Tamil Nadu's First Economic Survey Provides Roadmap for $1 Trillion Economy

On March 13, 2025, the State Planning Commission, in collaboration with the Finance Department and other key departments, presented Tamil Nadu’s inaugural Economic Survey to Chief Minister M.K. Stalin.

- Madhusudhanan S

The Economic Survey for 2024-25 outlines an ambitious economic roadmap for the state.

Key Highlights of the Economic Survey

The survey provides a comprehensive analysis of critical sectors such as agriculture, industry, and services. It outlines medium-term growth prospects and examines employment trends, inflation, and select social sector indicators. Additionally, it reviews government policies, assesses their effectiveness, and forecasts economic growth for 2024-25 and 2025-26. It also suggests corrective measures to address short-term challenges and ensure long-term economic sustainability.

Economic Growth and GDP

Tamil Nadu, despite occupying only 4% of India’s land area and accounting for 6% of its population, contributed 9.21% to the country’s GDP in 2023-24. The state has demonstrated strong economic resilience, maintaining a growth rate of over 8% since 2021-22. The survey projects that Tamil Nadu will sustain this growth trajectory and aims to become a $1 trillion economy by 2030.

In 2023-24, Tamil Nadu’s Gross State Domestic Product (GSDP) at current prices stood at 27.22 lakh crore, marking a 13.71% increase from the previous year. The real economic growth rate during this period was 8.23%.

The state’s economic trajectory is more volatile than the national growth pattern due to its strong linkages with global markets. As a major exporter of vehicles, textiles, leather, and IT services, Tamil Nadu’s economy is highly sensitive to international economic fluctuations.