Economic Contribution of Southern States:
Chief Economic Adviser (CEA) V. Anantha Nageswaran emphasized that Southern Indian states should benchmark their economic performance against global standards rather than just other Indian states, highlighting the economic strength of the region and areas requiring improvement.
Economic Contribution of Southern States:
- Economic Contribution: Southern States account for 30% of India’s GDP, with Tamil Nadu and Karnataka leading in Gross State Domestic Product (GSDP) growth after Maharashtra in FY 2024-25.
- Higher Growth Rate: The South records 6.3% annual GSDP growth in real terms, compared to 5% for the rest of India.
- Per capita GDP is rising at over 5%, compared with the rest of India per capita GDP growth of 4.2%.
- Manufacturing & Investment: 37.4% of total factories and 37% of operational factories are located in South India.
- 25.6% of India’s total fixed capital investment comes from the region.
- 33% of India’s manufacturing workforce is based in South India.
