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GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011, the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
This is a list of Indian states and union territories by their per capita Net state domestic product (NSDP). NSDP is the state counterpart to a country's Net domestic product (NDP), which equals the gross domestic product (GDP) minus depreciation on capital goods. [1] [2]
Indian States by GDP (Purchasing power parity) [1] Rank State/Union territory 2018-19 in Billion (USD) 1 Maharashtra: $1,353.831 2 Tamil Nadu: $820.652 3 Karnataka: $758.01 4 Gujarat: $738.039 5 Uttar Pradesh: $722.644 6 West Bengal: $561.150 7 Rajasthan: $469.068 8 Andhra Pradesh: $454.167 9 Telangana: $423.176 10 Madhya Pradesh: $408.822 11 ...
Many of the states of India have large GDP (called gross state product) which would rank highly on a list of countries by GDP. These figures are based on the World Bank list on List of countries by GDP (PPP) for world GDP, and the States of India by size of economy figures.
The economy of the state of Maharashtra is the largest in India. [15] Maharashtra is India's second most industrialised state contributing 20% of national industrial output. Almost 46% of the GSDP is contributed by industr
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [62]
The income generated from horticulture constitutes over 40% of income generated from agriculture and it is about 17% of the state's GDP. [12] In floriculture, Karnataka occupies the second position in India in terms of production and 700 tons of flowers (worth ₹ 500 million) were produced in 2004–05. [12] Traditional farming methods are ...
The industrial sector's contribution to the state's GSDP was estimated at 33.45% in 2014–15. Most of Odisha's industries are mineral-based. Odisha has 25% of India's iron reserves. It has 10% of India's production capacity in steel. Odisha is the top aluminium producing state in India.