Is a trillion dollar economy within reach in Tamil Nadu?
It is within reach. It is in the grasps within a decade. A trillion dollar Gross Domestic Product (GDP) from the current USD 260 billion is a realisable dream. Tamil Nadu is arguably the best governed state of the country.
What is the current status of tourism development project in Tamil Nadu?
The Asian Development Bank assisted Tourism Development Project is currently under implementation and a sum of Rs. 90.85 crore (US$ 12.89 million) has been provided in the Budget Estimates of 2020-21. In 2019, Chief Minister launched the Tamil Nadu New Integrated Textile Policy, 2019.
Why is Tamil Nadu the best governed state in India?
Tamil Nadu is arguably the best governed state of the country. It is probably the only state which has successfully moved labour from agriculture to other sectors as it is the only state to register absolute decline in labour employed in agriculture in the last two census.
What is Tamil Nadu Urban flagship investment programme?
The government has proposed the Tamil Nadu Urban Flagship Investment Programme to support the state in developing urban and environmental infrastructure. The programme will cost of Rs. 8,156 crore (US$ 1.11 billion) and will be financed with assistance from the Asian Development Bank.
How much will India’s GDP grow by 2025?
In our base-case projections, GDP will grow from $2.7 trillion in 2019 to $5 trillion by 2025 and $8.4 trillion by 2030. This amounts to an average annual real growth rate of 8\%, and would make India’s economy the third largest by 2026, behind China and the U.S.
How many jobs did Tamil Nadu create in 2020?
In July 2020, the Tamil Nadu government signed MoUs worth US$ 1.48 billion; this is expected to create 13,507 jobs in fields such as solar cells, data centres and industrial parks Note: * – according to Employees’ Provident Fund Organisation (EPFO) data, P – Provisional
What are the key investment proposals of Tamil Nadu 2021?
In January 2021, Tamil Nadu approved 34 key investment proposals worth Rs. 52,257 crore (US$ 7.14 billion). These investments are likely to create >93,000 jobs in electronics, automobile and auto components sectors, including electric vehicles and solar cell manufacturing.