GDP of India 2024 | Indian States by GDP 2024

About India / By / July 4, 2024

GDP of India 2024

Gross Domestic Product (GDP): GDP is the total value of all goods and services produced within a country in a year.

India is the world’s:

    • 5th largest economy by nominal GDP
    • 3rd largest by Purchasing Power Parity (PPP)

Current Estimates (2024):

MeasureEstimateWorld Rank
GDP Nominal$4.105 trillion5
GDP (PPP)$14.261 trillion3

Source: IMF

Growth Forecast

  • India is projected to surpass Japan and Germany to become the world’s 3rd largest economy by 2030 (S&P Global, Morgan Stanley).

Comparing GDP Measures

  • Nominal GDP reflects values without adjusting for cost of living or inflation.
  • PPP adjusts for cost of living differences between countries, offering a more comparable measure.

GDP per Capita:
GDP per capita divides a country’s GDP by its population. India ranks 139th by nominal GDP per capita and 127th by GDP (PPP) per capita globally.

MeasureEstimate 2023Estimate 2024World Rank
Nominal GDP$2,601$2,847139
GDP (PPP)$9,072$9,892127

 

Indian States by GDP

Gross State Domestic Product (GSDP), also known as State Income, is crucial for assessing the economic growth of individual states or union territories. It represents the total value added by industries within each region, analogous to the national Gross Domestic Product (GDP).

Among Indian states and union territories, Maharashtra leads with a GSDP of 38.80 lakh crore, followed by Tamil Nadu with 28.30 lakh crore, and Karnataka at 25 lakh crore, ranking third. Gujarat holds the fourth position, with Uttar Pradesh rounding out the top five. Together, these top five states contribute approximately 50% to India’s overall economy.

List of Indian states and union territories by Projected GSDP (2023-24) at the current price.

RankState/Union TerritoryGSDP in Indian Rupees (Lakh Crore  ₹)
1Maharashtra38.80
2Tamil Nadu28.30
3Karnataka25.70
4Gujarat25.63
5Uttar Pradesh24.39
6West Bengal17.19
7Rajasthan15.70
8Andhra Pradesh14.50
9Telangana14.00
10Madhya Pradesh13.87
11Kerala11.30
12Haryana11.20
13Delhi10.40
14Odisha8.65
15Bihar8.59
16Punjab6.98
17Assam5.67
18Chhattisgarh5.09
19Jharkhand4.23
20Uttarakhand3.33
21Jammu and Kashmir*2.30
22Himachal Pradesh2.14
23Goa1.00
24A & N Islands*0.89
25Chandigarh*0.49
26Sikkim0.47
27Meghalaya0.47
28Manipur0.45
29Puducherry*0.39
30Arunachal Pradesh0.38
31Nagaland0.37
32Mizoram0.36
33Tripura0.27

* based on 2022-23 or 2021-22 data

Source: RBI Publication  and PRS Legislative Research

List of Indian States by GDP per capita

Top States by GDP per Capita:

  • Sikkim: Rs. 541,544
  • Goa: Rs. 527,146
  • NCT of Delhi: Rs. 444,768

Lowest GDP per Capita:

  • Uttar Pradesh: Rs. 81,398 (largest state)
  • Bihar: Rs. 54,000 (lowest)

Indian states and union territories by NSDP per capita (Current Prices)

The list of Indian states and union territories by NSDP per capita. Net state domestic product (NSDP) is the state counterpart to a country’s Net domestic product (NDP), which equals the gross domestic product (GDP) minus depreciation on a country’s capital goods.

#State/Union TerritoryGDP per Capita 2022-23
1Sikkim541,544
2Goa527,146
3Delhi444,768
4Chandigarh*333,000
5Karnataka331,981
6Telangana317,115
7Haryana304,422
8Himachal Pradesh286,401
9Gujarat281,804
10Tamil Nadu269,000
11Uttarakhand261,173
12Kerala257,711
13Arunachal Pradesh256,410
14Maharashtra248,632
15A & N Islands*229,000
16Puducherry*222,000
17Andhra Pradesh219,518
18Mizoram175,896
19Nagaland175,551
20Punjab173,873
21Tripura158,382
22Chhattisgarh152,348
23Odisha150,000
24West Bengal141,000
25Madhya Pradesh137,339
26Jammu and Kashmir*132,000
27Rajasthan129,460
28Assam118,504
29Meghalaya110,002
30Manipur94,363
31Jharkhand86,060
32Uttar Pradesh81,398
33Bihar54,000

Source: RBI Publication

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