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In recent years, Chennai has emerged as an electronic manufacturing hub of South Asia with multinational corporations like Dell, Motorola, Cisco, Samsung, Siemens, Ericsson, Emerson Electric, ABB and Flex setting up Electronics / Hardware manufacturing plants, particularly in the Sriperumbudur electronics SEZ. accounting for the sector alone has created investments worth $3.5bn in Chennai.
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.6% per cent to touch 1,11,179 crore, involving a workforce of 780,000. [107] Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI in Chennai and 25 in Bangalore.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [62]
Chennai Trade Centre is a permanent exhibition complex in Nandambakkam, Chennai, hosting several trade fairs and conventions round the year. It is the first fair infrastructure that has been developed by India Trade Promotion Organisation (ITPO)—the premier trade promotion agency of the Government of India, Ministry of Commerce and Industry—outside Delhi. [1]
The Madras Stock Exchange (MSE) was a stock exchange in Chennai, India. The now defunct MSE was the fourth stock exchange to be established in the country and the first in South India . [ 1 ] It had a turnover (2001) of ₹ 3,090 crore ($440 million), but was a fraction (below 3.5 per cent) of the turnover generated by the Bombay Stock Exchange ...
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Chennai houses a major portion of India's automobile industry, hence the name "Detroit of India". It was the only South Asian city to be ranked among National Geographic 's "Top 10 food cities" in 2015 and ranked ninth on Lonely Planet 's best cosmopolitan cities in the world.