India is a country of diverse cultures and regions, and each state has its own unique economic profile. This article will discuss which is the richest state in India.
According to a report released by the NITI Aayog in January 2021, Maharashtra is the richest state in India. The report was based on a composite score of 55.7, which was calculated using various parameters such as Gross State Domestic Product (GSDP), per capita income, Human Development Index (HDI), and other socio-economic indicators.
Maharashtra is the second most populous state in India and is home to several major cities, including Mumbai, Pune, and Nagpur. The state is known for its thriving industries, including IT, manufacturing, and banking. It is also a major hub for startups and is home to some of the biggest names in the Indian business world.
Gujarat is the second richest state in India, with a composite score of 51.8. The state is known for its strong industrial base and is home to some of the largest companies in the country. Gujarat is also a major tourist destination, with its vibrant culture and rich history.
Tamil Nadu is the third richest state in India, with a composite score of 51.1. The state is known for its strong agricultural sector and is home to some of the largest IT companies in the country. Tamil Nadu is also a major hub for the film industry and is home to some of the biggest names in the Indian entertainment industry.
Telangana is the fourth richest state in India, with a composite score of 50.9. The state is known for its strong IT sector and is home to some of the largest IT companies in the country. Telangana is also a major hub for startups and is home to some of the biggest names in the Indian business world.
Karnataka is the fifth richest state in India, with a composite score of 50.4. The state is known for its strong IT sector and is home to some of the largest IT companies in the country. Karnataka is also a major hub for startups and is home to some of the biggest names in the Indian business world.
On the other hand, Bihar and Jharkhand are the two poorest states in India, with scores of 21.9 and 30.1 respectively. Both states have low per capita incomes and poor Human Development Index scores.
In conclusion, Maharashtra is the richest state in India, with a composite score of 55.7. Gujarat, Tamil Nadu, Telangana, and Karnataka are the other four richest states in India. On the other hand, Bihar and Jharkhand are the two poorest states in India.
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