Which is the fastest growing state in South India?
Telangana. Telangana is one of the fastest-growing states in India posing average annual growth rate of 13.90% over the last five years.Which South Indian state has the highest GDP?
'31% of India's GDP in 2023-24 came from south states'
According to the report, South India contributed 31% to India's GDP in 2023-24, with Tamil Nadu and Karnataka taking the top two spots, followed by Telangana and Andhra Pradesh.Feb 11, 2025
Tamil Nadu is expected to maintain a GDP growth rate above 8% in 2024-25, according to the state's first Economic Survey, and has consistently achieved growth rates of 8% or more since 2021-22.
Here's a more detailed breakdown:
• Economic Survey:
Tamil Nadu's first Economic Survey 2024-25 indicates the state is likely to maintain a growth rate above 8% in 2024-25.
• Consistent Growth:
The survey highlights the state's economic resilience, showing that Tamil Nadu has consistently achieved growth rates of 8% or more since 2021-22.
• Per Capita Income:
Tamil Nadu's per capita income growth has consistently outpaced the national average, with a per capita income of ₹2.78 lakh in 2022-23, 1.64 times the national average of ₹1.69 lakh, making it the fourth-largest state in per capita income.
• Target for 2030:
Tamil Nadu has set a target to become a $1 trillion economy by 2030.
• GSDP Growth:
In 2023-24, Tamil Nadu's GSDP (at constant prices) grew at 8.2%, the same as in 2022-23.
• Services Sector Contribution:
The services sector contributed 53.63% of the state's Gross State Value Added (GSVA) in 2023-24.
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