India is one of the fastest growing countries in the world and the day is not far away, when India will stand in the elite league of Developed Countries. India has 29 states and each of them contributes in India’s GDP. Now the question arises, what is GDP? GDP stands for Gross Domestic Product, which is the total value of all products and services produced in a region, state or country in a particular period of time.
For states, the term used is GSDP, which stands for Gross State Domestic Product, which is same as GDP and the only difference is GDP is used for a country whereas GSDP is used for state.
Well, all the states of the country are progressing day by day but there are few states whose GDSP has been exceptionally well as compared to most of the states.
This post lays down the list of Top 10 most Developed States in India, here check it out.
10. Madhya Pradesh
With GSDP of Rs 4,34,730 Crore, Madhya Pradesh is ranked 9th in the list of top 10 most developed states in India. Madhya Pradesh is the fastest growing state in India and in the last financial year, it has shown a tremendous growth rate of 20.33%.
Madhya Pradesh came into present form in the year 2000 and within two decades, it has emerged as an ideal state for investment due to infrastructural development. Madhya Pradesh contributes more than 4% in India’s GDP and it is also the largest soybean producer in the country with more than 70% share in national production.
GSDP: Rs 7.35 Lakh Crore
The state was formed in the year 2014 by splitting from the state Andhra Pradesh and its capital is Hyderabad. This state has secured the ninth position in the list of Top 10 Most Developed States in India.
The state is popular for its infrastructure and ecosystem is basks into. Telangana’s industrial infrastructure is under the supervision of the Special Economic Zone (SEZ).
GSDP: Rs 7.50 Lakh Crore
This state has been endowed with natural beauty has helped the state to lot of extent in boosting its tourism sector.
Kerala enjoys unique heritage and great cultural diversity that attracts tourists not only from Indian but all around the globe.
This state has many traditional industries such as handloom, handicrafts, cashew nuts etc. It also is a leading producer of pepper, rubber, coir and coconut.
GSDP: Rs 7.50 Lakh Crore
With a GDP of Rs 5,17,615 Crore, Rajasthan is next in this list. Rajasthan is a leading producer of edible oils in the country and agriculture form a major part of state’s economy.
Also, Rajasthan is a leading cement producer in the country and account a major share in total cement production in the country.
GSDP: Rs 7.67 Lakh Crore
6. West Bengal
West Bengal is a swiftly growing state with a significant contribution in India’s GDP. West Bengal in the last financial year shown a growth rate of more than 17%, which is among the highest growth rates shown by states in India.
It is also a centre of numerous industries, that belong to sectors like Steel, Jute, Fertilizers, Chemicals, Minerals, etc.
GSDP: 9.20 Lakh Crore
Gujarat is placed at 4th place in the list of top 10 most developed states in India. Gujarat is one of the most industrialized and developed states in India and contributing more than 7% in India’s GDP.
Gujarat is a hub of many national and multinational companies, which belong to different sectors. Jamnagar Oil Refinery in Gujarat, which is operated by Reliance Industries Limited is the World’s largest oil refinery with a capacity of more than 12 Lakh barrels per day.
GSDP: Rs 10.94 Lakh Crore
4. Uttar Pradesh
Uttar Pradesh is another developed state in India, which contribute more than 8% in India’s GDP and stand at 2nd position in the list of top 10 most developed states in India. Uttar Pradesh is the largest producer of sugar in India and account for about 70% share of total sugar production in India.
Uttar Pradesh is also a centre of many industries belonging to different sectors, that include Automobile, Leather, Steel, Jewellery, etc. Also, Noida has emerged as a Information Technology Hub of Northern India.
GSDP: Rs 12.37 Lakh Crore
Karnataka is among the most developed states in India and a centre of many public sector companies like Bharat Electronics Limited, Hindustan Aeronautics Limited, Bharat Earth Movers Limited, etc.
Also, Karnataka has many multinational IT companies like Infosys, Wipro, IBM, etc.
GSDP: Rs 12.80 Lakh Crore
2. Tamil Nadu
3rd position is occupied by Tamil Nadu, which is among the largest producers of rice and turmeric in India. Tamil Nadu is a hub of numerous companies belonging to different sectors like Leather, Automobile, Textile and Information Technology.
Some of the major companies in Tamil Nadu include BMW, Ashok Leyland, Cisco, Hyundai and Infosys. Major companies belonging to different sectors have made a huge investment in the state, which is more than Rs 36,000 Crore.
GSDP: Rs 13.69 Lakh Crore
Maharashtra is the most developed state in India with GSDP of more than Rs 14 Lakh Crore. Its growth and development can be traced from the fact that it contribute more than 14% in India’s GDP. Also, Maharashtra has shown a growth rate of more than 13% with respect to the previous year.
The major part of GSDP of Maharashtra come from industries and contribution of industries is more than 45% in State’s GSDP. Some of the major industries in Maharashtra are Pharmaceuticals, Automobiles, Petrochemicals, Food Processing and Information Technology.
To create an environment for industries, Government of Maharashtra has started an initiative called Make in Maharashtra. The main objective of this initiative is to increase investment and industrialization in Maharashtra.
GSDP: Rs 25.35 Lakh Crore