India’s economy is powered by several states that have achieved high levels of industrialization, infrastructure development, and technological growth. These states contribute significantly to the nation’s GDP and are known for their diverse industries, ranging from finance to manufacturing and IT. In this article, we will know about the top-5 richest states of India based on their per capita income.
India has 28 states. Each state has its own government and laws for managing local affairs. These states are different in terms of language, culture, and traditions. India also has 8 Union Territories, which are directly managed by the central government.
Per capita income is the average income earned by each person in a country or region. It is calculated by dividing the total national income by the total population. This helps to measure the economic well-being of people in an area. A higher per capita income usually means that people in that place are wealthier.
Delhi, with the per capita income of 250.8%, holds the title of the richest state of India on the basis of per capital income, followed by Telangana and Karnataka.
Here are the names of top-5 richest states of India on the basis of per capita income as of 2024:
As a Union Territory, Delhi ranks as one of the wealthiest regions in India. In 2023-24, Delhi’s per capita income has increased to 250.8% from 218.3% in 1960-61. The city’s position as the national capital and its role as a major commercial and industrial hub contribute significantly to its high economic standing.
Telangana has rapidly developed since its formation in 2014. By 2023-24, the state’s per capita income has grown to 193.6%. This southern state is known for its thriving IT industry and agriculture, helping boost its economic performance.
Karnataka, home to India’s Silicon Valley in Bangalore, is another wealthy state. The per capita income of Karnataka has grown from 96.7% in 1960-61 to 180.7% in 2023-24. The state’s prominence in technology, education, and manufacturing sectors plays a major role in its wealth.
Haryana, primarily an agricultural state, has seen massive growth in its industrial and real estate sectors. The per capita income increased to 176.8% in 2023-24 from 106.9% in 1960-61, making it one of the richest states in India.
Tamil Nadu, a major player in manufacturing and services sectors, ranks among the top five wealthiest states. The state’s per capita income rose from 109.2% in 1960-61 to 171.1% in 2023-24. Its industrial development and skilled workforce are key contributors to its wealth.
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