India is known to be one of the beautiful and most historic countries in the world. Before talking about the richest state in India and the GDP growth, we should explore Indian history. Its history and tradition are something that always attracts people from all around the world. Along with its beauty, India is also trying to make its position in the well-developed countries of the world. With the increase in population, work opportunities are also increasing.
As there is a high usage of natural and artificial sources, more man work is required. Resulting in a good employment rate and increasing gross state domestic product. In this article, we will discuss the richest state in India, what is their GSDP, and what is their economic status and industries.
1. Maharashtra
INR 271,168,512
The richest state in India is Maharashtra with a GSDP of INR 271,168,512. Besides, the capital of this state is Mumbai which also contributes majorly to the economic strength of Maharashtra. It is also the hub of the film and entertainment industry of the country.
The key sector of the state is divided into three, 40% services, 51% agriculture, and 9% industry. Major industries of this state are manufacturing, mass media, international trade, aerospace, petroleum, technology, fashion, tourism, and apparel.
2. Tamil Nadu
INR 180,823,943
The second richest state in India is Tamil Nadu with a GSDP of INR 180,823,943. One of the best things about this state is that more than half of the population in Tamil Nadu lives in cities. 9.6% urban population is situated in this state.
Tamil Nadu’s agriculture works 13%, whereas industry work is 34%, and services are 53%. Besides, the major working industries in this state are automobiles and their components, pharmaceuticals, engineering, garments, leather products, textile products, and chemicals.
3. Karnataka
INR 173,099,141
The third richest state in India is Karnataka with a GSDP of INR 173,099,141. Besides, the GDP of this state has the fastest growth as compared to other states in India. It has been a good decade for Karnataka.
The sectors of this state divided into 64% services, 10% agriculture, and 26% industry work. Moreover, the working industries of Karnataka that help in its economic growth are automobile, aerospace, agriculture, biotech, garments, heavy engineering, and textiles industries.
4. Uttar Pradesh
INR 164,856,708
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The GSDP of Uttar Pradesh is INR 164,856,708 which makes it the fourth richest state in India. There are many cities in Uttar Pradesh that have developed drastically like Noida, Ghaziabad, and many more. Besides, a lot of companies are opening their branches in this state.
The working industries that contribute to the growth of Uttar Pradesh are its largest food grains producer companies. It has approx. 17.83% share in the total food grain output of the country.
5. Gujarat
INR 163,678,141
Gujarat is the fifth richest state in India with a GSDP of INR 163,678,141. It has the largest medicine hub with over one-third of medicine sold all over the country. The major Reliance Petroleum company also situated in Gujarat.
With vast availability, the main income source of this state is agriculture and industry work. The major industries that help in the growth of Gujarat are pharma, refining, chemicals, petrochemicals, textiles, ceramics, and automobile industries.
6. West Bengal
INR 130,101,677
The GSDP of West Bengal is INR 130,101,677 and makes it the sixth richest state in India. Besides, the main sectors on which the economy of this state depends are medium-scale industry and agriculture. It is well-known for the cargo ships of Kolkata.
Moreover, West Bengal is famous for its steel plants in Durgapur. The tea industry is something that contributes a major part to the economic development of this state. Apart from that, West Bengal is also the biggest potato producer in India.
7. Andhra Pradesh
INR 101,437,379
With a GSDP of INR 101,437,379, Andhra Pradesh makes it in the seventh position in the list of the richest state in India. The state is well-known for its agriculture and production of 70% of shrimp.
The key sector of agriculture has 55% of industry work. Besides, the major industries that contribute to the growth of Andhra Pradesh are agriculture, tourism, and mining. There are mines of gold, sandstone, silver, limestone, copper, rock phosphate, lignite, and marble.
8. Rajasthan
INR 101,332,301
The GSDP of Rajasthan is INR 101,332,301 making it the eighth richest state in India. Besides, this state is well-known for its rich mineral and agricultural sectors. It is also the second biggest producer of cement in India. The history and archaeology of this state are what attract tourists the most.
The major industries that contribute to the growth of Rajasthan are agriculture, tourism, and mining. Moreover, the state also has mines of gold, silver, limestone, sandstone, rock phosphate, marble, lignite, and copper.
9. Madhya Pradesh
INR 97,628,148
Madhya Pradesh has a GSDP of INR 97,628,148 making it the ninth-richest state in India. However, the state’s GSDP has been increasing for almost 6-7 years and grew at a CAGR of approx. 13.78%.
The major working industries that contribute to the strength and economic growth of Madhya Pradesh are fuel, biodiversity, agriculture, and minerals. Moreover, the state is also the one and only diamond producer in the country.
10. Telangana
INR 96,180,037
With a GSDP of INR 96,180,037, Telangana is in the tenth position in the list of the richest state of India. The irrigation facilities of this state are well-known because of two major rivers flowing here, the Krishna and Godavari.
The IT and biotech of Telangana are developing rapidly. Major working industries that help in the growth of this state are IT and ITeS. The export and production business of Telangana is what makes it economically strong.
11. Kerala
INR 79,957,111
The total GSDP of Kerala stood at INR 79,957,111 and making it the eleventh richest state in India. Among all the three sectors, i.e., agriculture, industry, and services, the service sector is the main contributor. Major manufacturing and corporate companies are situated in Kerala.
The main economic strength of this state depends on the handlooms, power looms, bamboo, rubber, coir, village, khadi, seafood, sericulture, marine products, mining, cashew, food processing, tourism, IT, and spice products. There are 85% of rubber and 97% of black pepper are produced in Kerala.
12. Delhi
INR 78,534,162
Being the capital of India, Delhi ranks at the twelfth position in the richest state in India. The GSDP of this state is approx. INR 78,534,162 has been rising rapidly. The service sector in Delhi is favorable to employees from all over the country.
The economic strength of this state solely depends on its service sector and industries like banking, insurance, and financial services. Besides, Delhi also has industries like agri, processed food, IT, ITeS, construction, real estate, logistics, and tourism.
13. Haryana
INR 75,850,653
The state of Haryana has a Gross State Domestic Product of INR 75,850,653. It is in the thirteenth position in the list of the richest state in India. Haryana is a developing and emerging state of India with many historical places.
Besides, Gurugram is the most developed and highly preferable for the service sector. The major industries that contribute to economic growth and strengthen the state are the IT sector, technology, infrastructure, rice, passenger cars, vehicles, and the startup ecosystem.
14. Bihar
INR 58,715,439
Bihar is in the fourteenth position on the list of the richest state in India. The Gross State Domestic Product of this state is INR 58,715,439. It also contributes 3% to the GDP growth of the country. With that, Bihar becomes one of the largest growing states in India.
The labor force of this state by occupation is 56% agriculture, 8% industry, and 36% services sector. The GDP per capita rank of Bihar is 33rd according to 2023 data.
15. Odisha
INR 53,265,168
With a Gross State Domestic Product of INR 53,265,168, Odisha is in the fifteenth position on the list of the richest state in India. The GDP per capita rank of this state is 24th. The agriculture of Odisha is excellent.
The GDP divided by sectors of Odisha is 27% agriculture, 32% industry, and 41% services. The FDI of Odisha is very high and it is well-known as the FDI destination. It received around ₹53,000 crores worth of FDI commitments in the previous year, according to the Reserve Bank of India.
16. Punjab
INR 53,255,526
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Punjab is in the sixteenth position on the list of the richest state in India. It has a gross state domestic product (GSDP) of INR 53,255,526 with a GDP per capita rank of 19th. Golden Temple is one the most attractive place for tourists as well as devotees in India.
The GDP by sector of Punjab is divided into 25% agriculture, 25% industry, and 50% services. It is in the ninth position in the human development index all over the country. Besides, the major industries that contribute to the economic growth of Punjab are agriculture and medium and small-sized enterprises.
17. Chhattisgarh
INR 35,026,983
Chhattisgarh comes in the list of the top 20 richest state in India with a gross state domestic product (GSDP) of INR 35,026,983. It is one of the main electricity suppliers of both hydroelectric and thermal generators.
The major industries that contribute to its economic growth are mining, energy production, agriculture, and manufacturing. Besides, Chhattisgarh also has mines of coal, dolomite, iron ore, and many other materials.
18. Assam
INR 34,017,745
Assam is a state which is solely based on the agriculture industry and the majority of the population works in the same. It is a developing and emerging state of India with a gross state domestic product (GSDP) of INR 34,017,745.
One of the things that Assam is well-known for is its tea agriculture. It produces a large amount of the finest tea in India. Moreover, Assam also produces rice, banana, sweet potato, potato, jute, mustard, rapeseed, turmeric, areca nut, and papaya.
19. Jharkhand
INR 30,071,593
Jharkhand comes under the nineteenth position in the list of the richest state in India. It has a gross state domestic product (GSDP) of INR 30,071,593. The 15th largest state in India, by area, is Jharkhand.
The major working industry in this state that provide economic strength is agriculture. Jharkhand produces immense resources like minerals, iron ore, coal, mica, copper, bauxite, limestone, manganese, fire clay, china clay, graphite, kainite, asbestos, chromite, uranium, sillimanite, thorium, and gold.
20. Uttarakhand
INR 23,466,020
With a gross state domestic product (GSDP) of INR 23,466,020, Uttarakhand is in the 20th position as the richest state in India. Its GDP per capita rank is 6th and the GDP sector divided into 10% agriculture, 52% tourism, and 38% services. Uttarakhand produces basmati rice, soybeans, wheat, groundnuts, coarse, pulses, cereals, and oil seeds.
It is one of the most beautiful states in India with several high mountains as well as alluring plains. The major source of income and what contributes to its economic growth is the tourism sector. Many tourists come here from all across India and the world, to see the stunning state.
Conclusion
India is a growing and developing country with a lot of improvements and benefits provided to its citizens. With this, we have the list of the top 20 richest states in India and what contributes to its economy, and how it improves the status of individual states, as well as the whole country. We hope you find the article helpful.
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