The final numbers were higher than what the Tamil Nadu budget had predicted.

Tamil Nadu: Ending a 14-year dry spell, Tamil Nadu‘s economy has achieved a double-digit economic growth rate, The Hindu reports. Based on the revised estimates from the Union Ministry of Statistics and Programme Implementation, the southern state’s economy experienced a double-digit growth rate of 11.19% in real terms during the 2024-25 financial year.

The last time the State registered a double-digit growth rate was in 2010-11, when it reached 13.12%. The DMK, coincidentally, was in power during both of the instances. The revised estimates were recently prepared on August 1, 2025. The base year for the current estimates is 2011-12. The strong performance by the tertiary and secondary sectors contributed to the growth, former Director of the Madras School of Economics, K R Shanmugam said.

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Five months ago, Tamil Nadu was estimated at 9.69%. As per the newest data, the figure has increased by about 1.5%, to the current growth rate of 11.19%. Not only Tamil Nadu became the top performing State, but has also achieved double-digit growth. This observation is made from the data analysed from all states except in six States – Goa, Gujarat, and four northeastern States – and two Union Territories, for which data has not been made public yet.

The final numbers were higher than what the Tamil Nadu budget had predicted. The government had modestly projected a real growth of 9% for 2024-25. However, the actual growth turned out to be much better, surpassing their forecast by nearly 2.2%. As a result, the state’s GSDP is now estimated at ₹17,32,189 crore for 2024-25, a significant increase from the previous year’s GSDP of ₹15,57,821 crore.

The revised figures also show that the economy performed better in 2023-24 than the State had initially thought. Consequently, the real GSDP growth for that year was revised upward from 8.23% to 9.26%. However, the GSDP growth for 2022-23 was lower than estimated, having been reduced from 8.13% to 6.17%.

According to new data on per capita Net State Domestic Product (NSDP), Tamil Nadu’s per capita income is estimated at ₹3,61,619 for 2024-25, which puts the state in third place behind only Telangana (₹3,87,623) and Karnataka (₹3,80,906).

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Dr Shanmugam, an economic consultant, commented on the state’s economy and is optimistic about its progress, The Hindu reports. He believes that if the State economy continues to grow, and its exports remain strong, it will hit the goal of a trillion-dollar economy by 2031-32.

If all the major sectors grow by half-a-percent more than what they did in 2024-25, the State economic growth may be around 12% during the current year (2025-26), the Hindu cites what Dr Shanmugam is saying.

The Union Ministry’s data points out the growth rates for several states in 2024-25: Uttar Pradesh-8.99%; Andhra Pradesh-8.21%; Telangana-8.08%; Karnataka-7.37%; and Maharashtra-7.27%.