Overview
This article reports that Tamil Nadu has achieved the second-highest per capita net state domestic product (NSDP) in India, attributed to effective welfare programs and administration.
Tamil Nadu's Economic Achievement
- Tamil Nadu ranks second in per capita net state domestic product in India, as announced by the Union Ministry of Statistics and Programme Implementation.
- The state's strong economic performance is linked to welfare programs implemented since 2021.
- Developmental milestones achieved since 2021 have been highlighted as key to this economic progress.
National and State Income Figures
- The per capita net national income (NNI) at constant prices for 2024-25 is ₹1,14,710.
- Tamil Nadu’s per capita NSDP for the same period stands at ₹1,96,309.
- These figures are based on provisional estimates from the National Statistical Office.
Factors Contributing to Tamil Nadu's Performance
- Despite limited new welfare programs and insufficient central funding, Tamil Nadu has maintained economic growth.
- The state's performance is credited to efficient administration and the leadership of Chief Minister M.K. Stalin.
- Visionary welfare schemes are highlighted as a major driver of economic achievements.
Key Terms & Definitions
- Per capita net state domestic product (NSDP) — The average income earned per person in a state, after accounting for depreciation.
- Net national income (NNI) — The total income of a nation’s residents, after accounting for depreciation, divided by the population.
- Constant prices — Economic values adjusted for inflation, reflecting real purchasing power.
Action Items / Next Steps
- Review figures for per capita income at both national and state levels.
- Study the role of welfare programs and governance in economic development.