Economy of Tamil Nadu
Chennai, the capital of Tamil Nadu with its skyline and Metro
CurrencyIndian rupee (INR, ₹)
1 April – 31 March
Country group
GDP28.3 lakh crore (US$339 billion) (2023–24 est.)[3]
GDP rank2nd
GDP growth
14.6% (2021-22)[3]
GDP per capita
279,699 (US$3,351) (2023-2024)[3] [4]
GDP per capita rank
GDP by sector
Services: 54% (2020–21)
Industry: 33%
Agriculture: 13%[3]
Population below poverty line
Positive decrease 4.3% in poverty (2020–21)[5]
Increase 0.738 high (2021) (11th)
UnemploymentPositive decrease 4.1% (Dec 2022)[6]
Exports3.63 lakh crore (US$43 billion) (2019–20)[7]
Export goods
Automobiles,[8] mobile phones,[9] software, missile defense, electronics, telecommunications equipment,[10] armaments,[11] locomotives,[12] ships, machinery, steel, aluminium, transportation equipment,[13] tyres, textiles, footwear, leather, chemicals, cement, plastics, toys, food processing, seafood, vegetables, fruits, tea and coffee
Main export partners
FDI stock
28,049 crore (US$3.4 billion) (2017–18)[15]
Public finances
26.29% of GSDP (2022–23 est.)[3]
−90,114 crore (US$−11 billion) (3.63% of GSDP) (2022–23 est.)[3]
Revenues2.36 lakh crore (US$28 billion) (2022–23 est.)[3]
Expenses3.33 lakh crore (US$40 billion) (2022–23 est.)[3]
All values, unless otherwise stated, are in US dollars.

Tamil Nadu has the second largest state economy in India.[16] The state also hosts the highest number of factories in the country.[17][18] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census.[19] Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%.[20]

Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.[21]

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