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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 [update] , 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 ...
Goa's state domestic product for 2017 is estimated at $11 billion at current prices. Goa is India's richest state with the highest GDP per capita—two and a half times that of the country—with one of its fastest growth rates: 8.23% (yearly average 1990–2000). [73]
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.
As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China. [1] Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. [2] He is currently world's 10th richest person in the world according to Forbes. [3]
The economy of Punjab is the 16th largest state economy in India with ₹ 8.02 lakh crore (US$94 billion) [1] in gross domestic product (GDP) for the 2024-25 fiscal year.It's per capita GDP ranks 19th amongst Indian states with US$3,338 (264,000).
According to the provisional results of the 2011 national census, Maharashtra was at that time the richest state in India and the second-most populous state in India with a population of 112,374,333. Contributing to 9.28% of India's population, males and females are 58,243,056 and 54,131,277, respectively. [ 126 ]