Tamil Nadu achieved record of 9.69% of economic growth, which the States of India in 2024-25 | Mint

Tamil Nadu was the highest among other Indian states in terms of the real economic growth rate, which stood on the financial year 2024-25 9.69 percent, reports news portal The Hindu on April 5, 2025. The real economic growth rate for the southern state was the highest in the past ten years, according to the report. Tamil Nadu’s gross domestic product (GDP) value for the financial year 2024-25 rose to £ 17,23,698 or £ 17.23 lakh crore, compared to £ 15,71,368 or £ 15.71 crore in the 2023-24 fiscal, according to the MOSPI (Union Ministerie of Statistics and Program), in the news report. Economic growth rate Tamil Nadu’s previous real economic growth rate was high at 8.59 percent in the year 2017-18, while the low of all time during the Covid-19 Global Pandemic was at 0.07 percent. According to the news release, Tamil Nadu was one of the few states that recorded a positive growth during the Covid pandemic, while many other states recorded a negative growth rate. The report also emphasized that Tamil Nadu’s nominal growth rate was at 14.02 percent for the year, also the highest among other Indian states. The real economic growth rates show the growth of a state or a nation that excluded inflation. However, there were some states such as Gujarat, Bihar and Uttar Pradesh, among 14 other countries and trade union areas, whose growth rate was not loaded to the ministry website. The economic survey for the state predicted that growth is more than 8 percent. Another projection for Tamil Nadhu’s growth was from the assignment of the Madras School of Economics (MSE), which estimates the growth at 9.3 percent. The data shows that the actual growth rate has successfully managed to beat the economic expectations to deliver more returns and to show the state of the state. Sectoral growth According to the News Portal report, the economic growth of Tamil Nadu was driven by the services (tertiary) and the secondary sector, which involves professional services, communications, together with manufacturing and construction segments. In the tertiary or service sector, professional services contributed through the growth of 13.6 percent, followed by communication at 13 percent growth. Other segments such as trade, recovery, hotels and restaurants contributed 11.7 percent to the state’s economic health. On the secondary sector front, manufacturing and construction grew 8 percent and 10.6 percent, respectively, which helped the state achieve this new record growth. “If all sectors become 0.5 percentage point higher than they did in 2024-25, the state growth will be about 10.7% in 2025-26,” Dr. Former MSE director Shanmugam told the News Portal.