Breaking Down The Tamil Nadu FY23 Budget

The Tamil Nadu FY23 budget is all about growth, employment opportunities and new industries. Satyakam Arya, Chairman of CII, Tamil Nadu State Council and MD & CEO at Daimler Commercial Vehicles India breaks it down for us.

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Tamil Nadu's FY23 Budget is all about growth, employment opportunities and new industries. Satyakam Arya, Chairman of CII, Tamil Nadu State Council and MD & CEO at Daimler Commercial Vehicles India cites how over the years, Tamil Nadu (TN) has emerged as an economic powerhouse, being the second-highest contributor to India's GDP. It is the most industrialised state in the country and a favourite destination for new investments, moving swiftly towards becoming a hub for electronics-related technological transformation. The FY23 TN budget is focused on the mid to longterm priorities of the state for achieving sustainable socioeconomic growth. Backed by a sound long-term shared vision of all stakeholders, industry, and government, Tamil Nadu's economy has demonstrated sustained growth over the years and is on its way to achieving its vision of becoming a USD one trillion economy by FY 2030-31.