तमिल नाडु राज्य बजट 2004-05 विश्लेषण

मुख्य बातें

• DMK returned to power in May 2004 under M. Karunanidhi, inheriting a strengthening economy but elevated debt levels.
• Revenue receipts reached Rs 25,500 crore with own tax revenue growing 16% on continued manufacturing expansion.
• Tamil Nadu's GSDP crossed Rs 2.5 lakh crore, growing at 12% in nominal terms, the strongest in a decade.
• Capital expenditure of Rs 5,500 crore targeted industrial infrastructure and the Chennai Peripheral Ring Road.
• Fiscal deficit at 3.0% of GSDP, meeting the FRBM target as the new government moderated immediate welfare expansion.
• Chennai auto corridor produced 500,000 vehicles with Hyundai alone contributing 300,000 units.
• IT exports from Chennai crossed Rs 16,000 crore, growing 33% as global outsourcing demand accelerated.
• Karunanidhi launched the Kalaignar Insurance Scheme providing free health coverage for families below poverty line.
• Tirupur textile cluster achieved Rs 13,000 crore in exports, diversifying from knitwear into woven garments.
• Leather industry in North Tamil Nadu attracted Rs 2,000 crore in Italian and Spanish investment for finished goods production.
• December 2004 tsunami devastated the Nagapattinam and Cuddalore coast — Rs 3,000 crore in emergency relief mobilized.
• State power deficit worsened to 15% as industrial demand outpaced generation capacity addition.
• Debt-to-GSDP ratio began declining from 25% as GSDP growth outpaced new borrowing.