Southern States should benchmark themselves against the world: CEA V. Anantha Nageswaran
1 month, 2 weeks ago

Southern States should benchmark themselves against the world: CEA V. Anantha Nageswaran

The Hindu  

Chief Economic Adviser V. Anantha Nageswaran on Monday said it is about time that the Southern States benchmark themselves against the world and not just India, as the region is leading in many of the parameters when compared with the rest of the country. Southern States contribute over 30% of India’s GDP, with Tamil Nadu and Karnataka emerging as standout performers with high compounded annual growth rates in Gross State Domestic Product, he said. The South also fares better in terms of Average Labour Force Participation Rate and accounts for a higher share of Gross Value Added across sectors including real estate, agriculture and allied services, manufacturing, services among others. Classifying skill levels into four buckets, starting from basic to higher order professional skills like medicine, engineering, geology, the CEA said Tamil Nadu and other Southern States in general have a very high level of Skill 2 which is more than basic but in terms of Skill level 3 and the highest order skill sets, there is still a lot of room to catch up.

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History of this topic

The road to Tamil Nadu becoming a $1 trillion economy
1 week, 2 days ago

The road to Tamil Nadu becoming a $1 trillion economy

The Hindu  

These days, Tamil Nadu has been at the centre of national attention over a host of issues such as delimitation and the implementation of the National Education Policy and the use of the Tamil letter ‘Roo’ instead of the Indian currency symbol ‘₹’ in the promotional logo for the latest State Budget. Amid the brouhaha, the State government has brought …

The road to a $1 trillion economy
Trending News
1 week, 2 days ago

The road to a $1 trillion economy

The Hindu  

These days, Tamil Nadu has been at the centre of national attention over a host of issues such as delimitation and the implementation of the National Education Policy and the use of the Tamil letter ‘Roo’ instead of the Indian currency symbol ‘₹’ in the promotional logo for the latest State Budget. Amid the brouhaha, the State government has brought …

TG posts better eco growth than nation’s
1 week, 2 days ago

TG posts better eco growth than nation’s

Deccan Chronicle  

Hyderabad: Telangana’s economy has performed better than India by registering faster growth in GSDP and per capita income in 2024-25, revealed deputy chief minister Mallu Bhatti Vikramarka during his Budget speech in the Legislative Assembly on Wednesday. Telangana's Gross State Domestic Product at current prices stands at Rs.16,12,579 crore, registering a growth rate of 10.1 per cent in 2024-25, compared …

Identities and symbols: On Tamil Nadu and the ரூ
2 weeks ago

Identities and symbols: On Tamil Nadu and the ரூ

The Hindu  

Even as the ruling DMK government in Tamil Nadu engages in a political discourse with the BJP-led regime at the Centre over the delimitation of parliamentary and Assembly constituencies and the implementation of the National Education Policy, its use of the Tamil letter ‘Roo’ instead of the Indian currency symbol ‘₹’ in the promotional logo for the State Budget has …

TN’s growth rate consistent at over 8%: Economic Survey
2 weeks, 1 day ago

TN’s growth rate consistent at over 8%: Economic Survey

Deccan Chronicle  

As a highly industrialized and urbanized economy, the State aimed to achieve a US $1 trillion economy by 2030 through strategic planning to address challenges like climate change, demographic shifts, technological disruptions, and changing employment landscapes, according to the survey released in Chennai on Thursday, on the eve of the State’s Budget presentation in the Assembly. With just 4% of …

Tamil Nadu not just growing, also leading: MK Stalin on Economic Survey 2024-25
2 weeks, 1 day ago

Tamil Nadu not just growing, also leading: MK Stalin on Economic Survey 2024-25

India Today  

Tamil Nadu on Thursday released its first-ever Economic Survey for 2024-25, showcasing the state's economic progress and its roadmap to becoming a 1 trillion dollar economy by 2030. The report, presented by the Tamil Nadu State Planning Commission, highlighted the state's strong growth trajectory, with the Gross State Domestic Product reaching Rs 27.22 lakh crore in 2023-24. Tamil Nadu contributed …

Tamil Nadu’s first Economic Survey indicates State likely to maintain 8%+ growth rate
2 weeks, 2 days ago

Tamil Nadu’s first Economic Survey indicates State likely to maintain 8%+ growth rate

The Hindu  

Tamil Nadu’s first Economic Survey 2024-25 has indicated that the State is expected to maintain a growth rate of above 8% in 2024-25. Building on a strong foundation of inclusive policies, Tamil Nadu has demonstrated remarkable economic resilience, consistently achieving growth rates of 8% or more since 2021-22,” the report said. The survey highlighted that Tamil Nadu’s progressive social policies, …

Maharashtra’s economy set to grow at 7.3% in 2024-25, outpacing national growth: Economic Survey
3 weeks ago

Maharashtra’s economy set to grow at 7.3% in 2024-25, outpacing national growth: Economic Survey

The Hindu  

Maharashtra’s economy is projected to grow at 7.3% in the financial year 2024-25, surpassing the national growth estimate of 6.5%, according to the state’s pre-Budget Economic Survey tabled in the assembly on Friday. Maharashtra’s nominal Gross State Domestic Product for 2024-25 is estimated at ₹45.31 lakh crore, up from ₹40.55 lakh crore in 2023-24. During the rabi season, sowing covered …

T.N. government to present its first Economic Survey on March 14
3 weeks, 6 days ago

T.N. government to present its first Economic Survey on March 14

The Hindu  

The Tamil Nadu government may launch its edition of the Economic Survey on March 14, the day the government will table the State Budget on the floor of the Assembly. Last year, the Centre for Public Finance at the Madras School of Economics brought out a working paper, “Economic Overview of Tamil Nadu,” with inputs from the State government, especially …

Telangana contributes more to national economy, says TSA report
Trending News
1 month, 1 week ago

Telangana contributes more to national economy, says TSA report

Deccan Chronicle  

Hyderabad:Though Telangana’s share in India’s population is just 2.8 per cent of the national population, the state contributes 3.37 per cent of the country’s total industrial Gross Value Added. The urban districts of Medchal-Malkajgiri, Rangareddy and Sangareddy accounted for higher concentration of factories accounting 43.4 per cent of the total factories, 39.5 per cent of total workers, and 43.2 per …

Odisha’s growth down to 7.2 per cent: Economic Survey
1 month, 1 week ago

Odisha’s growth down to 7.2 per cent: Economic Survey

New Indian Express  

BHUBANESWAR: Even as Odisha’s economic growth is estimated to contract to 7.2 per cent in 2024-25 compared to the previous fiscal’s estimation of 8.5 per cent, the size of the economy is expected to be Rs 9.5 lakh crore, up by 10 per cent from Rs 8.6 lakh crore in 2023-24, revealed the Economic Survey Report tabled in the state …

External factors responsible for slowdown in growth: CEA Anantha Nageswaran
1 month, 4 weeks ago

External factors responsible for slowdown in growth: CEA Anantha Nageswaran

New Indian Express  

NEW DELHI: The golden era of globalisation probably disappearing amid geopolitical and policy uncertainties, resulting in the economic growth slowdown, Chief Economic Adviser V Anantha Nageswaran said on Friday. India's economy is likely to expand by 6.3 to 6.8 per cent in the coming fiscal, much lower than what is needed to become a developed country, and requires deregulation and …

At 3.16 per cent in five years, Kerala's economic growth 4th lowest in country
3 months, 1 week ago

At 3.16 per cent in five years, Kerala's economic growth 4th lowest in country

New Indian Express  

THIRUVANANTHAPURAM: Despite topping the national charts on various human-development indices, Kerala’s economy has been limping for some time now. Kerala’s average annual growth rate in gross state domestic product between 2018-19 and 2022-23 stood at 3.16%, with only Delhi, Uttarakhand and Goa performing worse. The quick estimate for 2023-24 showed that Kerala’s GSDP improved to rs 6.35 lakh crore, posting …

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG
3 months, 2 weeks ago

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG

Deccan Chronicle  

With its per capita income far exceeding the national average, Tamil Nadu was faring better in its contribution to national economy and the state's industries and services sectors played a pivotal role in increasing the Gross State Domestic Product by 14 per cent in 2022-2023 amounting to Rs 23,64,514 crore, Principal Accountant General, Tamil Nadu, D Jaishankar said on Tuesday.As …

Population Disparities in India: A Political Undercurrent
4 months, 4 weeks ago

Population Disparities in India: A Political Undercurrent

New Indian Express  

Chandrababu Naidu's focus on population growth in Andhra Pradesh highlights the political undertones surrounding the issue. An economics professor emphasizes that population size does not correlate with economic power, highlighting the disparities in budget allocation between the northern and southern regions of India. The representation of the five southern States in the Lok Sabha also reflects these demographic disparities. The …

Growing Economic Divide in India: A Threat to Federalism
4 months, 4 weeks ago

Growing Economic Divide in India: A Threat to Federalism

The Hindu  

The Economic Advisory Council to the Prime Minister (EAC-PM) released a paper titled, ‘Relative Economic Performance of Indian States: 1960-61 to 2023-24’. The report presents the share of each State in the country’s income and the per capita income compared to the all-India average. It highlights the growing economic divide in India, with the western and southern regions performing better …

Top 10 Richest Indian States: A Geographical Dive into Economic Power
5 months ago

Top 10 Richest Indian States: A Geographical Dive into Economic Power

Live Mint  

The Hurun India Rich List 2024 highlights the state-wise distribution of the country’s richest people with the highest net worth. States with notable entries include Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Odisha, Chandigarh, Jharkhand, Uttarakhand, Karnataka, West Bengal, Tamil Nadu, Telangana, Gujarat, Delhi, Maharashtra, and Delhi. Karnataka ranks sixth, with 108 entries, up from 72 in 2020, driven primarily by …

States' Economic Potential: A Focus on Growth and Prosperity
5 months, 1 week ago

States' Economic Potential: A Focus on Growth and Prosperity

New Indian Express  

NITI Aayog emphasizes the crucial role of states in achieving Viksit Bharat by 2047. The focus will be on accelerating economic growth at the state level to achieve this goal. The states with the largest economies, such as Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, and Delhi, will be prioritized in economic policy strategies.

Karnataka's Economic Growth Soars, Outperforming National Average
5 months, 1 week ago

Karnataka's Economic Growth Soars, Outperforming National Average

Hindustan Times  

Karnataka registers a 10.2% GSDP growth in 2023-24, significantly surpassing the national average of 8.2 per cent. Despite challenges like drought and global IT slowdown, the state's agriculture sector faced negative growth, while its dependence on the IT and hardware sectors made it vulnerable to global economic downturns.

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
5 months, 1 week ago

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn

The Hindu  

Karnataka's economy outperformed the national average with a GSDP growth of 10.2% in FY 2023-24, despite global economic challenges. The State's agriculture sector faced negative growth due to drought conditions, while its IT and hardware sectors were vulnerable to global recessionary fears. However, strategic governance and diversified growth drivers have ensured resilience. The State's per capita GSDP remains among the …

Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?
6 months, 1 week ago

Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?

Hindustan Times  

Southern Indian states have surged ahead of northern states after liberalisation, in terms of contribution to India's GDP as well as having higher-than-average per capita incomes, according to a Business Today article which cited an Economic Advisory Council report to the Prime Minister released on Tuesday, September 18, 2024. Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu collective account for …

The eastern states have a big role in India's development aim
7 months, 1 week ago

The eastern states have a big role in India's development aim

Live Mint  

In many parts of the world, convergence theory is playing out, with developing economies experiencing faster growth and gradually catching up to their wealthier counterparts. However, when we look at Indian states, especially those in the eastern region, we find that despite their vast mineral wealth and strategic locational advantages, they remain economically underdeveloped compared to other regions. However, as …

India’s per capita income to jump 70% by 2030, reach $4,000: Report
1 year, 7 months ago

India’s per capita income to jump 70% by 2030, reach $4,000: Report

Live Mint  

The per capita income of India is likely to grow around 70% by 2030 and is expected to reach $4,000 from current levels of $2,450, a research report by Standard Chartered Bank said. Telangana on top among states Telangana currently takes the top spot in the per capita income rankings with ₹2,75,443. However, the StanC report foresees a shift in …

Southern states key drivers of India's $5 trillion economy ambition: Amitabh Kant
1 year, 9 months ago

Southern states key drivers of India's $5 trillion economy ambition: Amitabh Kant

India Today  

India’s G20 Sherpa and former Niti Aayog CEO Amitabh Kant said southern states will play a central role in India's ambition to become a $5 trillion economy. He said southern states are way ahead in terms of GDP growth and per capita income, adding that they have achieved outstanding results in areas such as health, education, and nutrition. Kant went …

India’s GDP expanded 6.1% in 2022-23’s last quarter
1 year, 9 months ago

India’s GDP expanded 6.1% in 2022-23’s last quarter

The Hindu  

India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from the 7% estimated earlier, according to the provisional national income data released by the National Statistical Office on Wednesday. The higher-than-expected GDP growth last year could also temper growth expectations for this year, which the government and central …

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey
2 years ago

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey

News 18  

The Maharashtra Economic Survey, tabled on Wednesday, pegged the state’s economic growth at 6.8 per cent for the current financial year 2022-23. It said that in 2022-23, the state’s agriculture and allied activities sector is expected to grow 10.2 per cent, industry sector by 6.1 per cent and services sector by 6.4 per cent. According to the Economic Survey 2022-23, …

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN
3 years, 10 months ago

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN

News 18  

India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was “highly fragile” as the country was the “new hotbed of the pandemic.” The United Nations, in its mid-year update of the World Economic Situation and …

Slowing growth puts Karnataka on a par with national average
5 years ago

Slowing growth puts Karnataka on a par with national average

Live Mint  

The closing gap between the national growth rate and that of Karnataka presents a worrying trend, which could not only add to the woes of state, but could further impact services, agriculture and industries sectors, analysts said. If projections for 2020-21 holds true, then Karnataka’s estimated growth rate of 6.3% and the national growth rate of 6-6.5% is likely to …

State finances show worrying trend: Report
5 years, 5 months ago

State finances show worrying trend: Report

Live Mint  

New Delhi: Reflecting slowdown in the economy, monthly finances of 17 state governments show worrying trend with total receipts growing only 4.1% in the first five months of the current fiscal, compared to same period a year ago. "For the first five months of FY20, while capital expenditure grew only 0.6% year-on-year, core revenue spending grew 7.6% YoY. Thus, total …

State retained 7.5% growth, but farm sector in distress
5 years, 9 months ago

State retained 7.5% growth, but farm sector in distress

The Hindu  

Maharashtra’s economy grew at an estimated 7.5% in 2018-19, the same pace as the year before it, but growth in the agricultural sector collapsed to a mere 0.4% and crop output shrank by a sharp 8%. With industrial growth also contracting, it was only a sharp 9.2% growth in the Services sector that helped the State retain the 7.5% growth …

India forecasts 2018-19 GDP growth at 7.2% vs 6.7% provisional growth in 2017-18
6 years, 2 months ago

India forecasts 2018-19 GDP growth at 7.2% vs 6.7% provisional growth in 2017-18

India TV News  

India's GDP is estimated to grow at 7.2 per cent in 2018-19 compared to 6.7 per cent attained during the previous fiscal, official data showed here on Monday. "Real GDP or GDP at Constant Prices in the year 2018-19 is likely to attain a level of Rs 139.52 lakh crore, as against the 'Provisional Estimate of GDP for the year …

Opinion | The growth outlook and the investment potential of states
6 years, 7 months ago

Opinion | The growth outlook and the investment potential of states

Live Mint  

The Indian economy is now growing at over 7% per year despite an uncertain external environment and mixed domestic conditions. The quarterly data cited earlier indicates that along with overall growth, the growth of real investment or gross fixed capital formation also bottomed out in the first quarter of FY18 and has risen since then. The N-SIPI has ranked 20 …

Debate | Population Growth in Northern States Is a Huge Burden
7 years, 9 months ago

Debate | Population Growth in Northern States Is a Huge Burden

The Quint  

Let us take a peek into how the per capita GDP will look in the years to come. In a 2005 paper, Will India Become an Economic Superpower, Does It Matter & What Might Prevent It?, Stephen Howes, Lead Economist at the World Bank, makes per capita income projections to 2050 on the basis of historic growth rates. This indicates …

US Power: California Has 3% of India’s Population, 125% of Its GDP
8 years, 9 months ago

US Power: California Has 3% of India’s Population, 125% of Its GDP

The Quint  

As California, the US’ richest state, recently overtook France and Brazil to become the world’s sixth-largest economy, according to this Bloomberg analysis, a comparison with India reveals that California has 3% of India’s population but 125% of India’s gross domestic product. Texas follows California with a GDP of $1.58 trillion – 79% of India’s current GDP with 2.1% of its …

Indian economy poised to grow 7.3 % in 2016: U.N. report
8 years, 10 months ago

Indian economy poised to grow 7.3 % in 2016: U.N. report

The Hindu  

Notwithstanding delays in domestic policy reforms, India’s economy “is slowly gaining momentum” and “is projected to grow by 7.3 per cent this year,” a United Nations report forecast on Thursday. The World Economic Situation and Prospect report, in its mid-2016 update, has said India is expected to achieve a 7.5 per cent GDP growth in 2017 and the economic prospects …

India likely to improve economic growth to 6.3% in 2016: UN
10 years, 3 months ago

India likely to improve economic growth to 6.3% in 2016: UN

The Hindu  

India’s economic growth is expected to improve to 6.3 per cent in 2016 with the country leading economic recovery in South Asia, according to a United Nations report. It said India, which is estimated to record a 5.4 per cent economic growth in 2014, will see GDP growth improving to 5.9 per cent next year and 6.3 per cent in …

India likely to improve economic growth to 6.3% in 2016: UN
10 years, 3 months ago

India likely to improve economic growth to 6.3% in 2016: UN

India TV News  

United Nations: India's economic growth is expected to improve to 6.3 per cent in 2016 with the country leading economic recovery in South Asia, according to a United Nations report. It said India, which is estimated to record a 5.4 per cent economic growth in 2014, will see GDP growth improving to 5.9 per cent next year and 6.3 per …

India the brightest spot in Asia Pacific region: S&P
10 years, 3 months ago

India the brightest spot in Asia Pacific region: S&P

India TV News  

Washington: India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said. After a modest beginning, Prime Minister Modi's government has picked up the pace of reform, eliminating the diesel subsidy in early November, liberalising foreign investment into the insurance …

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