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Breaking Down The Tamil Nadu FY23 Budget
Auto Components India
|June 2022
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.
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