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Tamil Nadu Posts 16% GSDP Jump to ₹31.19 Lakh Crore as Minister Flags Centre’s Scheme Shift

He frames the gains as the payoff from a Dravidian model pairing social investment with industrial policy.

Overview

  • Citing RBI data, the state reported current‑price GSDP of ₹31.19 lakh crore in 2024–25, up 16% from 2023–24.
  • Manufacturing was highlighted as the main driver, with over 40,000 factories, while services contributed about 53% of value added and grew 11.3% in real terms in 2024–25.
  • The government touted export gains, including electronics rising to $14.65 billion in 2024–25, and said 1,016 MoUs worth ₹11.40 lakh crore pledge investments and jobs.
  • Fiscal metrics presented by the minister include a projected 2025–26 deficit at 3% of GSDP and a debt-to-GSDP ratio near 26%, down from 27% in 2021–22.
  • Thennarasu warned a proposed VB‑GRAM replacement for MGNREGA with a 60:40 state–Centre cost split would raise state outlays, accusing the Union government of cutting its share.