India’s states play a vital role in shaping the country’s economic landscape. Below are the top 10 Indian states ranked by their projected Gross State Domestic Product (GSDP) for the fiscal year 2024-25:
1. Maharashtra
Maharashtra leads the economic rankings with a staggering projected GSDP of ₹42.67 lakh crore for FY 2024-25. As India’s financial capital, it thrives on industries like finance, manufacturing, and trade, contributing immensely to national growth.
2. Tamil Nadu
Tamil Nadu follows with a projected GSDP of ₹31.55 lakh crore. Its strong industrial base, IT hubs, and flourishing agriculture sector cement its position as the second richest state in India.
3. Karnataka
Karnataka, with a projected GSDP of ₹28.09 lakh crore, ranks third. It’s a global IT hub centered in Bengaluru and a leader in biotech and aerospace industries, making it a key contributor to India’s economy.
4. Gujarat
Known for its trade and diamond processing, Gujarat’s projected GSDP of ₹27.9 lakh crore earns it the fourth spot. The state also excels in renewable energy and industrial production.
5. Uttar Pradesh
With a projected GSDP of ₹24.99 lakh crore, Uttar Pradesh is India’s largest state by population and the fifth largest by GDP. Its economy is powered by agriculture, manufacturing, and a growing industrial base.
6. West Bengal
West Bengal, with a GSDP of ₹18.8 lakh crore, is ranked sixth. Its diverse economy spans industries like tea, jute, and manufacturing, alongside a robust service sector.
7. Rajasthan
Rajasthan ranks seventh with a projected GSDP of ₹17.8 lakh crore. Known for its rich mineral resources and tourism, the state is also a growing hub for solar energy.
8. Telangana
Telangana’s projected GSDP of ₹16.5 lakh crore places it eighth. Hyderabad, the capital, is a key player in IT and pharmaceuticals, driving the state’s economic growth.
9. Andhra Pradesh
Ranked ninth, Andhra Pradesh has a projected GSDP of ₹15.89 lakh crore. The state thrives on agriculture, aquaculture, and industrial development, especially in ports and infrastructure.
10. Madhya Pradesh
Madhya Pradesh rounds out the top 10 with a projected GSDP of ₹15.22 lakh crore. Its economy is bolstered by agriculture, mining, and a growing industrial base.
Conclusion
These states are the backbone of India’s economic engine, showcasing a mix of industrial, agricultural, and service-driven growth. Maharashtra’s dominance, Tamil Nadu’s industrial strength, and Karnataka’s IT prowess highlight India’s economic diversity, paving the way for continued growth and global recognition.
Source: Forbes, with the data of GSDP
