India has been ranked among the 10 wealthiest countries globally with total individual wealth of $5,200 billion, but this is largely owing to its large population, a report said, adding that on a per capita basis, the average Indian is "quite poor".
According to the report by New World Wealth, India has been ranked sixth in the list of top 10 wealthiest countries in the world, which was topped by the United States with total individual wealth of $48,700 billion.
Now we can look in India which are the top 10 richest states:-
#10-MADHYA PRADESH
Nominal GDP- 7.35 Lakh Crore (INR)
#9-KERALA
Nominal GDP- 7.48 Lakh Crore (INR)
Kerala or historically Keralam is an Indian state in South India on the Malabar Coast.Kerala is basically a mixed economy. The state is one of the highest producer of pepper and natural rubber in India as it also produces coconut,tea,coffee and spices to be precised. Main while Kerala's economy is also largely dependent on the immigrants working in the foreign countries mainly Arab States of Persian Gulf. Services such as transportation,communication,tourism,real estate,banking,insurance also comprises highly on state GDP. According to a estimate data of 2017/18, the nominal GDP of the state is around 7.48 lakh crore INR making it the 9th richest state in India.
The newly formed Telengana is the 29th state of Republic of India ,located in southern part of the country. Geographically it is the 12th largest state of India. The Economy of the state is mainly driven by agriculture while Godavari and Krishna, two of the important rivers in India provide irrigation. Rice is the major crop and staple food of the state as well as mango,cotton,sugar cane,tobacco are also produced in high numbers. While agriculture being the chief source of income in the state, the government is also promoting industrialization with schemes to invite investors from other states and foreign countries. The Nominal GDP of the state counts 7.50 lakh corers with the help of a 2017/18 estimate , making Telengana the 8th richest state of the country.
Kerala or historically Keralam is an Indian state in South India on the Malabar Coast.Kerala is basically a mixed economy. The state is one of the highest producer of pepper and natural rubber in India as it also produces coconut,tea,coffee and spices to be precised. Main while Kerala's economy is also largely dependent on the immigrants working in the foreign countries mainly Arab States of Persian Gulf. Services such as transportation,communication,tourism,real estate,banking,insurance also comprises highly on state GDP. According to a estimate data of 2017/18, the nominal GDP of the state is around 7.48 lakh crore INR making it the 9th richest state in India.
#8-TELENGANA
Nominal GDP- 7.50 Lakh Crore (INR)
The newly formed Telengana is the 29th state of Republic of India ,located in southern part of the country. Geographically it is the 12th largest state of India. The Economy of the state is mainly driven by agriculture while Godavari and Krishna, two of the important rivers in India provide irrigation. Rice is the major crop and staple food of the state as well as mango,cotton,sugar cane,tobacco are also produced in high numbers. While agriculture being the chief source of income in the state, the government is also promoting industrialization with schemes to invite investors from other states and foreign countries. The Nominal GDP of the state counts 7.50 lakh corers with the help of a 2017/18 estimate , making Telengana the 8th richest state of the country.
#7-RAJASTHAN
Nominal GDP- 7.50 Lakh Crore (INR)
Rajasthan,India's largest state by area is located in the western side of the country famous for its wide and inhospitable Thar Desert. The state holds a significant historical value and is India's most famous destination for foreign tourists. The states main economical source is agriculture and pastoral. Wheat, barley are cultivated over large areas as well as pulses, sugar cane and oil-seeds. Rajasthan is also famous for its mineral and textile based industries. The state is earning approx. Rs 150 million a day revenue from crude and oil sector. According to the data of 2016/17 financial year , Rajasthan's total nominal GDP is around 7.50 Lakh Crore rupees to make it 7th richest country in the world.
#6-WEST BENGAL
Nominal GDP- 9.20 Lakh Crore
West Bengal is a Indian state located in the eastern India on the Bay of Bengal. It is the fourth most populous state of the country with Kolkata being its capital. The state holds significant historic value from British Raj in India. Agriculture is the leading occupation in West Bengal with rice being states principal food crop. With rice, potato,jute,sugar cane and wheat are the top cultivated coops in the state. Tea is also a famous product of the state coming from northern district of Darjeeling. With a total nominal GDP of 9.20 Lakh crore, West Bengal is the 6th richest state in India.
#5-GUJRATH
Nominal GDP- 10.94 Lakh Crore
Gujarat is state a in Western India which capital is Gandhi Nagar and Ahmadabad is the largest city. During British Raj, Gujarati business served to play a major role to enrich the economy of Karachi and Mumbai. The economy of the state is mainly driven by Agriculture and Industrialization. Major agricultural produce of the state include cotton,sugar cane,peanuts,milk and milk products with industrial products including cement and petrol. Gujarat records the highest decadal agricultural growth of 10.97%. One of the biggest economy among Indian states, Gujarat is the 5th richest state of the country with a GDP of 10.94 Lakh Crore according to 2016/17 data.
#4-KARNATAKA
Nominal GDP- 10.80 Lakh Crore (INR)
Karnataka is a state in South-western region of India.Until 1973 Karnataka was known as State of Mysore. The capital and largest city of the state is Bangalore which is known as the Silicon valley of India due to its large expansion in the field of Information Technology based companies. Karnataka is the manufacturing hub of some of the largest public sector companies in India, Including Hindustan Aerospace Laboratories, Bharat Heavy Electricals Limited, Bharat Earth Movers Limited and HMT, which are based in Bangalore. Karnataka also leads the country in Biotechnology as its home to India's largest Bio-cluster with 158 of 320 bio-technology firms are based here. A majority of the Silk industry in India are based in Karnataka, much of it in Doddaballapur. Being the hub of IT industries in India, Karnataka is among the richest states in the country with a estimate GDP of 10.80 Lakh Crore INR.
#3-TAMIL NADU
Nominal GDP- 13.39 Lakh Crore
Tamil Nadu literally The Land of Tamils is a Indian state in the Southern part of the country. The capital and the largest city of the state is Chennai. Tamil Nadu is home to many natural resources,in addition people of this region has devolved and continued classical arts,classical music and classical literature. The state also holds spiritual and historic value including sites like Hindu temples of Tamil architecture, multi-religious pilgrimage sites and eight UNESCO world heritage sites. Tamil Nadu ranks third in foreign direct investments, only behind Maharashtra and Delhi. According 2011 census Tamil Nadu is the most Urbanized state in the country. The state is historically been a agriculture state with products like Banana,turmeric,tapioca etc. Tamil Nadu is the fifth largest producer of rice in India and 2nd largest producer of mango,coconut,ground nut and third largest producer of coffee,tea and sugar cane. With a total nominal GDP of Rs.13.39 Lakh Crore according to 2016/17 financial years data, Tamil Nadu is the 3rd richest state of India.
#2-UTTAR PRADESH
Nominal GDP- 14.46 Lakh Crore (INR)
Home to one of the wonders of the world, "Taj Mahal",Uttar Pradesh or U.P is the most populous of India as well as the most populous country subdivision in the world. Uttar Pradesh is situated in the northern region of the country with Lucknow being its capital. Agriculture and service industries are the largest parts of state economy. The service sector comprises Tourism,hotel industry,insurance and real estate. The state has many historical,natural and religious tourist destinations such as Agra, Varanasi, Jhansi, Mathura etc. In terms of agriculture, U.P is accounts 19% of share in countries total food crop output. Wheat is the states main food crop and sugar cane is the main commercial crop. A total 70% of the sugar comes from Uttar Pradesh. Total estimate nominal GDP of the state for 2017/18 financial year is 14.46 Lakh Crore INR, making it the second largest economy among states in India.
#1-MAHARASHTRA
Nominal GDP- 25.35 Lakh Crore (INR)
Home to the biggest movie industry in Asia named "Bollywood",Maharashtra is a state in the western region of India and India's 2nd most populous state and third largest state in India. Mumbai is the capital of the state with a approx population of 18 million. Maharashtra is the wealthiest state in the country with estimate nominal GDP of 25.35 Lakh Crore INR for 2017/18 financial year. The economy of the state is driven by manufacturing,international trade, mass media,aerospace,technology,fashion and tourism. The state is pioneer in small scale industries. Mumbai , the capital of the state as well as the financial capital of the country, houses the headquarters of major corporate and financial institutions. Maharashtra has the largest portion of tax payers in India and its stock market transects almost 70% of the countries stocks. The state contributes 25% of countries industrial output. The agriculture and allied industry also pays huge contribution in states economy with 12.9% of income coming from this industry. Rice, sugar cane,cotton,fruits, vegetables are notable crops of the state. Thus Maharashtra is the richest state in the country by a big margin.
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