Economic trends of Tamil Nadu| Economy notes for TNPSC

TNPSC has released its calendar for 2022. Candidates can expect notification for various group exams very soon. It’s the right time to fast forward your preparation. Economy forms a major portion of various TNPSC group exams such as Group I, Group II & II-A, Group IV, etc. Apart from static economic gk, you need to be updated with the latest economic current affairs. The economy syllabus is quite vast. To help you in your preparation, we have compiled Economy notes for TNPSC under the topic “Economic trends of Tamil Nadu”.

Economy notes for TNPSC – Economic trends of Tamil Nadu E-book | Download link

Click on the link to download Economic Trends of Tamil Nadu in English

Click on the link to download Economic Trends of Tamil Nadu in Tamil

How to download Free E-book PDF?

1. Click on the below-given download link. You will be taken to Oliveboard’s FREE Ebooks Page. Alternately, you can download the Oliveboard Android App to access these on your smartphone.
2. Register/Login on to the Free E-Books Page of Oliveboard (It is 100% free, You just enter your valid email id and a password to be able to download the free PDF).
3. Once logged in you’ll see the message “Please click here to download the Free Ebook“. Click on the message to download that particular ebook.

Economy notes for TNPSC

Economic trends of Tamil Nadu

Key figures and their comparison:

Economic Indicators	2021-22 (Projected)	2020-21
Gross State Domestic Product (GSDP)	Rs 21,36,351 crore	Rs 19,43,399 crore
Total Expenditure	Rs 3,29,035 crore	Rs 3,06,917 crore
Total Receipts (Receipts + Borrowings)	Rs 2,08,553 crore	Rs 2,94,916 crore
Revenue Deficit	Rs 58,693 crore	Rs 65,994 crore
RD as % of GSDP	2.8%	3.40%
Fiscal Deficit	Rs 92,529 crore	Rs 96,890 crore
FD as % of GSDP	4.3%	4.99%
Primary Deficit	Rs 57,697 crore	Rs 66,917 crore
As % of GSDP	2.70%	3.44%
Per capita GSDP (at constant prices)		Rs 1,70,043

Expenditure in 2021 – 22

Capital expenditure for 2021-22 is proposed to be Rs 67,846 crore. Capital expenditure includes expenditure affecting the assets and liabilities of the state, such as (i) capital outlay, i.e., expenditure which leads to the creation of assets (such as bridges and hospitals), and (ii) debt repayment and grant of loans by the state government.  In 2021-22, capital outlay is estimated to be Rs 42,181 crore.

Revenue expenditure for 2021-22 is proposed to be Rs 2,61,189 crore. This expenditure includes the payment of salaries, pensions, and interest.

Sectoral expenditure in 2021-22

The sectors listed below account for 57% of the total expenditure on all sectors by the state in 2021-22.

1. Education, Sports, Arts, and Culture: Rs 40,208 crore

• Rs 10,514 crore has been allocated for government secondary schools
• Rs 9,606 crore has been allocated for government primary schools

2. Social Welfare and Nutrition: Rs 24,527 crore

• Rs 1,866 crore has been allocated towards Social Security Net- Indira Gandhi National Old Age Pension
• Rs 1,624 crore has been allocated for mid-day meals

3. Agriculture and allied activities: Rs 23,398 crore

• Rs 2,327 crore has been allocated towards crop insurance schemes

4. Health and Family Welfare: Rs 18,632 crore

• Rs 1,959 crore has been allocated towards establishment of government medical colleges with existing district/referral hospitals.
• Rs 1,577 crore has been allocated towards schemes under the National Health Mission.  Rs 713 crore has been allocated towards COVID-19 emergency response under National Rural Health Mission.

5. Transport: Rs 18,156 crore

• Rs 14,015 crore has been allocated towards capital outlay on roads and bridges.

6. Energy: Rs 16,020 crore

• Rs 7,108 crore has been allocated for taking over future loss of Tamil Nadu Generation and Distribution Corporation Limited (TANDGEDCO) under UDAY scheme. 
• Rs 4,563 crore has been provided to TANGEDCO for debt servicing under UDAY scheme. 

7. Rural Development: Rs 8,964 crore

• Rs 2,100 crore has been allocated towards MGNREGS
• Rs 833 crore has been allocated towards road/bridge works under PMGSY-Bharat Nirman

8. Urban Development: Rs 8,803 crore

• Rs 2,350 crore has been allocated for implementation of SMART cities mission

9. Irrigation and Flood Control: Rs 5,761 crore

• Rs 2,890 crore has been allocated for capital outlay on major irrigation

FAQs