Explain economical condition of Tamil nadu?
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Answer:
Tamil Nadu has the second-largest economy in India. Over 60% of the state is urbanized, accounting for 10.6% of the urban population in the country, while only comprising 6% of India's total population. Services contributes to 45% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 21%. Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the first most economically free state in India by the Economic Freedom Rankings for the States of India.
❥ Tamil Nadu has the second-largest economy in India. Over 60% of the state is urbanized, accounting for 10.6% of the urban population in the country.
❥ while only comprising 6% of India's total population. Services contributes to 45% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 21%
❥ 23% of GSDP (2019–20 est.) ₹454,176 crore (US$64 billion) (2.56% of GSDP) (2019–20 est.) ₹2.98 lakh crore (US$42 billion) (2020–21 est.)
❥ It has been ranked as the first most economically free state in India by the Economic Freedom Rankings for the States of India.
↬ Agriculture, fishing, and forestry
Agriculture is the mainstay of life for about half the working population of Tamil Nadu