Tamil Nadu: Economic Highlights

Overview
Tamil Nadu, one of India’s most industrialized states, recorded a GSDP of ₹24.38 lakh crore in 2023–24, with a growth rate of 8.7%. The state’s per capita income stands at ₹2,56,748, reflecting its strong and diversified economy. Tamil Nadu is a leader in manufacturing, IT, and automobile production. Chennai, the capital, is a major hub for the automobile and IT sectors, while Coimbatore is known for its textile and engineering industries.

Why Invest in Tamil Nadu

• Manufacturing Hub: Leader in automobile, textiles, and heavy industries.
• IT and Services: Chennai is the second-largest IT exporter in India.
• Strategic Location: Access to international trade routes via ports and airports.
• Government Support:

Incentives & Schemes

• Industrial Investment Policy: Incentives for industries in key sectors like manufacturing, IT, and electronics.
• Renewable Energy: Investment in wind and solar energy projects.
• Infrastructure Development: Focus on expanding roads, ports, and urban development.

Key Economic Data: Tamil Nadu

Category	Details
Capital	Chennai
GSDP (2023–24)	₹24.38 lakh crore
Growth Rate	8.7%
Per Capita Income	₹2,56,748
Top Sectors	Manufacturing, IT, Automobiles
FDI Share in India	6%
Top FDI Sources	Singapore, Japan
Cumulative FDI (FY2024)	₹12,000 crore (Q1)
Policy Impact	Focus on infrastructure, industrial development, and renewable energy
Recent FDI	₹2,000 crore (2020–21)

Latest Insights

• Tamil Nadu attracted ₹12,000 crore in cumulative FDI by Q1 FY2024.
• Manufacturing, especially automobiles, continues to drive the state’s economy.
• Manufacturing, especially automobiles, continues to drive the state’s economy.