तमिल नाडु राज्य बजट 2008-09 विश्लेषण

मुख्य बातें

• The global financial crisis struck Tamil Nadu's export-dependent economy with particular force — auto exports fell 30% and IT hiring froze.
• Revenue receipts declined to Rs 36,000 crore as manufacturing contracted and commercial tax collections fell 5%.
• Hyundai cut production by 20% at Sriperumbudur as European and African export orders collapsed.
• Capital expenditure compressed to Rs 7,000 crore as the state prioritized revenue expenditure for welfare programs.
• Fiscal deficit widened to 3.5% of GSDP as revenues fell while welfare spending was maintained.
• IT sector in Chennai imposed hiring freezes — 50,000 planned jobs deferred.
• Tirupur textile exports fell 15% to Rs 15,500 crore as Western retail buyers cancelled orders.
• Leather goods exports declined 12% as European luxury demand contracted.
• State government announced Rs 2,000 crore stimulus package for MSMEs including interest subvention.
• Automobile component manufacturers in the Chennai corridor shed 40,000 temporary workers.
• Agriculture provided stabilizing counterbalance, growing 4% with good Cauvery basin monsoon rains.
• Chennai port cargo volumes declined 8% — the first decline in a decade.
• Market borrowings increased to Rs 10,000 crore to fund the widening receipts-expenditure gap.