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State Report (2008)
Tamil Nadu is amongst the most industrialised states in India today. It ranks next only to Maharashtra in terms of the contribution of the manufacturing sector to the GSDP. The town of Tiruppur (Coimbatore district) is the largest garment exporting cluster in India. The state capital is considered an ideal location for software projects. The town of Sivakasi is a leader in the areas of printing, fireworks and safety matches, and was fondly referred as "Little Japan" by Jawaharlal Nehru while reflecting on its innovative spirit.
With a gross domestic product of US$ 46.1 billion, Tamil Nadu is a well developed state in terms of industrial development. In the post-liberalisation era, the state has emerged as a front-runner in attracting a large amount of domestic and foreign investments. It is one of the major recipients of FDI, with a 13.53 per cent share.
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State Presentation (2008)
Tamil Nadu ranks next only to Maharashtra in terms of contribution to manufacturing sector to NSDP. The index of industrial production in the state during 2005-06 registered a growth of 8.5 per cent and above 8.2 per cent during the previous year. The manufacturing group with highest weight in the index performed well during 2005-06 with a robust growth of 9.3 per cent.
The state also has the highest credit-deposit ratio in the country - which worked out to 109.05 per cent in 2005-06 as against 99.84 per cent in the previous year.
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