Tamil Nadu 2011–2012 is , an increase of 9.39 per cent over the previous year. The per capita income at current price is 72,993. Tamil Nadu has six Nationalised Home Banks which originated in this state; Two government-sector banks Indian Bank and Indian Overseas Bank in Chennai, and Four private-sector banks City Union Bank in Kumbakonam, Karur Vysya Bank, Lakshmi Vilas Bank in Karur, and Tamilnad Mercantile Bank Limited in Tuticorin. Tamil Nadu has historically been an agricultural state and is a leading producer of agricultural products in India. In 2008, Tamil Nadu was India's fifth biggest producer of rice. The total
History of Tamil Nadu in the Indian Union, Tamil Nadu was the seventh largest economy in 2005 among the states of India. The growing demands for skilled labour has caused increased number of educational institutions in Tamil Nadu. The widespread application of caste based affirmative action caused the state to have 69% of all educational and employment vacancies to be reserved to the backward castes. Such caste-based reservations have huge public support in Tamil Nadu, with no popular protests organised against its implementation. The politics of Tamil Nadu have gone through three distinct phases since independence. The domination of the Congress Party after 1947