Jul 5, 2023, 10:11 PM IST
With its GSDP standing at a whopping $400 billion, the state is the richest in India. The country's financial capital Mumbai is also located in the state. Maharashtra is a major producer of cotton, soybeans, and sugarcane. It also has a strong industrial base.
It's the second-richest state in India with a GSDP of $300 billion. The state has a strong and diverse economy, majorly driven by the engineering, automobile, and textile sectors.
It is the most populous state in India and ranks third in terms of GDP. Its GSDP stands at $210 billion. It has a mix of agriculture, manufacturing, and service sectors. The state's capital, Lucknow, is an important cultural and administrative centre.
With its GSDP standing at $200 billion, Gujarat is the fourth-wealthiest state in India. Gujarat is the first choice of enterprises in the country, thanks to its robust rail, port and road network.
The GSDP of Karnataka is around $200 billion, and the state ranks just below Gujarat in terms of prosperity. Both the agriculture and industries sectors are rapidly rising and are major drivers of the state's economy. Numerous industries, including those in IT, biotechnology, and aerospace, are based in the state.
Located in eastern India, the state ranks sixth in terms of GDP with a GSDP of $150 billion. It has a mix of agriculture, manufacturing, and service sectors. Kolkata, the state's capital, is an important cultural and commercial centre.
Known for its rich history and culture, Rajasthan ranks seventh in terms of GDP. The state's economy is primarily based on agriculture, tourism, and mineral resources. Its GSDP stands at $130 billion.
It is an agrarian state with a growing industrial and services sector. Andhra Pradesh ranks eighth in terms of GDP. The city of Visakhapatnam is a major industrial and port city in the state. Its GSDP is $120 billion.
Carved out of Andhra Pradesh in 2014, Telangana ranks ninth in terms of GDP. Its capital, Hyderabad, is a major IT and business hub, contributing significantly to the state's economy. The state GDP is estimated to be $120 billion.
Known as the heart of India, Madhya Pradesh is the 10th wealthiest state with a GSDP of around $120 billion. In recent years, the state government has made a concerted effort to encourage industrial expansion and investment.