TN suffers slow growth, high deficit, says report

Tamil Nadu's fiscal deficit exceeded the 3 per cent threshold from 2014-15 to 2016-17

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Tamil Nadu has fallen behind in financial prudence in the last three years, with its fiscal deficit breaching targets and economic growth rates subdued.

While Kerala is a laggard in this regard, Tamil Nadu and Andhra Pradesh are vulnerable in their fiscal position even as Karnataka and Telangana continue to have high growth and low deficits, according to a research by credit rating agency Crisil.

During 2012-13 and 2013-14, Tamil Nadu reported growth at around 6.9 per cent while its fiscal deficit was below 3 per cent. However, from 2014-15 to 2016-17, the state's fiscal