Telangana, a 10-year-old state, has emerged as the second richest state in terms of relative per-capita income in India. It is also a significant contributor to India’s Gross Domestic Product (GDP).
According to a recently released working paper from the Economic Advisory Council to the Prime Minister (EAC-PM), Delhi (250.8%), Telangana (193.6%), Karnataka (180.7%), Haryana (176.8%) and Tamil Nadu (171.1%) are the top five richest states as per relative per-capita income.
As per the report, the poorest states in India are Bihar (32.8%), Jharkhand (57.2%), Uttar Pradesh (50.8%), Manipur (66%) and Assam (73.7%).
The five South Indian states, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Kerala are the top contributors to India’s GDP. Back in 1991, South Indian states used to be below the national average. However, three of five Southern states are now in the top-5 richest states list.
According to the report, southern states contributed 30% of India’s GDP by March 2024. Karnataka with thriving tech and Tamil Nadu with its automobile industries, have made significant contributions to the Indian economy. Telangana, the youngest state, also showed its prowess by making a large constitution for the Indian economy.
On the other side, Andhra Pradesh secured ninth position in terms of GDP and 16th position in terms of per-capita income. Experts opined that lacking an economy-boosting capital city like Hyderabad forced Andhra Pradesh to underperform. However, it is still one of the largest contributors to India’s GDP.
