April 26, 2025

Economy India
Artha Pradesh

Tamil Nadu and Karnataka will be $1 tn economies in 2 years Amitabh Kant’s big prediction

by Manohar Manoj0666


Amitabh Kant, the former CEO of Niti Aayog and India’s G20 Sherpa, said that Karnataka and Tamil Nadu will become $1 trillion economies over the next two years
Kant was speaking at the India Today Conclave South 2023 in a session on the role of southern states in ‘Make in India’
According to him, South India contributes to around 30 per cent of the nation’s GDP
Amitabh Kant, the former CEO of Niti Aayog and India’s G20 Sherpa, said that Karnataka and Tamil Nadu will become $1 trillion economies over the next two years, emphasising the significance of the southern states in the country’s ambition to grow to a $5 trillion economy. Kant was speaking at the India Today Conclave South 2023 in a session on the role of southern states in ‘Make in India.’
“Tamil Nadu and Karnataka will be $1 trillion economies in another two years. So, India’s ambition to be a $5 trillion economy and then a $10 trillion economy — a lot of that will have to be driven by the southern states,” Kant said. “They will have to be the key drivers at the forefront to really drive India’s growth,” he added.
According to him, South India contributes to around 30 percent of the nation’s GDP, and the per capita income of southern states is significantly higher than other parts of the country. Kant stated that Tamil Nadu, Telangana, Karnataka, and Kerala are examples of states in the nation’s southern region that have excelled in several areas. He said, “Tamil Nadu, for example, has excelled in manufacturing; it is the most outstanding skilled labour available in terms of cutting-edge sectors. Then there is Telangana, which has excelled in the pharmaceutical sector. Almost 35-40 per cent of India’s pharma products come from there.
“Kerala itself has excelled in travel and tourism in a very big way, and it created a unique brand for itself; Karnataka has been the services center for India for almost 2-and-a-half decades and has driven India’s services economy,” he added.
He also talked about how Andhra Pradesh, which has excelled in the manufacturing and pharmaceutical industries, is now positioned for significant growth in renewable and green energy areas.”These states have truly demonstrated outstanding work and human development indices, so the quality of life and the social indicators in health, education, and nutrition have all been very high. Compared to the rest of India, they have been way ahead,” he said.
“This really shows the work done over several years. Despite changes in government, the consistency of policy on social development has really yielded results in these states,” Kant added.

Related posts

Media Editors Encourage Positive Values in Youth Through Constructive Role

NM Media

Implementation of 4Ds: Decisive leadership, Demand, Demographic Dividend, Democracy made Uttar Pradesh investment friendly: Shri Goyal Posted On: 28 SEP 2024 8:37PM by PIB Delhi Union Minister of Commerce & Industry, Shri Piyush Goyal during his valedictory speech at the 2nd edition of Uttar Pradesh International Trade Show (UPITS) said that Prime Minister Shri Narendra Modi’s efforts in developing Uttar Pradesh will help the state reach US$ 1 trillion economy in the first phase. Shri Goyal noted that the double engine Government of Uttar Pradesh led by Shri Yogi Adityanath under the guidance of the Prime Minister will help India become a US$ 5 trillion economy in the first phase, and will serve as a cornerstone for India to become a US$35 trillion economy and a ‘Viksit Bharat’ by 2047. Shri Goyal noted that the industrial and other proactive policies implemented by Shri Yogi Adityanath with the visionary goals of the Prime Minister has led the state to become a holistic model of development in the country. Highlighting the journey of Make in India program, Shri Goyal said that PM Modi’s vision to initiate this journey on September 25, 2014 to make India a domination nation at the global stage in manufacturing will produce employment and entrepreneur opportunities for the youth. Shri Goyal announced that a decision has been taken to celebrate the Anniversary of Make in India with the opening of the UP International Trade Show every year. The Government of India and the UP Government together have constantly prioritised making laws simpler and promote ease of doing business, he said. He added that the Centre and the UP government in a joint effort are building an industrial smart city in Greater Noida and a total of 20 industrial smart cities are being developed across the country. Applauding the success of the trade show in its 2nd edition, Shri Goyal highlighted that over 2,500 exhibitors participated and over a lakh people have already attended in the four-day event from September 25-29, 2024. Shri Goyal further praised Shri Adityanath and the UP government for their efforts in skill development of the youth enabling provision of skilled and talented labour for the companies investing in the state. He said that because of this proactive initiative, migration from the state has significantly reduced with industries receiving a ready talent pool for efficient operations enabling them to expand their business and also making the state investor-friendly. UP government has been successful in not only a holistic development of the state but has also made progress in social infrastructure and human development, he said. Shri Goyal explaining 4Ds – Decisive leadership, Demand, Demographic Dividend and a vibrant Democracy, said that huge investments have poured into Uttar Pradesh because of its implementation by the Centre and the state government. Highlighting the successes of first 100 days of PM Modi’s third term, Shri Goyal said that the decisions taken to benefit farmers, to increase minimum wages, build 3 crore homes under the PMAY scheme, provision for health expenditure up to Rs 5 lakh for citizens above 70 years, to built 12 more industrial smart cities and to provide employment to 4 crore youth by spending Rs 2 lakh crore over a period of five years will strengthen the society and benefit every part of the country. Speaking about the improvement from 142nd to 63rd in Ease of Doing Business rankings, Shri Goyal said that the continuous efforts led by the Government has led to rise of India’s rankings in Global Innovation Index to 39th spot out of 133 countries. He continued that the ranking is reflective of the rise in patent filing in the country as well. The Intellectual Property Rights regime has vastly improved over the last decade. From 6,000 patents being filed in 2014 to 1 lakh patents filed last year, shows country’s growth in technology, he said. Emphasising the importance of maintaining quality in products, the Union Minister said that India is being recognised as a quality provider of goods and services. We have to ensure that the products we manufacture, the services we provide should be of high quality and buyers should receive this quality with Made in India products, he said. The Union Minister said that PM gave the vision of Zero Defect, Zero Effect and to make products of high sustainable quality is the need of this country and the world. He expressed hope that the youth, innovators, and startups with high quality, zero-defect production and sustainable manufacturing practices will propel India to world recognition. Manufacturing and selling of Made in India products within the country and abroad will reduce imports, boost MSMEs, help One District One Product scheme to grow and lead India to be technologically developed nation. *** AD/VN/AM (Release ID: 2059961) Visitor Counter : 443 Read this release in: Hindi Submit

Manohar Manoj

we have started a huge campaign to build infrastructure in the country: PM

Manohar Manoj