Top 10 Indian States by their contribution to India GDP

Gross domestic product is the best way to measure a country’s economy. GDP is the total value of everything produced by all the people and companies in the country. India is a 2.5 Trillion $ economy let’s see how the States of India contributes to the Nation’s Rapidly Growing economy.

Maharashtra

  • State: Maharashtra
  • Capital: Mumbai
  • GDP: 25.35 lakh crore
  • Rank: 1

Maharashtra, the richest state regarding GDP, has a diversified economy. It owes its success to international trade, mass media (television, movies, video games, and music), aerospace, technology, petroleum, fashion, apparel, and tourism. The state leads in industrialization in India. Most major corporate and financial institutions in the country have their headquarters in the state’s capital city Mumbai, which also happens to be the financial capital of India. The state of Maharashtra also has the largest proportion of taxpayers in India. The state’s share markets transact 70% of the country’s stocks. The service sector dominates the economy of Maharashtra. The state recorded a GDP of US$250 billion in 2014-2015.

Tamil Nadu

  • State: Tamil Nadu
  • Capital: Chennai
  • GDP: 14.79 lakh crore
  • Rank: 2

Tamil Nadu, the second richest state regarding GDP, is a leader in the production of agricultural products in India. It is the fifth biggest producer of rice and produces 10% of fruits and 6% of vegetables in the country. Its leading fruit crops are mango and banana; they account for 87% of total fruit production. Its main vegetables are tapioca, tomato, eggplant, and drumstick. Other economic sectors in Tamil Nadu include textiles, automobiles, heavy industries and engineering, and electronics and software. Rather than be dependent on agriculture, Tamil Nadu has diversified its economy and is one of the highly industrialized states of India. The state in 2014-2015 recorded a GDP of US$150 billion.

Uttar Pradesh

  • State: Uttar Pradesh
  • Capital: Lucknow
  • GDP: 14.29 lakh crore
  • Rank: 3

Uttar Pradesh ranks third in the list of Indian states by GDP, contributing 7.8% to India’s GDP. An agricultural state, Uttar Pradesh is the country’s leading producer of sugar. Sugarcane is the main cash crop and wheat being the main food crop. Uttar Pradesh is also an industrialized economy, being home to some locomotive plants, and manufacturing products such as electrical equipment, steel, leather, textiles, jewelry, and automobiles. The state of Utter Pradesh in 2014-2015 recorded a GDP of US$150 billion.

Karnataka

  • State: Karnataka
  • Capital: Bengaluru
  • GDP: 12.85 lakh crore
  • Rank: 4

Karnataka’s contribution to the national gross domestic product has dramatically increased, thanks to a correction by the Centre in the methodology used to estimate the IT sector’s contribution to the economy.

It is one of the high monetary development states in India with. Karnataka is the sixth wealthiest state in India. Karnataka has recorded most noteworthy development rates as far as GDP and per capita. The tertiary segment contributes 55%, optional segment contributes 29% and vital division contributes 16% to the conservative development of the state. Bangalore, the capital city of the state is the Silicon Valley of India and is a prime IT hub in the country.

Gujarat

  • State: Gujarat
  • Capital: Gandhinagar
  • GDP: 12.75 lakh crore
  • Rank: 5

This state has the biggest inland mechanical focus in western India after Mumbai. This state is the biggest exporters of gems and diamonds. Vikram Sarabhai and Kasturbhai Lalbhai who gave the name for the Ahmedabad as Manchester of India. Aravind Mills is biggest material factories in India. This state has mechanized farming and is one of the largest producer of agricultural products in the country. Gujarat is one amongst the Top 10 Richest States in India 2017.

West Bengal

  • State: West Bengal
  • Capital: kolkata
  • GDP: 9.35 lakh crore
  • Rank: 6

It is one of the wealthiest states in India. The economy of West Bengal is mostly subject to farming and medium measured enterprises. Be that as it may, extensively measured enterprises assumed an exceptionally noteworthy part in the economy of the state. West Bengal was still reliant on the Central Government for taking care of the requests for sustenance. It is the nourishment delivering state in India, which produces 20% of rice, 35% of the potato.

Rajasthan

  • State: Rajasthan
  • Capitals: Jaipur, Jodhpur
  • GDP: 7.52 lakh crore
  • Rank: 7

It is one of the richest states in India 2017. Out of the fifteen million hectares of land that is being developed, just 20% land is being flooded. Wheat, Barley, Gram, Vegetables, organic products and so on are the primary harvests developed here. Openings for work in this state are great. There is a decent system of streets in the state covering a length of 1,50,000km. It has the largest desert in the country and is one of the hottest states in the country.

Telangana

  • State: Telangana
  • Capital: Hyderabad
  • GDP: 7.50 lakh crore
  • Rank: 8

The economy of Telangana is mainly supported by agriculture. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important local crops are cotton, sugar cane, mango and tobacco. Recently, crops used for vegetable oil production, such as sunflower and peanuts, have gained favour. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects.

Kerala

  • State: Kerala
  • Capital: Thiruvananthapuram
  • GDP: 7.48 lakh crore
  • Rank: 9

Service industry dominates the Kerala economy. Kerala’s per capita GDP in 2013-14 is Rs. 103820. Kerala’s economic progress is above the national average, but relatively few major corporations and manufacturing plants are headquartered in Kerala. Around 3,000,000 Keralites are working abroad, mainly in Persian Gulf; to where migration started with the Gulf Boom. The Kerala Economy is therefore largely dependent on trade in services and resulted remittances.

Madhya Pradesh

  • State: Madhya Pradesh
  • Capital: Bhopal
  • GDP: 7.35 lakh crore
  • Rank: 10

The economy of Madhya Pradesh was considered as one of the most “sick” economies of India till 2003 under the CM Digvijaya Singh lead Congress, after 2005 it registered consistent growth rate and it reached India’s top-most state in terms of GDP growth, with a rate of 12% GDP for annual year 2011–12. Madhya Pradesh received an award from President Pranab Mukharjee in January 2013 for improving its tourism, medical and infrastructural growth.

 

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