India is a rich country not only in its culture and traditions but also in wealth. Several people have the misconception that India is a country of the poor, but it is rich in economic prosperity as well. Some states in India are wealthier than others. Here is a list of those states that mark their place in the list of the top 10 richest states in India. We’ll dive into the reasons for what makes these states so rich and wealthier than others. Every state is unique on its own and contributes to boosting the economy of India. To learn about the richest states in the country and their details, read the article below.
The states, which mark themselves as the 10 richest states in India are,
Madhya Pradesh is one of the wealthiest states in India in 2024. This state has a strong agriculture sector along with a blooming tourism and service sector. It has abundant natural resources and a diverse economy. One of the main sources of MP’s wealth is its agriculture sector. The soil of the state is considered rich, and its fertile land is suitable for growing crops including wheat, soybeans and pulses. Several large industries have been set up, such as minerals, chemicals, and textiles. A lot of mining companies have been set up in the state. The GDP for the years 2023-2024 is 13.87 lakh crore. It is the only diamond-producing state in India.
Telangana is the 9th richest state in India; it is considered one of the wealthiest states in India because of its incredible economic performance in recent years. The state has a large number of visitors every year. It has rich and fertile land that is perfect for growing rice, maize and cotton. The state is also known for its vegetation of fresh fruits and vegetable farms. The GDP of Telangana for the years 2023-2024 is 14 lakh crore.
Andhra Pradesh lies in the southern coastal region of India. This state has a well-developed service sector. It has a good rail network, infrastructure, ports, airports and more. It is a suitable place for setting up businesses. Andhra Pradesh has a GDP of Rs 14.49 lakh crore in the year 2023-2024. It has a strong IT sector, which is best for employment opportunities and generates good revenue for the state.
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Rajasthan is one of the biggest states in India by area, but it also marks its place in the list of the wealthiest states in the country. This state has a very strong agriculture sector, and also, tourism is blooming in the state. Rajasthan has large industries, including textiles, minerals and chemicals. It has major mining companies setting up in the state, it also provides a lot of employment opportunities and contributes to the economic growth of the country. GDP for the years 2024-2025 is 15.7 lakh crore.
West Bengal is known for its rich culture, history, and heritage. Tourism in the state is growing day-by-day and it has seen a rise in its economic growth in the past few years. Agriculture is the leading economic sector in West Bengal. Rice is the state’s principal food crop. Rice, potato, jute, sugarcane, and wheat are the state’s top five crops. The GDSP of West Bengal is ₹18.8 lakh crore for years 2024-2025.
Uttar Pradesh is the most populated state of India and also marks its place in the list of richest states in the country. Its GDSP is estimated to be Rs 24.39 lakh crore in 2024-2025. It is also the largest producer of grains, including rice, wheat, maize, bajra, gram, pea, and lentils. The state has seen a rise in the tourism sector and cities like Varanasi and Agra. Mathura and Prayagraj are the most visited cities in the state.
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Karnataka is one of the highest economic growth states in India, with an expected GSDP (Gross State Domestic Product) growth of 9.5%. Agriculture is the primary source of income for the people of the state. It is popularly known for the production of coffee, rice, and sugarcane. Karnataka is also the centre for biotechnology research and development. It employs a larger portion of the population of the state. The GDSP of Karnataka is Rs 28.09 lakh crore in the years 2024-2025.
The most industrialised state in Western India has the highest industrial output of any state in the Union. It is the leading player in chemicals, petrochemicals, dairy, drugs and pharmaceuticals, gems and jewellery, and whatnot. It is also known for its capacity to produce electricity. This state has the lowest unemployment rate in the country. It ranks number one in the pharmaceutical industry in India. The GDSP of Gujarat is Rs 27.9 lakh crore.
Tamil Nadu is the second-wealthiest state of our country, India, and has a GSDP of 28.3 lakh crore. It has significantly contributed to India’s GDP through its industrial and agricultural sectors. Tamil Nadu is also a leading producer of textiles such as silk and cotton. In recent years, it has seen growth in its IT and software industries. It is the second-richest state in our country.
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Maharashtra is at the top of the rankings of the richest states in India. It is also known as the financial capital of India. India’s richest province is the entertainment, fashion, and commercial centre of India. It is the wealthiest in terms of GDP, or, one can say, the richest state in India with the highest GDP. India’s largest stock exchange also lies here, known as the Bombay Stock Exchange. The GDP of Maharashtra for the years 2024-2025 is ₹42 lakh crore.
The top 10 richest states in India depict the level of development the country has achieved and how these states tend to improve the GDP of the country. Every state of the country has its own unique features that make it different from others. Regardless of their ranking, every state has its own unique contribution to the country and its people. These states provide employment opportunities to people, play a vital role in the growth and development of the country, and uplift the regions in India.
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