You’ve probably heard that India is now the fifth largest economy in the world, with a $4112 Billion GDP, surely? It’s due to the incredible growth that’s been taking place for a while and there are some states that rank highly on the list of states which contribute to the overall GDP of India. We are here to take an in-depth look at those states, which are the top five richest states in India at the time of 2024. Let’s start immediately let’s get started, shall we?
1. Maharashtra – 38.79 Lakh Crore INR
Maharashtra is ranked first on the list as the state with the highest wealth in India and has a GDP of 38.79 millions INR. Alongside being the capital of finance in India, Mumbai, the financial capital of India as well as several of the largest stock exchanges like Mumbai Stock Exchange, Bombay Stock Exchange and headquarters of numerous renowned banks and financial companies are located in the state. Maharashtra has a range of industries that are thriving that include media, manufacturing aerospace, tech fashion, oil, and tourism from around the world. In addition to influencing the fields of fashion, design, music, movies performing arts, publishing, along with television as well as radio. The service sector is a major contributor to Maharashtra’s economy. Maharashtra economy.
2. Tamil Nadu – 28.3 Lakh Crore INR
Tamil Nadu stands second, with the second highest GDP, which is 28.3 million INR. It is the center of manufacturing activity, mainly in the automotive, textile and IT industries which have led to economic growth. Chennai is the capital of the state has grown into an advanced manufacturing and high-tech centre for a variety of multinational and national companies. The state is also expanding its infrastructure for transportation, communications and energy, which is already in place to build a strong economic. The population of about 72 million gives the state that has put some light on the economy and also on the map of education, which has provided a lot of strength to literacy and a highly skilled labor force.
3. Gujarat – 25.62 Lakh Crore INR
Gujarat is the third on the list, with 25.62 lakh crores as a percentage of its GDP. The state is an agricultural powerhouse. trade and industry. Gujarat is the largest producer of products like dairy, cotton dates, peanuts and sugarcane. The 6 crore people living in Gujarat benefit because of the increased economic growth that has been reflected in the investments made to improve quality infrastructure as well as living and working conditions. It is also of a cultural and historical significance as it is home to sites such as that of the Sabarmati Ashram and those linked to the earlier Indus Valley Civilization. They contribute to the rich culture that it is a part of.
4. Karnataka – Rs. 25 Lakh Crore
Karnataka is home to an economy of around 25 crore lands the fourth place on this list. The biggest in India’s tech industry, the capital city of Bengaluru has grown into the technological center of India. The state is home to about 6.1 million people. It is thriving in terms of economy and the standard of living in the city. The former kingdoms within Karnataka are also adored with stunning buildings that draw a lot of visitors. The state is very fond of education and the latest technologies, which help it expand even further.
5. Uttar Pradesh – Rs. 24.39 Lakh Crore
Fiveth on this list, economic activity in Uttar Pradesh is worth Rs 24.39 lakh crore. It is famous for its agriculture, but currently it is pursuing other industries, such as manufacturing products and providing services such as agriculture-related technology and other industries. It is among the states with the highest population density in India with a huge population which can be as high as 200 million. It is likely that it is the most likely to increase its economic growth. Apart from the agriculture sector, Uttar Pradesh has continued moving into the industrial sector, which includes production and services like crafts, technology and small business.
FAQs
Q1. What state is the one with the least GDP of India?
The answer: Bihar is at the bottom of India’s economy. India with a contribution of less than 3.1 percent. A variety of issues, including the lack of jobs, poverty and inadequate facilities have given the state a childlike treatment as time passes.
Q2. Which is the city with most gross domestic product in India?
Answer: Mumbai is the capital of India. In Mumbai, are some of the best stock markets, including that of Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE). The city earns $368 billion which is 6.16 percent of the money India earns.
Q3. What is the reason why Tamil Nadu’s GDP is so high?
Answer: It is world-famous for its products in agriculture, metals and minerals. It is a miner of important minerals such as limestone, bauxite the gypsum mineral and Lignite (a type of coal) magneticsite, iron. Tamil Nadu is for sure the second most prosperous state because it is home to a variety of industries. It is also one of the largest industrialized states in India.
Q4. Which state is the fastest-growing in India?
Answer: After Gujarat, Karnataka is the second state that is growing quickly, with 7.3 percent growth per year. The economy of the state has increased from 6.06 lakh crores in the year 2011-12, and will reach 11.44 lakh crore by 2020-21.
