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


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.

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