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It is second largest city by GDP in Tamil Nadu. [2] [3] The city has four special economic zones [SEZ], ELCOT SEZ, KGISL SEZ, SPAN Venture SEZ, Aspen SEZ and at least five more SEZs are in the pipeline. [4] [5] In 2010, Coimbatore ranked 15th in the list of most competitive (by business environment) Indian cities. [6]
The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes.
Tamil Nadu has the second largest economy of any state in India. [16] The state is also the most industrialised in the country. [17] [18] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. [19]
The following sub-departments operate under the department: [2] [3] Sub-departments. Department of Sugar; Directorate of Industries and Commerce; Undertakings and bodies
The department was reconstituted by the Tamil Nadu Board of Revenue Act, 1894. [2] It was adopted by the Madras State post Indian Independence as a part of the Merged States (Laws) Act, 1949. [3] It was renamed in 1980 by the Tamil Nadu Board of Revenue Abolition Act, 1980. [4]
The drop in deposits, which amounted to 2.5%, was largely due to movement by uninsured depositors who were above the $250,000-per-account level backstopped by the FDIC.
Tamil Nadu's net state domestic product is the second largest economy in India. Tamil Nadu is the second largest state economy after Maharashtra with a gross state domestic product of ₹ 2,134,395 crore (equivalent to ₹ 25 trillion or US$290 billion in 2023). With GDP per capita of $3,000 it ranks fourth among Indian states.
The Chennai Port, one of the biggest in South Asia. Chennai, formerly known as Madras, is the capital city of the Indian state of Tamil Nadu.As of 2022 the Nominal GDP of the Chennai metropolitan area is ₹ 756,055 crore (US$96.18 billion) [1]