List Of Top 10 Richest States In India: Which One Leads And Its Primary Income Source

Top 10 Richest States In India By GSDP: India's economic landscape is shaped by its diverse 28 states, each contributing uniquely to its Gross State Domestic Product (GSDP). Some states' agricultural, tourism and technological industries have made them affluent. Mumbai serves as the financial centre of Maharashtra, the richest state in India, and is the place of Bollywood and important multinational corporations. Second place goes to Tamil Nadu, which is famous for its IT, textile and automotive sectors. Bengaluru is the tech hub of India, followed by Karnataka in third place. Natural resources, industry and trade are the main drivers of the robust economy of other states.

List Of Top 10 Richest States In India And Their Annual GSDP

Here’s a list of the top 10 richest states in India based on their GSDP for the year 2024-2025 according to Forbes. Also, check the primary source of their strong economy. 

 Top 10 Richest States Of India And Their Income Source

1. Maharashtra

India's economic powerhouse is Maharashtra, which is expected to generate ₹42.67 lakh crore in 2024–2025. The backbone of the state's thriving economy is its industries including manufacturing, entertainment, banking and information technology. Major financial institutions and company offices are located in Mumbai which makes it the country's financial hub.

2. Tamil Nadu

With a projected GSDP of ₹31.55 lakh crore in a year, The diversified economy of Tamil Nadu includes manufacturing, textiles, autos and information technology. Its advantageous seaside location is perfect for commerce and export prospects, elevating its economic standing.

3. Karnataka

By 2024- 2025, Karnataka's economy is expected to surpass a GSDP of ₹28.09 lakh crore. Its main industries include manufacturing, biotechnology, aerospace and information technology. Particularly, the capital of Karnataka, Bengaluru is known as the "Silicon Valley of India.”

4. Gujarat

Gujarat has become a major industrial hub in the country for petrochemicals, textiles and pharmaceuticals. With a GSDP of over ₹27.9 lakh crore in 2024–2025, the state's economic outlook has improved as a result of the massive investments brought in by its great infrastructure and investor-friendly regulations.

5. Uttar Pradesh

In 2024–2025, Uttar Pradesh's GDP reached ₹24.99 lakh crore. The primary source of its economy is the agribusiness sector which includes rice, wheat and sugarcane production. The state's economy has recently been bolstered by the expansion of the manufacturing and services industries.

6. West Bengal

North East state West Bengal's economy is shaped by manufacturing, services and agriculture, with a projected GSDP of ₹18.8 lakh crore at present. The information technology industry is also growing in the state that produces the most paddy and jute, particularly in the capital Kolkata. 

7. Rajasthan

According to estimates, Rajasthan's GSDP for 2024–2025 was ₹17.8 lakh crore. Tourism, mining and agriculture all contribute to the state's economy. Its several landmarks and rich cultural legacy make tourism a key pillar of economic development.

8. Telangana

With the projected GSDP standing at ₹16.5 lakh crore in 2024-25, Telangana has an emerging economy mainly driven by information technology, pharmaceuticals and biotechnology. The state capital, Hyderabad, being an IT hub, also attracts investments from global tech firms. 

9. Andhra Pradesh

Andhra Pradesh's economy’s primary source is agriculture and the GSDP in 2024–2025 is ₹15.89 lakh crore. Horticulture is also making major contributions. To broaden its economic basis, the state is also concentrating on growing its manufacturing sector.

10. Madhya Pradesh

Madhya Pradesh's economy is majorly dependent on agriculture, mining and forestry, which increase its gross state product to ₹15.22 lakh crore in 2024–2025. As a major producer of soybeans, wheat and pulses, this state is headed towards industrialisation in support of economic development.

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