However, not all of them are among the richest states in India in terms of per capita income. According to a report by the Prime Minister's Economic Advisory Council (PMEAC), these are the five richest states in India.
These are the five richest states in India:
The per capita income shown here should be read as a percentage of the national average. 100% would mean twice the national average. The five largest southern states together accounted for nearly 30 percent of India's GDP in the fiscal year ending March 2024. Interestingly, Telangana is the youngest state in India, having seceded from Andhra Pradesh on 2 June 2014.
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Maharashtra is the largest contributor but its relative share in India's GDP has declined over the past decade. The state, home to the country's financial capital Mumbai, accounted for more than 15 percent of India's GDP about a decade and a half ago. Now, it is 13.3 percent.
However, the state is not in the top five in terms of per capita income. Per capita income has risen to 150.7 percent of the national average at the end of March 2024, up from 133.7 percent three years ago.
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These are the poorest states in India in terms of per capita income:
Uttar Pradesh's share in India's GDP has declined from 14 per cent in 1960-61 to 9.5 per cent. According to the 2011 census, Bihar has 4.3 percent despite being the third most populous state in the country, after Uttar Pradesh and Maharashtra.
Punjab benefited greatly from the Green Revolution in the 1960s. Per capita income in the state rose from 119.6 percent of the national average to 169 percent by 1971.
However, by 1991 the gains from the focus on agriculture had diminished. Yet, per capita is still 106%, more than twice the national average. Haryana has seen an impressive increase in per capita income of 176.8%, with most of the increase beginning at the turn of the century.
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