5 months ago
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Minister for Finance Thangam Thennarasu connected Wednesday (December 17, 2025) said the Chief Minister M.K. Stalin-led government’s visionary and semipermanent outlook, caller concern policies, and robust fiscal absorption person helped Tamil Nadu execute new heights successful its economical maturation rate.
Speaking to reporters astatine the Secretariat successful Chennai, Mr. Thennarasu said, according to Reserve Bank of India (RBI) data, Tamil Nadu’s Gross State Domestic Product (GSDP) astatine existent prices accrued from ₹26.88 lakh crore successful 2023-24 to ₹31.19 lakh crore successful 2024-25, registering a maturation of 16%. This marked a important measurement towards the government’s people of achieving a $1 trillion system by 2030.
Mr. Thennarasu said the State has recorded double-digit maturation astatine existent prices implicit the past 4 years, with the manufacturing assemblage playing a important role. Over the aforesaid period, Tamil Nadu’s manufacturing GSDP accrued by ₹1.46 lakh crore. The State has astir 40,121 factories providing employment to astir 24.75 lakh people. The operation assemblage has besides made a important publication to growth, signaling adjacent to 11% maturation successful 2024-25.
The Finance Minister pointed retired that the services sector, which accounts for astir 53% of the State’s Gross Value Addition, registered a existent maturation of 11.3% successful 2024-25. The State authorities has besides been focusing connected the export sector, and the Chief Minister’s visits to overseas countries person helped pull investments worthy ₹11.47 lakh crore and make employment for 34.08 lakh people. The export assemblage recorded astir sevenfold maturation implicit the past 4 fiscal years, helium said.
According to the Minister, the fiscal shortage is projected astatine 3% of GSDP successful 2025-26, portion the debt-to-GSDP ratio has declined from 27% successful 2021-22 to 26% successful 2024-25. He alleged the Centre is reducing its publication to payment schemes portion expanding the publication of States. He said the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin), which replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), would summation the State’s fiscal burden.
