Chennai, May 11 – Tamil Nadu has emerged as a front-runner in industrial development, exports, and job creation, according to a statement from the state government on Sunday. The government's proactive measures, under the leadership of Chief Minister MK Stalin and the DMK party, have played a pivotal role in these advancements.
Strong Investment Surge and Job Creation
Tamil Nadu's economic growth is particularly marked by the signing of 897 memoranda of understanding (MoUs) that have collectively brought in an impressive Rs 10.27 lakh crore in new investments. These agreements are set to generate approximately 32.23 lakh additional job opportunities, significantly contributing to the state's employment sector.Exceptional Growth Rate
The state has experienced a remarkable 9.69% growth rate, a figure that outpaces other states in the country, propelling Tamil Nadu to the "No.1" position in terms of growth. This achievement highlights the state's dynamic approach to economic development and growth.Surge in Exports
Exports from Tamil Nadu have seen a substantial increase, with the state's product exports doubling from USD 26.15 billion in 2020-21 to an expected USD 52.07 billion by 2024-25. This surge underscores the state's expanding role in global trade and its growing manufacturing and export capabilities.Leadership in Key Sectors
In addition to industrial growth, Tamil Nadu has shown leadership in several other key sectors, including software exports, job creation, social indicators, and higher education enrollment. These figures reflect the comprehensive development approach of the state government, ensuring progress in various critical areas of public and economic life.These milestones reflect Tamil Nadu's continued rise as a key economic powerhouse in India, driven by strong government policies and strategic investments aimed at fostering long-term growth and stability.
