Draft approach paper for Twelfth Five year plan (2012-17) - Tamil Nadu
Tamil Nadu is one of the most socially developed and economically progressive States in the country and progressing faster in terms of per capita income and Human Development Indicators (HDI). The Eleventh Plan (2007-12) was formulated with the broad objective of ensuring steady growth and sustainable economic growth coupled with social justice. There is some substantial progress in the objective due to initiatives taken in the Eleventh Plan. However, there are some shortfalls that need to be addressed. During the Tenth Plan, the Tamil Nadu economy grew at 9.5 percent per annum (highest among the Five Year Plans) as against the target of 8 percent. During the first four years of the Eleventh Plan, it registered 8.05 percent growth and it is likely to reach 8.5 percent at the end of the plan against the target of 9 percent. The fall in annual Gross State Domestic Product (GSDP) growth was mainly due to the negative growth of agriculture in the first 2 years of plan. Industries also recorded decelerated growth.