Economy of Chennai
Chennai is called as the “Detroit of India” due to the presence of a wide range of industries- automobile, IT, manufacturing, healthcare etc.
Madras Stock Exchange is the third largest stock exchange behind the National Stock Exchange and Bombay Stock Exchange. According to the Confederation of Indian Industries (CII), the economy generated from Chennai is projected to cross US $100 billion.
Chennai is home to a large portion of the automobile industry of India. It produces around 45% of the country’s total auto components.
Capital of Tamil Nadu – Chennai
Capital of Tamil Nadu: Chennai, previously known as Madras, is the capital of Tamil Nadu. Located on the Coromandel Coast, Bay of Bengal, Chennai is known as the “Health Capital of India”. It is also known as “Gateway to South India”. With its strategic location, diverse population, and dynamic growth, Chennai continues to play a significant role in shaping the social, economic, and cultural landscape of India.
This article will provide you with information about the city of Chennai.