Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?
3 months ago

Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?

Hindustan Times  

Southern Indian states have surged ahead of northern states after liberalisation, in terms of contribution to India's GDP as well as having higher-than-average per capita incomes, according to a Business Today article which cited an Economic Advisory Council report to the Prime Minister released on Tuesday, September 18, 2024. Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu collective account for 30% of India’s GDP, according to the report. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu collective account for 30% of India’s GDP, according to the report. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} West Bengal on the other hand, saw a steady decline from being one of India’s top contributors, accounting for 10.5% of the GDP in 1960-61.

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History of this topic

Telangana 5th Largest Contributor to Indian Economy
2 weeks ago

Telangana 5th Largest Contributor to Indian Economy

Deccan Chronicle  

Mumbai: Telangana has slipped one place and is now the seventh largest contributor to the country’s economy for 2023-24 according to the Reserve Bank of India’s ‘Handbook of Statistics on Indian States’ released on Monday. The net state domestic product for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per …

Top 10 Richest Indian States: A Geographical Dive into Economic Power
1 month, 3 weeks ago

Top 10 Richest Indian States: A Geographical Dive into Economic Power

Live Mint  

The Hurun India Rich List 2024 highlights the state-wise distribution of the country’s richest people with the highest net worth. States with notable entries include Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Odisha, Chandigarh, Jharkhand, Uttarakhand, Karnataka, West Bengal, Tamil Nadu, Telangana, Gujarat, Delhi, Maharashtra, and Delhi. Karnataka ranks sixth, with 108 entries, up from 72 in 2020, driven primarily by …

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24
2 months ago

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24

The Hindu  

Tamil Nadu's Gross State Domestic Product (GSDP) grew 8.23% in 2023-24, ranking second in GSDP at current prices, only behind Maharashtra. The State's per capita income was estimated at ₹1,79,732 in 2023-24, indicating a significant improvement in the State's overall economic performance compared to earlier years.

Per capita income in Telangana 193.6% of national average
3 months ago

Per capita income in Telangana 193.6% of national average

New Indian Express  

HYDERABAD: Relative per capita income in Telangana is now 193.6% of the national average, as per a working paper of the Economic Advisory Council to the Prime Minister, titled “Relative Economic Performance of Indian States: 1960–61 to 2023–24”. Meanwhile, Karnataka, Tamil Nadu, and Kerala have per capita incomes of 181%, 171% and 152.5% of the national average, respectively. An average …

Economic survey projects Maharashtra’s economy to grow by 7.6%
5 months, 3 weeks ago

Economic survey projects Maharashtra’s economy to grow by 7.6%

Deccan Chronicle  

As per the survey, the FDI equity inflow in Maharashtra was Rs 1,25,101 crore as compared to Rs 1,18,422 crore in 2022-23. The Economic Survey was presented by Deputy Chief Minister Ajit Pawar, who also handles the finance portfolio, in the monsoon session of the Maharashtra legislature on Thursday. In 2022-23, Maharashtra registered a growth of 6.8 per cent, which …

Maharashtra’s per capita income slides, Gujarat surges ahead
5 months, 3 weeks ago

Maharashtra’s per capita income slides, Gujarat surges ahead

New Indian Express  

MUMBAI: Maharashtra has slipped to the sixth position in terms of per capita income across India, as revealed in the state's economic survey report presented during the monsoon session of the Maharashtra State Assembly. Maharashtra's per capita income is recorded at Rs 2,52,389, followed by Andhra Pradesh with Rs 2,19,881 and Uttar Pradesh at Rs 83,636. Former Union Minister Sharad …

Top 1% Indians’ income share is higher now than under British-rule: Data
9 months ago

Top 1% Indians’ income share is higher now than under British-rule: Data

The Hindu  

March 23, 2024 08:28 am | Updated 05:23 pm IST In 2022, 22.6% of the national income went to the top 1% of Indians. Chart 2 | The chart shows the year-wise share of national income for the top 10%, the bottom 50% and the middle 40% of the population To start with, in the 1950s and 60s, the income …

What tells us more about prosperity: Consumption or GDP per head?
9 months ago

What tells us more about prosperity: Consumption or GDP per head?

Live Mint  

Maharashtra and Rajasthan are among India’s large states in terms of population. However, as per recently released data on household consumption expenditure for 2022-23, nominal as well as real spending per person in rural Rajasthan was higher than in rural Maharashtra. If the share of labour income in gross value added is relatively low and falling, then per capita output …

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments
10 months, 1 week ago

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments

The Hindu  

February 12, 2024 11:06 pm | Updated February 13, 2024 09:54 pm IST With the BJP-led government exuding over-confidence on the state of the economy, the interim Budget presented earlier this month has shifted focus to fiscal consolidation. Even then, the simple truth which is evident from the official data is that on average, real GDP growth was at least …

India’s per capita income to jump 70% by 2030, reach $4,000: Report
1 year, 4 months ago

India’s per capita income to jump 70% by 2030, reach $4,000: Report

Live Mint  

The per capita income of India is likely to grow around 70% by 2030 and is expected to reach $4,000 from current levels of $2,450, a research report by Standard Chartered Bank said. Telangana on top among states Telangana currently takes the top spot in the per capita income rankings with ₹2,75,443. However, the StanC report foresees a shift in …

People in smaller states fared better in consumption
1 year, 7 months ago

People in smaller states fared better in consumption

Deccan Chronicle  

HYDERABAD: In spite of global headwinds, India has registered a highest-ever collection of Goods and Services Tax in April, attesting the country’s impressive economic growth. According to the break-up of state-wise GST collection provided by the Union finance ministry, only six states have contributed more than Rs 10,000 crore to the coffers. Karnataka stood as the distant second in the …

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao
1 year, 8 months ago

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao

ABP News  

Telangana IT and Industries Minister KT Rama Rao on Friday said that the state has been ranked first in per capita income in 2022–23. KT Rama Rao tweeted that the per capita income of Telangana has increased from Rs. While it may be a matter of great pride for Telangana to be ranking on top of the charts on increased …

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey
1 year, 9 months ago

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey

News 18  

The Maharashtra Economic Survey, tabled on Wednesday, pegged the state’s economic growth at 6.8 per cent for the current financial year 2022-23. It said that in 2022-23, the state’s agriculture and allied activities sector is expected to grow 10.2 per cent, industry sector by 6.1 per cent and services sector by 6.4 per cent. According to the Economic Survey 2022-23, …

Data | Poor revenues, higher spending increased debt burden of ten Indian States
2 years, 5 months ago

Data | Poor revenues, higher spending increased debt burden of ten Indian States

The Hindu  

The pandemic has worsened the fiscal positions of State governments. The revenue expenditure of many of these States constitute 80-90% of the total expenses and therefore they have poor capital spending. Within own tax revenue, States’ goods and services tax, States’ excise duties and sales tax are the major sources of revenue High revenue expenditure The share of revenue expenditure …

Maharashtra Has 56,000 Millionaire Households; Highest in India: Report
3 years, 9 months ago

Maharashtra Has 56,000 Millionaire Households; Highest in India: Report

News 18  

With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most …

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