Tamilnadu Economy Thread

[N.kumar]

Anbazhagan budget figures. wait for revised estimates by ops

TN now


The revenue expenditure during 2010-2011 is estimated at Rs.66,488.19 crores

TN - share from central tax is 10401.69,state tax rev - 41,438, non tax rev - 4101.28 - that 55941.

grant from centre of Rs.7,150.45

63,091.74 as total revenue receipts.

Grants from centre are treated as non tax revenue from centre.

revenue deficit is estimated at Rs.3,396.45 crores.


The total capital expenditure including loans and advances (net) in 2010-2011 is projected at Rs.12,825.68 crores.

fiscal deficit for the coming financial year will be Rs.16,222.13 crores.

[N.kumar]

States like gujarat have to be commended for managing it without alcohol revenue. states which dont follow TASMAC model also to be commended.

Some states have capital receipts, deficit financing through borrowings. RBI has split these borrowings to give final deficit.

During economic depression times deficit financing is recommended.

The real revealing will be in capital expenditure of any states.

Esp capital expenditure under developmental tasks under social and economic projects,

That will tell whether capital expenditure is on fruitful things.


for TN this is the document. someone can post it as image.


http://rbidocs.rbi.org.in/rdocs/Publ...A4SF280311.pdf

[R2IChennai]

Originally Posted by murlee

Interesting.. Why did our receipts go down in 2009-10 when compared to 08-09?? Ours is the only state that received less in 2009-10 when compared to 08-09.... Strange!!

AP with only 15% more population than us has almost 40% more revenues?
how did they manage with such huge revenues?
where does Central govt plan outlay comes into picture, because i see lot of plan outlay for karnataka and AP (almost double)

[murlee]

Maybe coz AP is better in natural resources like huge mines.. and The KG oil and gas basin.. Maybe these things could help them out! They r a bigger state too...

[R2IChennai]

Originally Posted by murlee

Maybe coz AP is better in natural resources like huge mines.. and The KG oil and gas basin.. Maybe these things could help them out! They r a bigger state too...

Could be, But can someone please explain how this annual outlay for states work, I always see half of the amount to TN compared to Karnataka and AP
again AP sold part of hyderabad to private builders and minted money in the last couple of years (5k-10k crores)

[N.kumar]

R2I

Check out AP capital receipts- land sale will be part of that.

Ap has lots of mine for cement, iron, and more. So revenue comes from that.

That said TN has 21% of the revenue receipts as pension expenditure itself.

Central govt plan outlay will be part of non tax revenue component of revenue receipts.

Check it, you should ge the idea.

[Leo_r]

TN Capital Expenditure - 1..

[Leo_r]

TN Capital Expenditure - 2..

[Leo_r]

TN Capital Expenditure - 3..

[Arul Murugan]

And cross posting

Originally Posted by Arul Murugan

And now figures!






1990-91 31339 crores
1995-96 78205 crores

Nearly 149% growth.

1996-1997 89237 crores
2001-2002 148000crores

Nearly 65% growth

2002-2003 155099crores
2006-2007 276917crores

Nealry 78% growth

2007-2008 304989
2009-2010 464009



we have to wait for 2011 data to knowGDSP at current prices!!

The state economy grows in same trend who ever comes to rule.

[ChennaiIndian]

How are guys getting all these numbers? Do you work for the Govt?

[R2IChennai]

Originally Posted by ChennaiIndian

How are guys getting all these numbers? Do you work for the Govt?

tn.gov.in la thedupa

[Leo_r]

States Cumulative Debt as on March 2011...

[Raji7373]

http://www.business-standard.com/ind...-tn-ap/438125/

The Gross Domestic Product (GDP) growth rate in South Indian states, especially Tamil Nadu and Andhra Pradesh, have slowed down considerably and fell below the national average of 8.7 per cent.

A report by Confederation of Indian Industry (CII) and McKinsey & Co shows that GDP growth for Tamil Nadu and Andhra Pradesh stood at 7.4 per cent between 2005 and 2010, while Karnataka grew 8.5 per cent and Kerala 8.1 per cent.
The report said while Gujarat and Haryana grew 11.3 per cent and 11 per cent, respectively, Bihar recorded 9.6 per cent and Uttarakhand 7.8 per cent growth.

Industry leaders say several factors, including rising land prices, labour shortage, infrastructure bottlenecks and growing urban congestion in major metros including Chennai, Bangalore and Hyderabad, have resulted in the decline in growth rate.
The study said growth in other states was primarily on the back of stable policy initiatives by state governments, significant investments in infrastructure and growth in specific industry clusters.

Bihar and Uttarakhand, have shown impressive growth of 16 per cent and 14 per cent respectively, aided by investor-friendly government policies. For instance, Uttarakhand has created a simplified procedure for setting up industries, provided investment subsidies and exemptions on entry tax on plant and machinery for industries. Similarly, the Bihar government has increased its spending on development projects, which catalysed the state’s growth.

The study said the state governments in South India should focus on increasing physical infrastructure, including power, roads, ports, logistics and housing, which, in recent years, has not kept pace with the demand. The other focus areas should be managing talent and its availability, further strengthening policy and building capability to move up to the value chain across sectors.

South India had been a major driver of growth for India from 2000 to 2010, contributing to over 22 per cent of India’s GDP and 28 per cent of its employment. The opportunity in the region is estimated to touch $500 billion by 2016 and around $650 billion by 2020.

[R2IChennai]

Originally Posted by Leo_r

States Cumulative Debt as on March 2011...

FYI AP did 60000 crores of Irrigation canal work in the last 5 years.

[Leo_r]

States Earning Power:

[dineshderick]

The Economy of Tamil Nadu is one of the most dependable, consistent and developing of our country. The state of Tamil Nadu offers one with very bright picture of a progressive economy. The state is well equipped with all the needed infrastructural support to boast economic growth and enhance industrial development of the state. Tamil Nadu has maintained a perfect balance between agricultural production and industrial development.


The state is well equipped with all needed infrastructure that will boast of further development in the state.

Transportation in Tamil Nadu is easy and comfortable. The state is well accessible by air, road and railways. The “Tamil Nadu Road transport” looks after the proper maintenance of the roads.

Tamil Nadu is probably the only state with a surplus of electricity generation which is possible because of the vast reserve of Energy and Power that is harnessed for further development of the state.

The telecommunication system of Tamil Nadu is a highly developed one which enables the people to communicate with anybody and everybody with ease and convenience.

Most of the people of Tamil Nadu depend on agriculture. The farmers use technologically aided methods to boost up agricultural productivity and improve the quality of crops.

Tamil Nadu is blessed with many significant industries that help in strengthening the economy of the state.

Mining is an important industry in Tamil Nadu. The mining industry provides the requisite raw materials to the Iron and Steel industry of the state and boasts up the industrial development.

Tamil Nadu has a great potential for the tourism industry. The state is blessed with picturesque landscape and deep blue sea which makes the place very attractive and appealing to the tourist.

The Banking and Financial Institutions of Tamil Nadu form the backbone of the economy of the state which helps in stabilizing the economic conditions of the people of the state.

Source:http://www.mapsofindia.com/tamilnadu/economy/

[dineshderick]

http://www.maharashtraweb.com/TamilN...adueconomy.htm

[Raji7373]

Originally Posted by dineshderick

Tamil Nadu is probably the only state with a surplus of electricity generation which is possible because of the vast reserve of Energy and Power that is harnessed for further development of the state.

Source:http://www.mapsofindia.com/tamilnadu/economy/

This is the funniest news I have ever read in past few years...

Ippadi ellam thappu thappana news paduchu namaley namala samadana padithikku vendiyathu...adhutha 5 varushthukku...

[kannan infratech]

Originally Posted by Raji7373

This is the funniest news I have ever read in past few years...

Ippadi ellam thappu thappana news paduchu namaley namala samadana padithikku vendiyathu...adhutha 5 varushthukku...

Maybe an old news item or not edited recently.

TN was power surplus not very long ago. TN Govt will give power to Kerala & Karnataka and get water instead.