Tamil Nadu Achieves 11.19% GSDP Growth in 2024–25, Leads Nation

Tamil Nadu Achieves 11.19% GSDP Growth in 2024–25, Leads Nation

In a remarkable economic milestone, Tamil Nadu has posted a Gross State Domestic Product (GSDP) growth rate of 11.19% at constant prices for the year 2024–25, making it the only Indian state to achieve double-digit growth this year, according to revised estimates from the Union Ministry of Statistics and Programme Implementation (MoSPI).

This growth surpasses the state’s earlier projection of 9%, as stated in its budget and economic survey for 2024–25, as well as MoSPI’s own advanced estimate of 9.69% published in April.

The last time Tamil Nadu crossed the double-digit mark was in 2010–11, during the previous DMK regime, when it achieved a 13.12% growth rate. Notably, the size of Tamil Nadu's GSDP has since expanded significantly, reaching ₹17.2 lakh crore in 2024–25.

According to MoSPI data:

• Maharashtra, India’s largest state economy, recorded a 7.27% growth rate.

• Karnataka and Uttar Pradesh posted 7.37% and 8.99% respectively.

• Gujarat's data is yet to be published.

Tamil Nadu's consistent performance has been acknowledged as a significant step toward its ambition of becoming a $1 trillion economy by 2030, as outlined in the state’s first-ever Economic Survey, released by the State Planning Commission.

The data also revealed:

• 2023–24 GSDP growth rate was revised up from 8.23% to 9.26%.

• 2022–23 GSDP growth was revised down from 8.13% to 6.17%.

• Per capita Net State Domestic Product (NSDP) in 2024–25 rose by 10.79%, reaching ₹1.97 lakh.

• Only Karnataka, among major states, had a higher per capita income at ₹2.04 lakh.

This strong performance reaffirms Tamil Nadu’s position as a key driver of India’s economy and marks a significant recovery and growth phase post-pandemic.