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Tamil Nadu will return to double digit growth next year: State admin

Tamil Nadu is expected to register a positive growth rate of 2.02 per cent at 2011-12 constant prices in 2020-21 as against an All India negative growth rate of 7.7 per cent for the current fiscal.
Meanwhile, the State has asked the Centre to merge cesses and surcharges with the basic rate of tax so that States receive their legitimate share of revenue.
While presenting the interim Budget today, Tamil Nadu Deputy Chief Minister and State Finance Minister, O Panneerselvam, attributed the strongest performance among states to the primary sector, which grew at 5.23 per cent, with the livestock and fisheries sectors faring even better. Growth in the secondary sector is 1.25 per cent and in the services sector it is 1.64 per cent. This significantly better-than-expected growth in 2020-21 is due to the expeditious and effective measures taken by the Tamil Nadu Government to tackle the pandemic, Panneerselvam said. ....

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