Maharashtra has the highest GSDP among 33 Indian States and Union Territories. As of the FY 2018-19, Maharashtra contributes 13.88% of India’s GDP at current prices, followed by Tamil Nadu (8.59%) and the most populous state Uttar Pradesh (8.35%). Other states in the top 5 are Gujarat (7.92%) and Karnataka (7.87%).
List of the top ten (10) richest states of India.
Maharashtra is the richest state in the country. Its GDP in the year 2018-19 was Rs 26.33 lakh crore. The capital city Mumbai is also unofficially called the financial capital of the country, since most of the big banks, insurance companies and stock markets are there.
Then comes Tamil Nadu, whose GDP is 18.46 lakh crore rupees in the year 2019-20. Apart from industries, this state of South India also earns a lot from farming and tourism. Explain that there are about 33000 Dravidian-style temples in Tamil Nadu. Many of these temples are more than 1400 years old. Such as the Meenakshi Amman Temple in Madurai, the Ramanathaswamy Temple in Rameshwaram and the Kapaleeswarar Temple in Chennai.
Uttar Pradesh has the status of the third richest state in the country. The GDP here is 16.88 lakh crore rupees in the years 2019-20. In the last decade, there has been a boom in industries and especially in the IT industry, which is why it is also called the IT hub of North India. This state also gets the benefit of being adjacent to Delhi.
The state of Gujarat is the fourth richest state in the country, with a GDP of 15.02 lakh crore rupees in the year 2018-19. The industry of commodities like textile, vegetable oil, chemicals and cement is flourishing here. The major agricultural produce of the state includes products made from cotton, groundnut, dates, sugarcane and milk. This state recorded the lowest unemployment rate in the country in the year 2015.
Karnataka’s GDP standing at number five with a GDP of 16.32 lakh crore rupees in years 2019-20. Agriculture is the main occupation here, under which cultivation is done in about 123,100 square kilometers. It is about 64.60% of the total land of the state. Apart from this, this state is also doing amazing work in terms of higher education. Also, there are big institutes related to health and science here. It is also called the Silicon Valley of India.
West Bengal is on the sixth, with a GDP of 12.54 lakh crores rupees in the year 2019-20. Apart from industry and business, this state is also called unmatched in terms of literature and culture.
The Economy of Rajasthan mainly depends on the agricultural sector. In Rajasthan, the total area that has been cultivated is around 20 million hectares and 20% of the area out of this is irrigated.
Andhra Pradesh is one of the fastest-growing states in the country. The key sectors are Automobiles and Auto Component Industry, Biotechnology, Tourism, Drugs and Pharmaceuticals, Food and Agro-based, Information Technology, Mines and Minerals and Textile and Leather.
Telangana’s economy largely depends on agriculture. The vital crop of this state is rice, other major crops are corn (maize) and cotton.
Madhya Pradesh state economy gets its revenue from the forest products sector as the state has a forest cover of around 1.7 million hectares. Madhya Pradesh is the 2nd biggest cement producer in the country, this sector has contributed a great deal to the growth of the Economy in Madhya Pradesh.