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Linking with South Indian states for economic prosperity
Daily FT
|April 21, 2025
OUR giant neighbour India is projected to become the world’s third largest economy by 2028 and by 2032 the world’s most populous state is expected to possess a $ 30-trillion economy. There is common consensus among the Indian intelligentsia that South Indian states Andhra Pradesh, Kerala, Karnataka, Telangana and Tamil Nadu will lead the economic development drive of the emerging Asian superpower.
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The southern states of India have become the country’s economic engine and the strongholds of social progress. The region attracts multinational services, pharmaceutical, food processing, and automobile manufacturing firms while retaining the strength of its agriculture sector. It is estimated that nearly one-third of India’s GDP in 2023-24 came from southern states, with Tamil Nadu and Karnataka being the top contributors.
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