Top 10 Richest States in India : India is a big country that comprised 29 states with different languages culture, tradition, climate in each state, and many states are managed to gain reasonable revenue through various sources. All state depends on the Gross Domestic Product for states extravagance. As per 2017 India, is World’s third Richest Countries in the world with a GDP of 8.80 trillion. GDP is a basic indicators used to gauge the health or lavishness of a country’s economy.
A State’s economy can also be determined by its GDP i.e. Gross Domestic Product. we made a list of Top 10 Richest States in India 2016 Based On The GDP Of a state.
Top 10 Richest States in India
Delhi, capital city and a union territory of India stand at 10th position in our list of Top 10 Richest States in India. Delhi is one of the richest states in india with GDP of 4.51 lakh crore (US$66 billion). This city is the largest commercial centre in northern India. Delhi is also a hub of information technology, telecommunications, media, hotels, banking and tourism sector of north india. Power, health, construction and real estate also has been important to the city’s economy. The GDP of the delhi is expanded by 5-7% when contrasted with the year 2002-03 and per capita income of Delhi is expanded from Rs 2,52,022 in 2014-15 to 2, 80,193 in 2015-16.
9. Madhya Pradesh
Madhya Pradesh, generally termed as “the heart of India” is located in the central region of India. Madhya Pradesh is the second largest state of India in terms of area. Madhya Pradesh is one among the richest states in India with GDP of 5.08 lakh crore (US$75 billion). The economy of this second largest state of India was considered as one of the most “sick” economies of India till 2003. but after 2005 it registered consistent growth rate of 10% -12% and it become top-most state of india in terms of GDP growth. Madhya Pradesh has the largest reserves of copper and diamond in India. Madhya Pradesh received an award from President of india in 2013 for improving its tourism, medical and infrastructural growth.
8. Andhra Pradesh
Andhra Pradesh, is one of the southern states of india stands at eighth position in our list of Top 10 Richest States in India with GDP of 5.20 lakh crore (US$77 billion). Agriculture, industry and service sectors is main source of growth in the state of Andhra Pradesh. The naval base and the rocket launching center in the state are also very important in state’s development. Recently the state was in news as Telangana the newly formed state in India making the counts of states in India 29 separated from Andhra Pradesh.
Rajasthan is a mineral-rich state of india and has a GDP of 5.7 lakh crore (US$100 billion). Rajasthan is one of the richest states in India 2017 and stands 7th in our list of Top 10 Richest States in India. Agriculture, mining and tourism is main engines of growth and development of the state. Rajasthan has the largest desert in the country and is one of the hottest states in the country. It is also a one of the top state for tourism in country. This beautiful state is a Most leading investment destination in India after Maharashtra and Gujarat.
Karnataka has a GDP of 7.02 lakh crore (US$ 100 billion) and is one of the most progressive states in India. Karnataka is the sixth wealthiest state in India in terms of GDP. In the last decade Karnataka growth rates was the highest in the country in terms of GDP and per capita GDP compared to other states. Agriculture, mining, IT and tourism are major contributors to the Karnataka. Bangalore, the capital city of the state is also known as Silicon Valley of India because of growing presence of IT industry in the city. This beautiful state is also known as great shopping destination and amazing nightlife.
Gujarat, India’s westernmost state has a GDP of 7.66 lakh crore(US$ 110 billion). It is One of India’s most industrialized states and is the biggest exporters of gems and diamonds. It is one amongst the Top 10 Richest States in India 2017. It is one of India’s most prosperous states, having a per-capita GDP significantly above than average per-capita GDP of India. This state has mechanized farming and is one of the largest producer of agricultural products such as cotton, groundnuts (peanuts), dates, sugar cane, in the country. State recorded the lowest unemployment rate in India in 2015.
4. West Bengal
West Bengal is situated in eastern India and shares international borders with Bangladesh, Bhutan and Nepal. West Bengal is one of the wealthiest state in India with a GDP of 8.00 lakh crore (US$ 140 billion). West Bengal is primarily dependent on farming and medium-sized industry. It is the largest producer of rice and fish and second largest tea-producing state in India. Kolkata is the capital of the state. State has also made a beginning in growing information technology (IT) sector. Eight IT parks are expected to start operating in the state By 2015-16 .
3. Uttar Pradesh
Uttar Pradesh is most populous state in india and has a GDP of 9.76 lakh crore (US$ 140 billion), third highest in india after the gdp of Maharashtra and Tamil Nadu. It is one of the most favoured tourist destination in India due to the location of Taj Mahal. Uttar Pradesh is a major contributor to the national food grain stock. State is the largest producer of food grains in India and accounted for about 18.39 per cent share in the country’s total food grain output in 2015-16. In 2015-16 Uttar Pradesh was also the second largest producer of vegetables in India after West Bengal.
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2. Tamil Nadu
Tamil Nadu, Located in the southernmost part of the country is a second biggest economy in India with a GDP of Rs. 13,842 billion (US$ 210 billion). State hold the second spot in our list of Top 10 Richest States in India. It is a leaders in several industries like automobiles, auto components, pharmaceuticals, garments, engineering, textile products, leather products, chemicals, plastics and many more. The per capita income of Tamil Nadu was about $3,000 in the year 2014-15. Tamil Nadu has a well-developed infrastructure with an three major ports, 23 minor ports, excellent road and rail network and seven airports.
Maharashtra is the richest state in India with grossing GDP of U $295 billion. It is also the one of the most developed states in India. Maharashtra’s GDP accounted for 12.98 per cent of India’s GDP in 2015-16, the highest among all states. Mumbai is the capital of Maharashtra and also the financial capital of India. It has most number of millionaires and billionaires. As of 2016-17 The per capita income of Maharashtra is about $2,300, far more than average per capita income of india. Maharashtra is also the second largest exporter of software.