Formerly repudiated as a close loyalist of late Chief minister Jayalalitha, EPS steadily grew his reputation from accidental chief minister to AIADMK chief convener and accomplished Chief Minister of the most progressive state Tamilnadu after May 2017. Hailing from modest agrarian background representing Salem district situated in the western part of Tamilnadu, the man established his Strong leadership fervour through committed decision-making capacities and definitive conviction which intrinsically helps in improving the growth acceleration of various social, economic and psychological indicators. Maintaining good working synergy with Central government also aids in generating positive outcomes. His narrative defying perspective on the future of leveraging endless opportunities, grasping global insights have made him unequivocally tough proponent for 2021 state elections defying odds. Inhospitable opposition leaders once played down his capabilities as chief minister after the passing of late CM J. Jayalalitha later acknowledged his diligent work ethics, administrative abilities, preparedness in the tackling the infection, handling of various state issues during different circumstances gave rise to him as a popular leader in AIADMK and Tamilnadu. He dusted the sand and strode like a colossus in the past 3 years.
Governance is driven by reforms and neo-policies
Tamil Nadu is currently the second leading state in India followed by Maharashtra because of it’s revolutionary growth model over the years.
Between 2011-12 and 2020-21, Gross State Domestic Product (GSDP) improved at a Compound Annual Growth Rate (CAGR) of 12.05 per cent to INR 20.92 trillion (US$ 299.32 billion) while the Net State Domestic Product (NSDP) enlarged at a CAGR of 11.45 per cent to about INR 14.41 trillion (US$199.69 billion) between 2011-12 and 2018-19
To augment further thrust, EPS led administration bracing for reforms is worth defining right from Prohibiting single-use plastics, revamping city-run buses, reinforcing new fleets across the state to further optimizing supply chain of SEZ, ports, highways are praiseworthy functioning features of the government. Then, to sum it up, working on compelling issues like organizing global investors summit with an attractive portfolio of investments from various global corporations, speeding up metro rail projects and rapidly scaling up of infrastructure, environmental projects across the state are real development notions acts as a catalyst for State economic health. Coordinated strategic alignment with the central government for GST implementation, smart city and urban development helps in bringing marked transformation ascending towards a broad network of infrastructure.
His three-nation official tour visit in 2019 with industry-specific bureaucrats and experts to attract investments into TN yielded promising results in healthcare, IT, auto segments. Recently, MOU ratified in May 2020 accounts to notable two Billion dollar investment in sectors like mobile assembling, automotive, trucks manufacturing, heavy engineering, data centres, auto components and EV. The influx comes from countries like Taiwan, Finland, Japan, China, France, Germany Singapore. TN has gained prominence due to its diversified investments at this sluggish phase.
Enabling faster Rural Growth push
In a move to enhance Rural segment endeavours, the state government has allocated 300 crores INR world bank-funded project to aid 1.5 lakh farmers under TN rural transformation programme. This project will help rural communities sustainability, prosperity and focus towards poverty alleviation by securing employment resources, guaranteed price to producers cultivating the crops and perishables delivering sustained business for survival.
Tackling COVID and Bolstering Economic revival
The assistance of cash fillip to middle-income and poor households, Free ration supplies during the time of hardships, ad-hoc measures helping lakhs of migrant workers with financial aid until ferrying them to their hometowns by rail & buses bearing the travel cost during exigent times is seen as a holistic approach.
CM Palaniswamy led government instituted special task force committee of twenty-one industry bigwigs led by Former RBI governor C. Rangarajan to examine the extent of inflicted damage elicited by the Pandemic and steps to revive the fiscal position. The task force is expected to set projections and help the government to aid with a slew of new measures to prop up the ailing economy.
Prime Minister Narendra Modi has also said the administration was earmarking 266 billion USD to bolster the economy, encompassing exertions to enhance liquidity for businesses and an earlier $23 billion stimulus assortment package meant to assist the country’s impoverished.
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