major ports, 23 minor ports, and seven airports across the state providing excellent connectivity. In line with Vision 2023, it aims to step up infrastructure investment from 4-5 per cent of GSDP currently to 10 per cent by 2015 and about 11.5 per cent by 2019. Roads & highways, ports, railways, education and healthcare are likely to see major investments.