India continues to strengthen its position as one of the world’s fastest-growing major economies, recording robust expansion for the fourth consecutive year despite global economic uncertainties.
The Finance Ministry estimates India’s real GDP growth at 7.4% in the current fiscal year, compared to 6.5% last year. The International Monetary Fund (IMF) has also upgraded India’s 2026 growth forecast to 7.3%, positioning the country to overtake Japan as the world’s fourth-largest economy.
At the state level, economic performance varies significantly, with Maharashtra once again emerging as India’s largest state economy in FY 2024-25.
Top 10 Richest States and UTs by GSDP (FY25, Current Prices)
According to the RBI Handbook of Statistics on Indian States, Maharashtra leads with a Gross State Domestic Product (GSDP) of ₹45.32 lakh crore.
Here are the top 10:
- Maharashtra – ₹45.32 lakh crore
- Tamil Nadu – ₹31.19 lakh crore
- Uttar Pradesh – ₹29.78 lakh crore
- Karnataka – ₹28.84 lakh crore
- West Bengal – ₹18.15 lakh crore
- Rajasthan – ₹17.04 lakh crore
- Telangana – ₹16.41 lakh crore
- Andhra Pradesh – ₹15.93 lakh crore
- Madhya Pradesh – ₹15.03 lakh crore
- Delhi – ₹12.15 lakh crore
Notably, Uttar Pradesh overtook Karnataka this year to claim the third position. Delhi completes the top 10 list with a GSDP exceeding ₹12 lakh crore.
Several other large states such as West Bengal, Rajasthan, Telangana, Andhra Pradesh, and Madhya Pradesh have crossed the ₹15 lakh crore mark, highlighting India’s broad-based state-level economic growth.
Bottom 10 States and UTs by GSDP (FY25, Current Prices)
Smaller northeastern states and hill states continue to rank at the lower end in terms of absolute economic size.
The bottom 10 are:
- Arunachal Pradesh – ₹4,423 crore
- Tripura – ₹8,968 crore
- Himachal Pradesh – ₹23,169 crore
- Jammu & Kashmir – ₹26,246 crore
- Uttarakhand – ₹37,824 crore
- Jharkhand – ₹51,626 crore
- Chhattisgarh – ₹56,788 crore
- Assam – ₹64,367 crore
- Punjab – ₹83,864 crore
- Odisha – ₹89,004 crore
Arunachal Pradesh records the lowest GSDP in FY25 among states and UTs.
What the Data Shows
The rankings reflect economic scale rather than per capita income. Larger, industrialized states with strong services and manufacturing bases dominate the top positions.
Maharashtra’s lead is driven by Mumbai, India’s financial capital, along with a strong industrial and services ecosystem. Tamil Nadu and Uttar Pradesh continue to expand rapidly, benefiting from manufacturing growth, infrastructure development, and population scale.
Meanwhile, smaller northeastern and hill states remain at the lower end of the rankings due to limited industrial base, smaller population size, and geographic constraints.
India’s Growth Story Continues
With national GDP projected to grow above 7%, India’s economic momentum remains strong. State-level performance shows widening gaps in absolute output, but also highlights the increasing role of large states in driving India’s overall economic expansion.
As India aims to become the world’s fourth-largest economy, the contribution of its leading states will remain central to sustaining high growth in the coming years.
Originally published on 24×7-news.com.
