Unemployment and Poverty
National average of unemployment rate stands at 50 and Tamil Nadu ranks 22nd with unemployment rate of 42 per 1000.
There are different kinds of unemployment with different economic implications. All those aspects need to be studied to fully understand the employment situation.
Tamil Nadu is one of India’s richest states Since 1994, the state has seen a steady decline in poverty. Today, Tamil Nadu has lower levels of poverty than most other States in the country. After 2005, Tamil Nadu was among India’s fastest growing states, with growth being driven mainly by services.