January 18, 2021

List of The Richest States (By GDP) in India

Do you know which state is the richest in India 2020? No more doubts. I’ts Maharashtra. It is a state in the western peninsular region of India. This state occupies a substantial portion of the Deccan plateau. It is the second most populous state in India. It is also the worlds second most populous sub national entity. Maharashtra is the third most urbanized state of India 2020.

Maharashtra is the wealthiest state by all major economic parameters and also the most industrialised state of India. It is the single largest contributor to national economy with a share of 15% in the country’s Gross National Product (GDP). the economy of Maharashtra is the largest state economy in India with RS24.11 lakh crore in GDP and a per capita GDP of RS176000.

India’s largest stock exchange, Bombay Stock Exchange, the oldest in Asia is located in Bombay. Maharashtra is India’s leading industrial state contributing 13% of national output. Maharashtra has software parks in many cities around the state and. It is the second largest exporter of software with annual exports over RS80,000 crores. 64.14% of the population is employed in the agricultural sector which makes agriculture a major factor in the growth of Maharashtra.

Tamil Nadu is the second richest state in India. Karnataka is the third followed by Uttar Pradesh, Gujarat, West Bengal, Andra Pradesh, Telangana, Rajasthan and Kerala.

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