The DMK government has made a remarkable turnaround in terms of finances, said Finance Minister Palanivel Thiaga Rajan. “The finances of the state of Tamil Nadu had deteriorated so rapidly and we have been able to make such a remarkable turnaround as it will be evident when we present the revised estimates for the year in a couple of weeks when the budget is presented,” he said.
The Minister was speaking through a live video session at an event organised by the Confederation of Indian Industry (CII) with the theme, ‘Tamil Nadu: $ One Trillion Economy by 2030 - Business and Government Working Together,’ as part of CII Tamil Nadu’s annual meeting.
Pointing out that there are a few major macro risks, the Finance Minister said that the global inflation levels are rising to levels not seen in the last 15, 20,25 years. “This is a disconcerting and concerning development that may have implications on what our future growth potential is,” he said. He added that the global conflicts risks that have escalated over the last couple of weeks could go anywhere, and that was another headwind.
