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Economic Overview of Tamil Nadu (2023-24)

Author

Listed:
  • C. Rangarajan

    (Chairman, Professor, Madras School of Economics, chennai)

  • K.R. Shanmugam

    ((Corresponding Author) Director, Professor, Madras School of Economics, Gandhi Mandapam Road, Chennai)

Abstract

This is a short overview of the Tamil Nadu economy in 2023-24. This covers some of the broad features of the Tamil Nadu economy including trends in growth, sectoral performance, social parameters, climate change issues and growth prospects. Tamil Nadu’s economy is strong on many dimensions. Tamil Nadu’s rate of growth has been higher than India’s overall growth rate between 2005-06 and 2022-23. While all India economy grew at an annual rate of 6.71 percent, Tamil Nadu economy grew at 7.8 percent during this period. This trend needs to be maintained in order to reach a level of 1 trillion-dollar economy as early as possible. Also, Tamil Nadu like India must adapt itself to the far reaching changes in technology that are occurring. Details given in the study may help the readers to gain an understanding of the strengths and challenges of the Tamil Nadu economy

Suggested Citation

  • C. Rangarajan & K.R. Shanmugam, 2024. "Economic Overview of Tamil Nadu (2023-24)," Working Papers 2024-260, Madras School of Economics,Chennai,India.
    • Handle: RePEc:mad:wpaper:2024-260
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    More about this item

    Keywords

    Tamil Nadu economy; Growth prospects; Social indicators; Climate change;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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