28th APRIL 2026 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
Tamil Nadu Achieves Double-Digit Economic Growth for the Second Consecutive Financial Year
- Data released by the Central Statistics Department indicates that Tamil Nadu's economic growth, which stood at 11.29 percent in the 2024-2025 fiscal year, has continued its double-digit trajectory, reaching 10.83 percent growth in the subsequent 2025-2026 fiscal year.
- The Union Ministry of Statistics and Programme Implementation has not yet released data for 11 states including Uttar Pradesh, Punjab, and Kerala and four Union Territories. Nevertheless, it is reported that Tamil Nadu's economic growth for the year 2025-26 is likely to surpass that of other states.
- Concurrently, Tamil Nadu's growth has shown a significant increase when compared to the national average growth rate of 7.4 percent recorded in the 2011-2012 fiscal year.
- Over the past five years from 2021-22 to 2025-26 Tamil Nadu has achieved an average annual growth rate of 9.07 percent. This represents a substantial increase of 3.86 percent over the average growth rate of 5.21 percent recorded during the preceding five-year period (2016-17 to 2020-21).
- As the state with the country's second-largest economy, Tamil Nadu saw its Gross State Domestic Product (GSDP) rise from ₹31.19 lakh crore in the 2024-2025 fiscal year to ₹35.29 lakh crore in the 2025-26 fiscal year.
- According to the data, the per capita income in Tamil Nadu stands at ₹4.08 lakh. Karnataka holds the top spot, with a per capita income of ₹4.33 lakh.
- The valedictory ceremony marking the completion of 50 years since the formation of Sikkim State is being held today (April 28) in Gangtok. To participate in this event, Prime Minister Modi arrived in Gangtok, Sikkim, yesterday (April 27).
- Upon his arrival, he was personally welcomed by Sikkim Governor Om Prakash Mathur and Chief Minister Prem Singh Tamang. During this occasion, PM Modi was seen wearing the traditional cap and coat typically worn by the people of Sikkim.
- As the valedictory ceremony commenced, Prime Minister Modi inaugurated 30 development projects worth approximately ₹4,018 crore, spanning various sectors such as infrastructure, connectivity, healthcare, education, power, urban development, environment, tourism, and agriculture.
- On February 28, the United States and Israel jointly carried out an attack on Iran. In retaliation, Iran not only struck back but also closed the Strait of Hormuz a vital waterway that plays a pivotal role in global oil trade.
- Consequently, this led to oil shortages in various countries across the globe, and prices were hiked in several nations. Meanwhile, U.S. President Trump accused the Organization of the Petroleum Exporting Countries (OPEC) of exploiting other nations by artificially inflating oil prices.
- As Iran continues to launch attacks on merchant vessels within the Strait of Hormuz, OPEC's Gulf producers have faced difficulties in transporting oil.
- Against this backdrop, the United Arab Emirates has announced its decision to withdraw from the OPEC organization, effective May 1, 2026. The United Arab Emirates has played a key role in OPEC, which was established in 1960, since 1967.
