Tamilnadu Economy Thread

[kongutamizhan]

Originally Posted by murlee

Finally.. from planning commission..

http://i.imgur.com/XLkp0.jpg

SRC: http://planningcommission.nic.in/dat...04/tab_110.pdf

Reminds me of a vivek comedy. Ethanai vazhigalada, adhil than ethanai kuzhigalada.

Our official sites have different data / multiple versions for something as simple as a GDP info. I don't know why is it so complex to maintain a single valid source. oru 10 varusha data for all states maintain pannurathu (even at higher level like state level) avallavu kashtama?

idhula vera at current prices / at 2000 prices / at raja raja cholan kaala prices'nu vera thevai illadha junk data vera vechikkuvanuga

[karkal]

Originally Posted by murlee

Well.. kar has a much bigger IT industry than us.. but they managed some decent growth..

2008-09 and 2007-08 were the major letdowns for us..

2007-08 was pre-recession and India grew at 9.3%.. 6% for us in tht year is worst..

Something happened in 2007-08 period that affected us pretty badly for 2 years... dunno what thatha did!!

The ruling family were at odds with kodi brothers during that period.

[murlee]

[murlee]

[murlee]

This site has everything.. Very well given stats..

http://planningcommission.nic.in/data/datatable/

[kongutamizhan]

Thanks Murali.

Ippo purinjichi. I think TN GDP'm, Gujarat GSDP'm eduthu inga compare senju oru ara vekkattu article ezhudirukanuva

[murlee]

Originally Posted by kongutamizhan

Thanks Murali.

Ippo purinjichi. I think TN GDP'm, Gujarat GSDP'm eduthu inga compare senju oru ara vekkattu article ezhudirukanuva

Adhula koduma enna na.. Indha thappana article eh base ah vechu oru nadhari BBC le article ezhuthirikan..


Is Gujarat's red hot economy a myth?

[kongutamizhan]

I smell congie dirty work dept hand here. (Got to dig if A K Bhattacharya is a commie too). Anyways we'll stop here

[murlee]

Dunno abt Bhattacharya..

But that Biswas guy in BBC is one of the guys I hate.. Every article of his will be negative abt India.. A**hole.. And he is clearly anti-modi.. keeps on writing abt 2002 riots..

[krishnaswamy]

hm..thanks murlee,
clearly all the data tables depicts the FACT..
hope everyone goes through the tables and realizes on what they posted here..

[krishnaswamy]

what is the fiscal deficit % of GSDP based upon?

it has increased from -1.05 to -2.72 in the last 3 years...and now it is -2.4.. significant .3% reduction..
could someone explain me?

[Vicvin86]

It increased from 2.49 to 2.72 and the projection is based on tariff increase.. Guidelines say its better to keep it less than 3

[krishnaswamy]

Vinoth
it actually increased between 2009 to 2010. In 2011, it is decreased.. to -2.1..
significant reduction right .6%?
2009-2010: -2.49
2010-2011(Pre actual): -2.72
2011-2012(BEI): -2.1

[murlee]

Originally Posted by krishnaswamy

what is the fiscal deficit % of GSDP based upon?

it has increased from -1.05 to -2.72 in the last 3 years...and now it is -2.4.. significant .3% reduction..
could someone explain me?

fiscal deficit is the difference btwn revenue receipts and total expenditure.

If the value is -ve means, we are spending more than the revenue we are receiving. In practice, it is okay for us to have a deficit upto 3%, the lesser the better, acc. to FRBM act.

Mostly all states are doing well.. It is the centre that is the culprit..

[murlee]

Guys.. Mr. Bhattacharya has corrected his article and given the correct stats..

This table gives the Real growth rate of GSDP from 2004-05 to 2010-11.. TN does slightly better than Guj.. This table is the source for Bhattacharya's article..



http://planningcommission.nic.in/dat...04/tab_118.pdf

[Vicvin86]

Originally Posted by krishnaswamy

Vinoth
it actually increased between 2009 to 2010. In 2011, it is decreased.. to -2.1..significant reduction right .6%?
2009-2010: -2.49
2010-2011(Pre actual): -2.72
2011-2012(BEI): -2.1

yes and it was mentioned in TN govt press release..

[madurakarenda]

Spinning mills in the southern Indian state of Tamil Nadu are seeking restructuring of debts and permission for availing new bank loans.

The Central and State governments should intervene and protect the spinning mills in Tamil Nadu that have been badly affected in the recent years due to power shortage and high taxes, the Madurai Spinners’ Association said.

PS Sivaprasad, President of the association, said until a few years ago, Tamil Nadu was the leading state in the spinning sector. Even at present, Tamil Nadu accounts for about 45 percent of total installed ‘spindlage’ in the country.

The spinning mills in the state have been able to compensate high costs of transporting cotton from other states due to availability of skilled labour and technical know-how.

In recent years, however, the spinning mills in Tamil Nadu have lost their traditional advantage to mills in Maharashtra, Gujarat and Andhra Pradesh, which operate at efficiency rate of 98 percent.

In comparison, the efficiency of mills in Tamil Nadu has declined to 30 percent, mainly due to the power crisis. Some large mills have been able to boost their efficiency rate up to 50 percent through use of diesel-powered generators.

The problems faced by spinners are not restricted to power shortage and there are several other issues such as rise in cost of raw materials that are facing the sector, Mr. Sivaprasad said.

The spinning mills in the state pay nearly Rs. 23 per kg towards the Central Sales Tax (CST), freight charges and other costs, he added.

Moreover, the hike in cotton prices last year resulted in several spinning mills losing their working capital.

In view of such problems faced by Tamil Nadu spinning sector, the association urged the Central Government to allow restructuring of debts and sanctioning of new bank loans.

It further asked the state government to initiate steps to save the sector as thousands of workers will lose their jobs in the event of closing down of mills.


Fibre2fashion News Desk - India


http://www.fibre2fashion.com/news/te...news_id=110704

[Vicvin86]

Originally Posted by murlee

Guys.. Mr. Bhattacharya has corrected his article and given the correct stats..
http://planningcommission.nic.in/dat...04/tab_118.pdf

This when state is reeling under powercuts. Great work TN!

[R2IChennai]

I am suprised wiht TN with 6.88% aggregate growthe from 2004 in Agri, I thought we are going negative despite so much problem with water sharing with neighbouring states and tsunami etc

[kongutamizhan]

Originally Posted by murlee

Guys.. Mr. Bhattacharya has corrected his article and given the correct stats..

This table gives the Real growth rate of GSDP from 2004-05 to 2010-11.. TN does slightly better than Guj.. This table is the source for Bhattacharya's article..

gr8. we'll overrun them if we start implementing vision 2023 to its true spirit. And I don't mind as long as debts are good debts