Telangana, Tamil Nadu and Rajasthan registered the highest growth in real GSDP

Current Context: Telangana, Tamil Nadu, and Rajasthan have shown impressive growth in their real gross state domestic product (GSDP) for FY24.

Growth Rate: 9.2%
GSDP: ₹7.9 lakh crore
Key Drivers: The services sector, particularly IT and IT-enabled services, played a crucial role in Telangana’s economic growth. Hyderabad, the state’s capital, has become a major tech hub, attracting significant investments from global tech companies. Additionally, the state’s focus on infrastructure development and industrial growth has contributed to its robust economic performance.

Growth Rate: 8.2%
GSDP: ₹15.7 lakh crore
Key Drivers: Tamil Nadu’s growth was driven by a diverse range of sectors. The state has a strong manufacturing base, particularly in automobiles, textiles, and electronics. The services sector, including IT, healthcare, and education, also contributed significantly. Chennai, the state’s capital, is a major industrial and commercial center, further boosting the state’s economy.

Growth Rate: 8%
GSDP: ₹11.5 lakh crore
Key Drivers: Rajasthan’s growth was largely driven by the agriculture and allied sectors, given the state’s extensive agricultural activities. Additionally, the state has been focusing on renewable energy, particularly solar power, which has attracted investments and boosted economic growth. Tourism also plays a significant role in Rajasthan’s economy, with its rich cultural heritage and historical sites drawing visitors from around the world.

Question:

1 What was the gross state domestic product (GSDP) of Tamil Nadu for FY24?