After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms during 2024-25 with 11.19%, according to the revised estimates of the Union Ministry of Statistics and Programme Implementation for various States.
In 2010-11, the State registered 13.12%. Coincidentally, on both occasions, the DMK was in power. The latest revised estimates were prepared as on August 1, 2025. Fifteen years ago, the base year was 2004-05, whereas it is 2011-12 now. Former Director of the Madras School of Economics, K.R. Shanmugam, attributes the growth to the strong performance by the tertiary and secondary sectors.
About five months ago, when the State-wise advance estimates were made public, Tamil Nadu’s real economic growth was 9.69%. The latest figure marks an increase of about 1.5 percentage points. Apart from having finished the topper, Tamil Nadu has accomplished what no other State has done — recording the double-digit growth. It may be noted that the data for six States — Goa, Gujarat, and four northeastern States — have not been made public yet, apart from those for two Union Territories.
In fact, the figures exceeded the forecast made in the Tamil Nadu Budget presented early this year. The State government was modest in projecting Tamil Nadu’s nominal Gross State Domestic Product (GSDP) to grow at 14.5% in 2024-25, with real growth put at 9% and an average inflation of 5%. But the real growth is higher by nearly 2.2%. At constant prices (base year: 2011-12), Tamil Nadu’s GSDP is estimated at ₹17,32,189 crore for 2024-25, up from ₹15,57,821 crore in 2023-24.
