In the recent survey 2020, India has been named as the strongest and most progressively growing country with best figures in the GDP (Gross Domestic Product), is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually.
Have a look at the state makes it to the top of the list of Top 10 richest state of India , their GDP of the year 2018-19 is the criteria for the ranking.
10. Kerala (GDP Rs 8.76 lakh crore/ $123 billion )
Kerala’s economic progress is above the national average, with numerous major corporations and manufacturing plants being headquartered in Kerala. Specifically in Trivandrum, Kochi, Kozhikode. Kerala produces 97% of national output of pepper and accounts for 85% of the area under natural rubber in the country.
9. Rajasthan (GDP Rs 9.29 lakh crore/ $129 billion )
Rajasthan is a mineral-rich state and has a diversified economy having agriculture, mining and tourism as its main engines of growth. The state mines produce gold, silver, sandstone, limestone, marble, rock phosphate, copper and lignite. Hindustan Zinc, headquartered in Udaipur.
The palaces of Jaipur, lakes of Udaipur, and desert forts of Jodhpur, Bikaner & Jaisalmer are among the most common destinations for tourists. Tourism accounts for 16% of the state’s domestic product.
8. Telangana(GDP 10.49 lakh crore / $150 billion)
The economy of Telangana is mainly supported by agriculture.
The state has also started to focus on the fields of information technology and biotechnology. Its capital Hyderabad is one of top IT exporting states of India. There are 68 Special Economic Zones in the state. Telangana is a mineral-rich state, with coal reserves at Singareni Colleries. Automobiles and auto components industry, spices, pharmaceutical, poultry farming are the main industries in Telangana.
7. Andhra Pradesh (GDP Rs 11.50 lakh crore/$150 billion)
The economy is primarily dependent on agriculture, which directly and indirectly employs 62% of the population. The state has been ranked the best state in ease of doing business in the country by the World Bank.
The state has also started to focus on the fields of information technology and biotechnology. Several major heavy industries are in operation in Visakhapatnam.
6. West Bengal(GDP Rs 13.14 lakh crore/ $190 billion)
Agriculture accounts for the largest share of the labour force. It contributed around 18.7% to the gross state domestic product (GSDP) in 2009–10. State industries are mostly localised in the Kolkata region, the mineral-rich western highlands, and Haldia port region.
Kolkata is noted as one of the major centers for industries including the jute industry. There are numerous steel plants in the state apart from the alloy steel plant at Durgapur.
5. Gujarat (GDP Rs 14.96 lakh crore/ $230 billion)
The economy of Gujarat, a state in Western India, has significant agricultural as well as industrial production within India. The world’s largest ship breaking yard is in Gujarat near Bhavnagar at Alang.
Reliance Petroleum, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world’s largest grass roots refinery.
One of India’s most industrialized states, Gujarat maintains a variety of industries, the principal ones being general and electrical engineering and the manufacture of textiles, vegetable oils, chemicals, soda ash, and cement. New industries include the production of fertilizers and petrochemicals. Gujarat is ranked number 1 in the pharmaceutical industry in India, with a 33% share drug manufacturing and 28% share in drug exports.
4. Uttar Pradesh (GDP Rs 15.80 lakh crore/ $235 billion)
Uttar Pradesh is a major contributor to the national food grain stock. UP has a booming electronics industry. Especially in the UP-Delhi-NCR and Lucknow-Kanpur Corridors where many electronics units are produced. Cottage industries, such as handloom and handicrafts.It contributed nearly 49% of the gross state domestic product in 2017–18.
Noida is the ‘IT-Hub’ of North India, with a share of software exports next to that of Karnataka. Noida is also famous for TV News broadcasters. Almost all News channels such as ABP News, Zee News, NDTV and Mahua News are located in Film City.
3. Karnataka (GDP Rs 15.88 lakh crore/ $240 billion)
Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. Agriculture is the primary occupation of most of Karnataka’s rural residents. A total of 123,100 km² of land is cultivated in Karnataka, constituting 64.60% of the total geographical area of the state. It is also one of the largest concentrations of higher education including medical and engineering colleges.
Hindustan Aeronautics Limited which is dedicated to research and development activities for indigenous fighter aircraft for the Indian Air Force employees over 9,500 employees making it one of the largest public sector employers in Karnataka. Other heavy industries such as National Aerospace Laboratories, Indian Telephone Industries, Hindustan Machine Tools and Toyota are also headquartered in Bangalore. India’s national space agency, the Indian Space Research Organization (ISRO), is headquartered in Bangalore and employs approximately 20,000 people.
Karnataka is the leader in the information technology sector in India and its capital, Bangalore, is known as the Silicon Valley of India.
2. Tamil Nadu (GDP Rs 17.25 lakh crore/ $260 billion)
Tamil Nadu has the second-largest economy in India. Over 50% of the state is urbanized, accounting for 9.6% of the urban population in the country, while only comprising 6% of India’s total population. Services contributes to 45% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 21%. Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%.
1. Maharashtra (GDP: Rs 27.96 lakh crore/ $430 billion)
The economy of Maharashtra is the largest in India . It is the third-most urbanised state with an urban population of 45% of the whole population. Mumbai, the capital of Maharashtra is considered the financial capital of India with the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds being based in the city.
India’s largest stock exchange Bombay Stock Exchange, the oldest in Asia, is also located in the city. Maharashtra has software parks in many cities around the state, and is the second largest exporter of software with annual exports over ₹80,000 crores. 64.14% of the people are employed in agriculture and allied activities.
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