Chennai, 07th December 2022 : “Tamil Nadu will be better buffered and protected when compared to the other states in the event of a global recession,” said Dr Palanivel Thiaga Rajan, Hon’ble Minister for Finance & Human Resource Management, Government of Tamil Nadu at the TN Finance Conclave organized by the Confederation of Indian Industry (CII) here today. The theme for this year Conclave was ‘Managing Challenges, Driving Growth’.
“Tamil Nadu is a unique State in many dimensions. TN boasts of over 10,000 more factories compared to other States in India. Further, as a State, the people have a greater purchasing power and is largely a self-contained economy when compared to other States,” he added.
“From the fiscal side, the final deficit account stands at 3.38% and is lower by 0.5% laid down by the Union Government. This year also we are on track to repeat a good performance. On the operational side, Tamil Nadu has jumped to the 3rd Position from the 14th position under the ease of doing business category. Our ranking has gone up in the electronics, textile, leather apart from the auto sector in the past 18 months,” he pointed out.