Top 10 Richest States in India with highest GDP: India, the world’s fifth-largest economy, some of the Indian states and UTs have become economic powerhouses, contributing significantly to the national economy in terms of GDP and GDP per capita.
List of Richest Indian States by GDP: India is presently on track to become the third-largest economy by 2030. Projections from S&P Global Market Intelligence indicate that India’s nominal GDP will nearly double, exceeding $7 trillion by the fiscal year 2030-31.
S&P Global further states that India is on track to achieve upper-middle-income status by fiscal 2030-31, provided it maintains a projected annual growth rate of 6.7%, following a remarkable 8.2% GDP growth in fiscal year 2024, outperforming the government’s prior forecast of 7.3%.
Notably, in the last quarter of FY24, India’s GDP grew by 8.2%, reaching ₹47.24 lakh crore, with the nominal GDP growth rate in FY24, as per the data released by the Ministry of Statistics and Programme Implementation and the National Statistical Office.
As the world’s fifth-largest economy, India is a diverse nation comprising twenty-eight states, eight Union Territories, and a national capital territory (NCT).
In recent years, some of these regions have emerged as economic powerhouses, contributing significantly to the national economy in terms of GDSP and GDP per capita.
Home to India’s largest film industry, it’s renowned as the country’s financial capital, with most of the headquarters of major financial institutions such as the National Stock Exchange and the Bombay Stock Exchange, and industry giants like Reliance and Tata, which further have solidified its economic prominence.
Next in line is ‘Detroit of Asia,’ Tamil Nadu, which is known for its strong industrial foundation, particularly in the automotive, textiles, and information technology sectors which significantly contribute to the state’s economy, is the second richest state in India.
It’s also noteworthy to mention that India’s capital city, New Delhi, ranks 13th with a projected Gross State Domestic Product (GSDP) of INR 11.07 lakh crore for FY 2024-25, contributing approximately 3.6% to the national economy.
So, with each state contributing uniquely to the nation’s overall growth, these top ten richest Indian states, showcasing a remarkable variance in wealth and development, in terms of GDSP (Gross State Domestic Product) and GDP per capita.
| Rank | State | Projected GSDP (in INR, lakh crore; FY 2024-25) | GDP per capita net state domestic product (in INR, lakh; FY 2022-23) | State share of national GDP (%) |
| 1 | Maharashtra | 42.67 | 2.89 | 13.30% |
| 2 | Tamil Nadu | 31.55 | 3.50 (2023-24) | 8.90% |
| 3 | Karnataka | 28.09 | 3.31 | 8.20% |
| 4 | Gujarat | 27.9 | 3.13 | 8.10% |
| 5 | Uttar Pradesh | 24.99 | 0.96 | 8.40% |
| 6 | West Bengal | 18.8 | 1.57 | 5.60% |
| 7 | Rajasthan | 17.8 | 1.67 (2023-24) | 5% |
| 8 | Telangana | 16.5 | 3.83 (2023-24) | 4.90% |
| 9 | Andhra Pradesh | 15.89 | 2.7 | 4.70% |
| 10 | Madhya Pradesh | 15.22 | 1.56 (2023-24) | 4.50% |
Source: Forbes, with the data of GSDP and GSDP per capita referred from PRS Legislative Research, based on their 2024-25 budget estimates and state share of national GDP, is taken from the Economic Advisory Council.
Methodology: GDP measures the value of goods and services produced in a region, while GDP per capita represents the average economic output per person. These parameters provide insight into the wealth held in a region and enable us to rank Indian states and identify the wealth status of these states.
https://indianexpress.com/article/trending/top-10-listing/top-10-richest-states-in-india-by-gdsp-and-gdp-per-capita-as-of-2024-9601172/lite/
