Last updated on Aug, 6 2021
TAMIL NADU State Report | June, 2021
Tamil Nadu is the fourth-largest state of India. Located on the southern coast of India, Tamil Nadu is surrounded by Andhra Pradesh on the north, Karnataka and Kerala on the west, Indian Ocean on the south, and Bay of Bengal on the east.
Tamil Nadu has a diversified manufacturing sector and features among the leaders in several industries like automobiles and auto components, engineering, pharmaceuticals, garments, textile products, leather products, chemicals, plastics, etc. It ranks first among the states in terms of number of factories and industrial workers.
Between 2015-16 and 2020-21, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 10.56% to reach Rs. 19.43 trillion (US$ 265.49 billion). Net State Domestic Product (NSDP) expanded at a CAGR of 10.60% to touch Rs. 17.50 trillion (US$ 239.00 billion) between 2015-16 and 2019-21.
In 2020-21, tertiary sector contributed 54.26% to state’s Gross State Value Added (GSVA) at current prices, followed by secondary sector at 32.39%.
According to Department for Promotion of Industry and Internal Trade (DPIIT), cumulative Foreign Direct Investment (FDI) inflow in Tamil Nadu and Puducherry stood at at US$ 3,329 million between October 2019 and March 2021.
Between the second quarter and third quarter of FY21, the state received new investments of ~Rs. 61,000 crore (US$ 8.3 billion). Of this, some key private investments included Rs. 4,629 (US$ 631 million) crore solar photovoltaic modules project by SunEdison Energy India; Rs. 2,500 crore (US$ 341 million) lithium-ion batteries project in Tiruvallur by Lucas-TVS and a Rs. 2,300 crore (US$ 314 million) plant is being set up by Daimler India Commercial Vehicles at Oragadam.
Total merchandise exports from the state stood at US$ 30.02 billion in FY20. In FY21, exports stood at US$ 26.16 billion.
Tamil Nadu has a well-developed infrastructure with an excellent road and rail network, three major ports, 15 minor ports, and eight airports across the state providing excellent connectivity. As of February 2021, the state had a total installed power generation capacity of 33.44 GW.
Note: P - Provisional, ** - of 170 kgs each, E - Estimated