State Domestic Product (GSDP)
GDP, the Gross State Domestic Product refers to the total money value of all
the goods and services produced annually in the State.
Nadu is the second largest economy in India with a GSDP of $ 207.8 billion in
2016-17 according to the Directorate of Economics and Statistics, Tamil Nadu.
The GSDP of Tamil Nadu is equal to the GDP of Kuwait on nominalterm and GDP of UAE
on PPP terms.
of Tamil Nadu is far higher compared to many countries as shown below. This is
mainly due to population effect. Per capita GSDP would be better for
intercountry or interstate comparisons. Tamil Nadu may go below if per capita
GSDP is considered for comparison.
tertiary sector (service sector) is the major contributor to Tamil Nadu’s GSDP
at 63.70%. The secondary sector (Industry) contribution is gradually on the
rise and now it is 28.5%. Agriculture occupies a prominent position in
occupation but its contribution to GSDP is declining and now it is just 7.76%.
This means that the tertiary and secondary sectors have grown faster, the
agricultural sector has grown slow. Agriculture sector provides employment and
food to larger proportion of Indians and Tamils. But, the same sector is
growing slowly means it is not good. With this trend sustainable development
may not be possible.
capita GSDP of Tamil Nadu also ($ 2,200) which is higher than that of many
other States in India. Per capita GSDP of Tamil Nadu is nearly 1.75 times
higher than the national average, as per 2018 data. In term of Rs. the per capita income in Tamil Nadu was Rs. 1,03,600 in 2010-11 and it has increased
to Rs.1,88,492 in 2017-18 as per the
Budjet figures 2018.
capita income of Tamil Nadu among the southern States is given below: