As you might have heard India now has become the 5th largest economy in the world by having a $4,112 Billion GDP, right? Well, that’s all thanks to the phenomenal growth that has been going on for quite some time now, and there are particular states that are high up in the ranks that are contributing to the total GDP of India. And today, we are here to take a good look at just that, you know, the top 5 richest states in India as of 2024. So, let’s get started with that without any delay, shall we?
1. Maharashtra – 38.79 Lakh Crore INR
Maharashtra tops the chart as the richest state of India, with its GDP at 38.79 lakh crore INR. Apart from having the financial capital of India, Mumbai, the heart of India’s finance, several major stock exchanges such as the Bombay Stock Exchange and headquarters of various eminent banks and financial firms are located here. Maharashtra has a mix of thriving sectors: manufacturing, media, aerospace, tech, oil, fashion, and tourism from across the globe. From influencing in the areas of design, fashion, movies, music, performing arts, and publishing together with TV and radio, the service industry greatly boosts the Maharashtra economy.
- Also Read: Top 5 Poorest States of India
2. Tamil Nadu – 28.3 Lakh Crore INR
Tamil Nadu stands second, with a GDP of 28.3 lakh crore INR. It has been the industrial activity, mostly in the automobile, textile, and IT sectors, which has resulted in economic prosperity. Chennai, the state capital, has developed into a high-tech and car manufacturing center for many national and international companies. The state is further developing its infrastructure related to transport, communication, and energy already constructed to make it a potent economy. Its population of around 72 million presents the state that has thrown light on the economic map, and also on the educational map, which has given good strength to literacy and the skilled labor force.
3. Gujarat – 25.62 Lakh Crore INR
Gujarat would stand as the third state on this list with 25.62 lakh crores INR in terms of GDP. It has a dynamic agriculture industry and trade, Gujarat is a leading producer of items such as cotton, dairy, peanuts, dates, and sugarcane. Its 6 crore inhabitants in Gujarat are better off from the economic growth reflected in investments made in better infrastructure and living conditions. The place is also of cultural and historical importance because it has sites like the Sabarmati Ashram and those linked to the ancient Indus Valley Civilization, which all add to the rich cultural identity that it carries.
4. Karnataka – Rs. 25 Lakh Crore
Karnataka, with an economy worth Rs 25 lakh crore, grabs the fourth spot in this list. The largest in India’s technology industry, its capital city Bengaluru has become the tech heart of India. The state is populated by approximately 6.1 crore people, lively in economy, and living standard of the city. The old kingdoms in place of Karnataka are also loved, with beautiful buildings that attract many tourists. The state is big on education and new technology, which helps it grow even more.
5. Uttar Pradesh – Rs. 24.39 Lakh Crore
Fifth on this list, the economy of Uttar Pradesh is worth Rs 24.39 lakh crore. It has been famous for farming primarily, but at present, it is getting into other businesses, including manufacturing goods and offering services, like technology and farming-related industries. It is one of the most populated states in India, with a very large pool of citizens, totaling up to about 199 million in number. Chances are that it has the highest potential to grow its economy. Other than the agricultural sector, Uttar Pradesh has continued moving on to the industrial sector, which covers manufacturing and services like tech, crafts, and small businesses.
FAQs
Q1. Which state has the lowest GDP in India?
Ans: Bihar is at the bottom in contributing to the economy of India, not much more than about 3.1%. Many problems like poverty, insufficient jobs, and poor facilities have given the state a stepchild-like treatment over time.
Q2. Which city has the highest GDP in India?
Ans: Mumbai is the money-making machine for India. In this city, there lie the greats like the stock markets, such as the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The city makes $368 billion, which is 6.16 percent of all the money that India makes.
Q3. Why Tamil Nadu’s GDP so high?
Ans: It is world-famous with respect to goods in agriculture, metals, and minerals. It digs some important stuff like bauxite, limestone, gypsum, lignite (a kind of coal), magnesite, and iron. Tamil Nadu is for sure the second richest state, as it has lots of industries, and hence, the most industrialized state in India.
Q4. Which state is fastest growing in India?
Ans: After Gujarat, Karnataka is the state following fast, with 7.3 percent growth every year. Its economy has grown from Rs 6.06 lakh crore in 2011-12 to Rs 11.44 lakh crore in 2020-21.
