Question

Explain GSDP in Tamil Nadu.

Answer 1

GSDP in Tamil Nadu:

1. GSDP refers to the total money value of all the goods and services produced annually in the state.
2. According to Tamil Nadu’s Directorate of Economics and Statistics, Tamil Nadu is the second-largest economy in India with a GSDP of $207.8 billion in 2016 -17
3. The GSDP of Tamil Nadu is equal to the GDP of Kuwait on nominal terms and the GDP of UAE on PPP terms.
4. Sectoral contribution of GSDP of Tamil Nadu
   • Tertiary sector – 63. 70%
   • Secondary sector – 28.5%
   • Primary sector – 7.76%